A D.C. tech startup helping companies break down complicated data just raised $10M

D.C. cognitive tech startup Sorcero Inc. has raised millions in new funding to support demand for its platform — which has only increased through the pandemic.

The local company, which uses artificial intelligence to break down complex scientific and medical data, has raised $10 million in a Series A round led by CityRock Venture Partners, part of New York’s H/L Ventures; and Harmonix Fund, which focuses on health care and deep tech ventures. A flurry of other backers also participated, including new investors Rackhouse, Mighty Capital and Leawood VC; and existing investors Castor Ventures and Worldquant Ventures, Sorcero said in its announcement.

The raise comes about a year after the now 4-year-old company launched its platform and crossed $1 million in revenue — “a milestone in almost any young startup’s life, so that’s a big deal for us,” founder and CEO Dipanwita Das said in September 2020. At that time, Sorcero was also expanding its language intelligence tools to…

Read the full story from the Washington Business Journal.

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