Briya Company Profile

Background

Overview

Briya is a healthcare data exchange platform that leverages blockchain technology to facilitate the secure and efficient sharing of anonymized patient data. Founded in 2020, the company is headquartered in New York, NY, with additional offices in Nashville, TN, and Tel Aviv, Israel. Briya's mission is to transform healthcare data exchange by providing a scalable and compliant infrastructure that connects data systems and users seamlessly. The platform is designed to support hospitals, life sciences companies, contract research organizations (CROs), and academic researchers in accessing and sharing high-quality medical data.

Mission and Vision

Briya aims to make healthcare data accessible and easily shareable to drive health innovation. By removing barriers to data exchange, the company seeks to accelerate research, shorten time to medicine, and improve health outcomes, all while ensuring compliance with regulatory standards such as HIPAA and GDPR.

Industry Significance

In the healthcare industry, efficient data exchange is crucial for advancing medical research, improving patient care, and accelerating the development of new treatments. Briya's platform addresses the challenges of fragmented and siloed healthcare data by providing a secure and standardized solution for data sharing, thereby enhancing collaboration among healthcare organizations and life sciences companies.

Key Strategic Focus

Core Objectives

Data Accessibility: Enable rapid and secure access to high-quality, anonymized healthcare data.

Compliance: Ensure adherence to regulatory standards, including HIPAA and GDPR.

Collaboration: Facilitate seamless collaboration between healthcare organizations and life sciences companies.

Areas of Specialization

Data Exchange: Providing a blockchain-secured platform for the exchange of healthcare data.

Data Standardization: Converting medical data to FHIR or OMOP standards to facilitate interoperability.

Anonymization: Implementing de-identification techniques to protect patient privacy.

Key Technologies Utilized

Blockchain Technology: Ensures secure and transparent data transactions.

FHIR and OMOP Standards: Facilitate data interoperability and standardization.

AI and Machine Learning: Enhance data analysis and insights.

Primary Markets Targeted

Hospitals and Healthcare Systems: To improve data sharing and collaboration.

Life Sciences Companies: For access to high-quality, de-identified real-world data.

Academic Researchers: To support research initiatives with comprehensive data.

Financials and Funding

Funding History

Seed Round (April 2022): Raised $5.5 million led by Amiti Ventures, with participation from Insight Partners and Innocare Health Investments.

Series A Round (September 2023): Secured $11.5 million led by Team8, bringing total funding to $17 million.

Utilization of Capital

The funds are intended to support the development of Briya's platform and facilitate its expansion into the U.S. market.

Pipeline Development

Briya's platform has been implemented in healthcare systems and academic institutions, primarily in Europe and Israel. The company is focusing on expanding its presence in the U.S. market to enhance collaboration between hospitals and life sciences organizations.

Technological Platform and Innovation

Proprietary Technologies

Blockchain-Secured Data Exchange: Ensures secure and compliant data sharing.

Data Standardization Tools: Convert medical data to FHIR or OMOP standards.

Anonymization Techniques: Protect patient privacy through de-identification.

Significant Scientific Methods

Data Harmonization: Standardizing diverse data sources for unified analysis.

AI-Powered Analytics: Utilizing machine learning algorithms for data insights.

Leadership Team

David Lazerson: Co-Founder and CEO.

Guy Tish: Co-Founder and CTO.

Ruth Levi Lotan: VP Sales & Partnerships.

Prof. Siegal Sadetzki, MD MPH: Chief Epidemiology Officer.

Chagai Yariv: Head of Technical Operations.

Mor Pecht: Head of Marketing.

Yossi Zarfati: Head of Product.

Elad Itzhakian: Head of R&D.

Competitor Profile

Market Insights and Dynamics

The healthcare data exchange market is experiencing growth due to the increasing need for efficient data sharing to accelerate medical research and improve patient care. Companies like Briya are addressing challenges related to data fragmentation and compliance, positioning themselves as key players in this evolving landscape.

Competitor Analysis

LynxCare: Offers a platform for real-time access to clinical data, focusing on data harmonization and analytics.

Smile Digital Health: Provides digital health solutions with an emphasis on patient engagement and data interoperability.

Truveta: Specializes in real-world data and analytics to support healthcare decision-making.

HealthVerity: Focuses on data exchange and analytics for healthcare organizations.

Formedix: Provides software solutions for clinical data management and standards compliance.

Strategic Collaborations and Partnerships

Briya has formed partnerships with leading research groups and healthcare systems to expand its platform's reach and impact. Notably, the company has collaborated with the Institute of Neuroradiology at Charité – Universitätsmedizin Berlin to enhance data sharing capabilities.

Operational Insights

Briya's platform offers a unique value proposition by combining blockchain security with data standardization and anonymization, addressing key challenges in healthcare data exchange. This approach differentiates Briya from competitors by providing a comprehensive solution that ensures data integrity, compliance, and efficiency.

Strategic Opportunities and Future Directions

Briya is well-positioned to capitalize on the growing demand for secure and efficient healthcare data exchange solutions. The company's focus on expanding its presence in the U.S. market and enhancing its platform's capabilities aligns with industry trends toward greater data interoperability and collaboration.