May 22, 2024
Softhread announced that it secured an esteemed National Science Foundation Small Business (NSF) Innovation Research (SBIR) Phase II grant, totaling approximately $1 million, to support system development. Additionally, Softhread Inc. proudly introduced its data and metadata exchange solution, Chios™ QR-Change, designed to tackle intricate healthcare interoperability challenges in the rapidly expanding precision health and personalized medicine sectors.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
Softhread Inc. | $1M | May 22, 2024 | Grant | $1.256M | NSF (SBIR/STTR) | Health |
SBIR Phase II grants recognize the potential of impactful technologies and contribute to their funding for development and commercialization. This recognition validates Softhread’s technology, which combines cutting-edge capabilities such as generative artificial intelligence, large language models, federated learning, edge computing, confidential computing, and blockchain technology.
The Softhread team, including co-founders Dr. Yesha, Dr. Eliot Siegel, and Anthony Deasey, along with CEO Dr. Ingrid Vasiliu-Feltes and CTO Stephen Dennis, collectively bring decades of technology development experience in the healthcare field.
Dr. Yelena Yesha, Softhread’s Chairperson, expressed excitement about receiving the SBIR Phase II grant, emphasizing its validation of their solution’s potential and its crucial support in enhancing privacy, security, and efficiency in healthcare data exchanges.
Dr. Vasiliu-Feltes stated that their business goal is to facilitate seamless, efficient, secure, confidential health data and metadata exchanges, thereby accelerating current personalized medicine and precision health efforts.
About Softhread Inc.
Softhread is an innovative information technology company specializing in health technology products. They utilize generative AI, large language models (LLMs), edge computing, confidential computing, federated learning, and blockchain capabilities. Their groundbreaking Chios™ QR-X-Change platform employs AI-enabled decentralization to enhance interoperability solutions in healthcare and life sciences. Softhread’s scalable and customizable solutions optimize data management ROI. Their vision is to revolutionize traditional data and metadata exchanges, driving the shift toward precision health and personalized medicine.
Website: https://www.softhread.com/
About Investor
Investor: NSF SBIR/STTR
Description: The NSF SBIR/STTR program aims to bridge the gap between scientific excellence and market impact. By providing funding to startups and small businesses, the NSF seeks to bolster the national economy and foster innovation. This support encourages the development of novel products, services, and solutions in the private sector, with the potential for widespread influence. Additionally, the program emphasizes the role of small businesses in meeting federal research and development needs, promoting the commercial application of federally supported research outcomes, and fostering workforce growth, particularly among socially and economically disadvantaged and women-owned small businesses.
Location: Virginia, United States
Website: https://seedfund.nsf.gov/
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