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Nference raises $60M in 2nd round of financing for biomedical platform

Nference Inc. said it raised $60 million for its biomedical platform in a series B round of financing, which saw the participation of American not-for-profit Mayo Clinic.

The company's platform converts unstructured medical information — such as clinical notes, case reports, scientific literature, pathology images, ECG waveforms and genomic sequences — into a digital form that can be computed more effectively.

The Mass.- based private company uses neural networks to extract data in real time from sources of medical knowledge.