By Gil Press | Forbes | September 3, 2021
Approximately 30% of the world’s data volume is created by the healthcare industry, according to RBC and IDC. The compound annual growth rate of healthcare data between 2018 and 2025 is predicted to be 36%, a much faster rate of data growth than that of other industries, including financial services at 26%.
Last year, healthcare’s share of all the data created worldwide amounted to 21 zettabytes or 21 trillion gigabytes. Also last year, Covid-19 made all of us aware of the important role of high-quality data in the successful enlistment of AI in humanity’s battle with diseases and in keeping people healthy.
Centaur Labs, a startup focused on improving the quality of healthcare data, today announced $15 million in funding to advance their mission to label the world’s medical data. The Series A round was led by Matrix Partners with participation from other funds including Accel, Global Founders Capital, Susa Ventures, Y Combinator, and individual investors.