Comprehend Systems, Inc., a Redwood City, CA-based provider of clinical intelligence solutions, closed a $15m Series C venture capital financing.
The round was led by Eminence Capital, with participation from existing investors Sequoia Capital and Lightspeed Venture Partners. In conjunction with the funding, Eminence Capital’s Kristopher Koka will join Comprehend’s Board of Directors.
The company, which has raised $44.5m since launching, intends to use the funds to expand sales and engineering.
Led by Rick Morrison, CEO, Comprehend provides cloud-based software that enables Clinical Research teams (ClinOps Execs, Data Managers and Medical Monitors) to accelerate and improve quality of trial submissions across a portfolio of clinical trials across studies, sites, systems and CROs.
The company’s suite is used for centralized monitoring, risk monitoring, CRO oversight and collaboration, data review and medical monitoring initiatives.