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Aetion

Aetion

Software solutions for real-world evidence analysis

About

Aetion develops software solutions that utilize real-world evidence (RWE) to assist life sciences companies, regulators, and purchasers in making informed decisions. Their software analyzes real-world data to provide insights into the effectiveness and safety of medical innovations, from initial hypotheses to long-term monitoring. Aetion's clients include major pharmaceutical companies and healthcare regulators, who benefit from the ability to generate and analyze diverse data sets for clinical insights that were previously hard to obtain. The company differentiates itself by offering a platform that not only manages longitudinal data but also generates synthetic health data using artificial intelligence. Aetion's goal is to maximize the return on investment for its clients by providing rapid insights that facilitate critical decision-making, ultimately expediting patient care.

Company Stage

Series C

Employees

201-500

Industries

AI & Machine Learning, Healthcare

Total Funding

$241.6M

Headquarters

N/A

Founded

2012


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Simplify's Take

What believers are saying

  • The establishment of a technology hub in Barcelona and the appointment of Ken Watson as CTO signal Aetion's commitment to innovation and attracting top talent.
  • Collaborations with major entities like the FDA and partnerships with companies like xCures enhance Aetion's credibility and influence in the healthcare sector.
  • The launch of products like Aetion® Discover and the SURF screening tool demonstrate the company's continuous innovation and ability to address critical industry needs.

What critics are saying

  • The highly specialized nature of RWE technology may limit Aetion's market to a niche segment, potentially constraining growth.
  • Rapid expansion, such as doubling the engineering team in Barcelona, could lead to integration challenges and operational inefficiencies.

What makes Aetion unique

  • Aetion specializes in real-world evidence (RWE) technology, providing unique insights into medical innovations' real-world performance, unlike competitors focused solely on clinical trial data.
  • Their platform's ability to generate synthetic health data using AI sets them apart in the healthcare technology sector.
  • Aetion's comprehensive suite of data, science, and regulatory services helps clients expedite their real-world data strategies, offering a more integrated approach than many competitors.

Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-7%

2 year growth

-3%

Benefits

Medical, dental, & vision insurance

Free membership to OneMedical

FSA

4% 401(k) match

Commuter benefits for parking & transit

Unlimited PTO

Paid parental leave

Wellness stipend

Company activities

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