“We created Bioz to disrupt the slow and siloed nature of life science research by increasing knowledge sharing and successful experimentation, ultimately helping to speed up the rate of drug discovery,” said Daniel Levitt, co-founder and CEO of Bioz. “The life science research market is ripe for technology innovation that can streamline experimentation and arm researchers with tools to work faster, smarter, and more cost-effectively.”
Each year, researchers in academia and biopharma spend $80 billion to purchase millions of products (reagents, consumables, and instruments) for use in life science experiments. Some of these products have very high failure rates; a case in point are antibodies that don’t work up to 50 percent of the time, and yet before Bioz there was no easy way for researchers to quickly find, compare, and select the products that would work best in their specific assays and experiments.
“As a researcher, I can personally attest to the challenges in research trial and error, which slows the pace of scientific discovery and the ultimate path to curing diseases,” said Dr. Karin Lachmi, co-founder and chief scientific officer at Bioz. “Here was an opportunity to transform an inefficient product selection process, disrupt the life science tools industry, and change the world. If we can help researchers save months of study due to failed experiments, imagine the strides science will be able to make. Bioz has a single mission—to make scientific research faster, more cost-effective, and more accurate than ever before.”
Typically, life science researchers go through a tedious and manual review process to reference similar published research papers when designing new experiments. But the text in articles is dense and the volume of available material is staggering. A new paper is published every ten seconds and can run more than 30 pages, creating a limitless haystack of unstructured information.
The Bioz cloud platform’s patent-pending software architecture taps the latest advances in Natural Language Processing (NLP) and Machine Learning (ML) to mine and structure hundreds of millions of pages of complex and unstructured scientific papers, placing an unprecedented amount of summarized scientific experimentation knowledge at researchers’ fingertips. The Bioz platform helps researchers select products, plan experiments, write papers, apply for grants, and collaborate, speeding up experimentation and drug discovery.
Introducing the Bioz Star System
Today, the company also introduced Bioz Stars, the first and only unbiased rating system to help scientists around the world to quickly identify the right products for their experiments. Bioz Stars are unbiased and objective algorithmic ratings that are displayed for over 200 million life science products, tools, reagents, lab equipment, instruments, assays, and kits. Bioz Stars are based on the analysis of millions of peer-reviewed papers using a groundbreaking algorithm with weighted quantitative and qualitative parameters, helping researchers make knowledgeable decisions that ensure future experiments are better, faster, and more cost-effective.
Bioz Stars benefit researchers who are searching for products to use in their experiments, and vendors of life science tools who can view their product ratings.
Silicon Valley Startup Closes $3 Million in Funding
As part of the July 20th announcement, Bioz also disclosed $3 million in seed funding, led by 5AM Ventures, a Silicon Valley venture capital firm focused on building next-generation life science companies. Stanford-StartX Fund, Astia Angels, and other institutional and individual investors, including Esther Dyson, well-known journalist, author, investor and philanthropist, also invested in the round. The funding will be used for platform development, building the Bioz user base, increasing global awareness and growing the business.
Bioz is the world’s first and only cloud search engine built for life science experimentation. Bioz is available free to researchers and is currently in beta. For more information, visit www.bioz.com.