Flywheel Exchange Inc. Asset Profile

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Year established

2012

Location

Minneapolis MN US

Primary Industry

Software

About

Based in Minnesota, US, founded in 2012 by Brian Wandell, Gunnar Schaefer, and Troy Kopischke, Flywheel Exchange Inc. operates as a developer of an informatics platform designed for biomedical research and collaboration. Flywheel Exchange was created through a partnership with a Stanford University researcher, and in June 2023, Flywheel Exchange Inc. raised USD 54 million in series D funding co-led by Novalis LifeSciences and NVentures, with participation from Microsoft, Invenshure, Gundersen Lutheran Medcial Center Inc., and others. The company's platform provides an efficient, reproducible, and collaborative imaging AI infrastructure to improve imaging research efficiency, compliance, reproducibility, security, and analytical capabilities, thereby enabling healthcare businesses to enhance speed-of-discovery, funding opportunities, and reputation while reducing overhead and IT costs. The firm’s platform was designed to capture clinical data, including imaging, EHRs, digital pathology, and omics. Users can then curate the data with annotations and labels that are then available to the client organization. Flywheel’s tech can then use its analytics to process and integrate data. Teams can also collaborate and share data using the tool. The company primarily focuses on the research industry, including the life sciences space, clinical research, and artificial intelligence (AI) for developers. Flywheels' June 2023 funding will allow the company to boost its expansion in other markets especially Europe, and scale its public sector healthcare and pharmaceutical.

Current Investors

York IE, Beringea, iSelect Fund Management

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Primary Industry

Software

Sub Industries

Medical Software, Application Integration Software, Analytics & Performance Software

Website

www.flywheel.io

Verticals

Artificial Intelligence, Cloud Computing, HealthTech

Company Stage

Series D

Total Amount Raised

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Employee Data

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