BOSTON– BTR (Boston Technology Research), a regulatory technology company serving healthcare, life sciences and SaMD, today announced that is has raised $15 million in a Series A round led by New York-based global venture capital and private equity firm Insight Partners, with participation from LRV Health, NewStack Ventures and other investors. The new funding will be used to ensure that customers are prepared for the FDA’s anticipated guidance that will incentivize a move from traditional methods to new technologies.
BTR is a leading regulatory technology company that automates how healthcare, life sciences and SaMD companies establish and maintain compliance over their systems. BTR’s flagship solution, Res_Q (for Responsible_Quality), is an entirely digital, SaaS-based validation lifecycle solution that was born from the pain points of industry experience. Healthcare and life sciences companies are required to ensure that every system that impacts patient safety and security be tested when installed, and every time it changes. Most are doing this with legacy systems like paper, struggling to keep up with the pace of new technology, and spending too much time and resources. Over the next two years, BTR will further automation within Res_Q, expand product offerings and invest in sales and customer success.
“Leveraging technology to manage validation is an absolute business imperative for regulated companies to move to market quickly and responsibly,” said Bryan Ennis, BTR CEO. “Customers can unlock real value and innovate faster when they use Res_Q to enhance and automate how they maintain compliance. We are providing a seamless, single source of validation truth for all systems across the enterprise, and we are already transforming patient safety and security at a time when it’s never been more important.”
“BTR is beyond mission critical for its customer base across the healthcare and life sciences industries. The company’s platform unlocks an unprecedented level of digital collaboration, efficiency and auditability, which in turn drives significant time and cost savings for their customers,” said Julian Marcu, senior associate at Insight Partners. “Insight Partners is thrilled to partner with Bryan and his remarkable leadership team to fuel further innovation and accelerate their ScaleUp journey.”
