Dascena raises $50M in Series B round, publishes data on machine learning in sepsis prediction - MedCity News

While social distancing has forced healthcare conferences to go virtual, it hasn't stopped startups from raising money to fund their early development efforts. Here is a list of companies that have raised money this week. A company developing machine learning algorithms in diagnostics, Dascena said Thursday that it raised $50 million in a Series B round led by Frazier Healthcare Partners, with participation from Longitude Capital, existing investor Euclidean Capital and an undisclosed investor. The company plans to use the money to advance its suite of algorithms to inform patient care strategies and improve outcomes. In addition, Dascena announced Thursday the publication of a prospective study to evaluate the effect of its machine learning algorithm in predicting severe sepsis, in the journal BMJ Health & Care Informatics.