Flatiron Health, the developers of a data platform, has raised $8 million in a Series A round of funding led by Google Ventures.
Google ventures got participates with companies like: First Round Capital, Laboratory Corporation of America, Great Oaks Capital, The Social+Capital Partnership, SV Angel, IA Ventures and angel investors.
As a part of the financing, Dr. Krishna Yeshwant, general partner at Google Ventures, has joined Flatiron Health’s board.
Flatiron Health is the main idea of Invite Media founders Nat Turner and Zach Weinberg.
The duo sold their bidding exchange software and advertising technology company to Google in 2010 for a reported $80 million.
The pair began to investigate the inner workings of the oncology industry and realized that most cancer care centers, oncologists and researchers were deprived of even the most basic data analysis tools that other industries used daily.
Turner and Weinberg decided to start another company to help solve this problem.
The result, Flatiron Health, is building an “oncology data platform”, which allows cancer care providers to aggregate, structure and mine their clinical oncology data.