LighthouseAI, a Los Angeles, CA-based company which specializes in compliance solutions for the pharmaceutical supply chain, raised $4.6M in Seed funding.
The round was led by Healthy Ventures and BluePointe Ventures, with participation from Eileses Capital, Bertelsmann Next, The Legal Tech Fund, and additional angel investors.
The company intends to use the funds to accelerate the development and growth of their flagship product suite of compliance automation solutions for the pharmaceutical supply chain.
Led by CEO Sumeet Singh, LighthouseAI specializes in AI-driven solutions to navigate the complex landscape of regulatory compliance in the life sciences supply chain. LighthouseAI’s product suite, rooted in the RegTech space, is specifically designed to reduce risk and cost associated with compliance. LighthouseAI Intelligence™ utilizes artificial intelligence to identify facility-specific requirements and automate regulatory surveillance across all state and federal jurisdictions, tailored to a user’s exact business model and product portfolio. As the Intelligence product solution identifies these requirements, LighthouseAI Management™ provides a system for efficient tracking and handling of responses, including secure uploading and storage of crucial documents, task management, and activity-level tracking, enabling the user to manage all related activities and obligations.
The company serves 700 clients.
FinSMEs
24/10/2023