Medical data crowdsourcing startup StuffThatWorks launches in the U.S., raises $9 million
Founded by former Waze executive Yael Elish, StuffThatWorks offers an online platform where people suffering from chronic diseases can share information
According to Elish, one thing that struck her was that information from different patients was never gathered and organized under a single roof. The patients themselves can testify better than anyone as to the treatments they tried, what worked for then, and what did not, Elish said in a statement.“Collecting this knowledge in an organized and structured way across is the only way to compare effectiveness in scale,” Elish said. “When that’s done across all chronic conditions it creates a gold mine of data that can dramatically advance and facilitate research to the benefit of both the patient and the medical community,” she added. “With more than half of the world’s populations suffering from at least one chronic condition, chronic illness is a rapidly growing global epidemic,'' Adam Fisher, a partner at Bessemer Venture Partners, said in a statement. “We believe that StuffThatWorks can not only help millions of people get access to valuable knowledge on treatment effectiveness but also disrupt and innovate the way data from patients in the real world is collected and analyzed today,” he added. ' "Few companies manage to implement crowdsourcing in a way that significantly impacts the world - and applying it to such an important domain, in an elegant way that scales across so many conditions, has never been done,” 83North Partner Arnon Dinur said in a statement. “StuffThatWorks has the potential to utterly transform the way the medical community and patients alike around the world approach treatments," he added.
"It's a growing consensus that the landscape of next-generation medicine and research will be heavily participatory and crowdsourced,” Yahal Zilka, managing partner at Ofek Ventures and one of the early investors in Waze, said in a statement. "Being the only player implementing a structured cross condition approach to patient reported outcomes (PROs), we believe that StuffThatWorks will play a key role in this space facilitating cutting edge PRO research," he added.