Owkin is a research network co-founded by Thomas Clozel, MD, a former assistant professor in clinical hematology/oncology, and by Gilles Wainrib, Ph.D., and former researcher about machine learning systems and their application in biology and medicine. The company was established assuming that medical research should be based on collaboration, inclusion, and privacy. Owkin is building a network that connects researchers, scientists, medical personnel, and drug companies keeping the information secure and private. Owkin’s work has been published in multiple scientific journals, including Nature Medicine. It has raised over $70 million in financing and is now working with the most important cancer centers and pharmaceutical companies in Europe and the US.
Owkin aims to give researchers in hospitals, universities, and pharmaceutical companies all the necessary tools to achieve their objectives.
Patients have a desire for faster development of safer and more practical therapies.
Owkin gives the necessary tools to researchers from hospitals, universities, and pharmaceutical companies to:
• Establish why drugs affect some patients differently.
• Enhance the drug development process.
• Identify the most effective drug for the correct patient to improve treatment outcomes.
Therefore, Owkin created a novel research platform and a portfolio of AI models and solutions called Owkin Loop. It is defined as the research basis
of Owkin’s platform: it connects healthcare researchers with databases from multiple academic research servers worldwide.
Owkin Loop is powered by the two main components of Owkin’s Software Stack:
• Owkin Studio, their ML platform.
• Owkin Connect, their federated learning framework
Owkin’s medical research collaborations include oncology, immunology, and cardiovascular diseases.(1)
Owkin lab: the team is a combination of multiple ML scientists, data analysts, engineers, biologists, medical doctors, biostatisticians, and translational researchers. The Lab is divided into teams dedicated to a specific data modality, including clinical data, radiology, pathology, and genomics.
Owkin Loop: This software allows teams access to high-quality patient data and top-notch clinical experience through globally connected networks of academic medical centers. Owkin aims to the highest quality, research-grade cohorts that contain longitudinal molecular, imaging, pathology, and outcome data. Owkin Connect powers Owkin Loop.
Owkin Connect: it is the framework where the Federated Learning system operates across Owkin Loop. It provides information to train AI models on decentralized data, which solves the data sharing challenges in healthcare. The data is kept secure and private, on-site behind the medical center’s firewall. Owkin Connect empowers data owners to determine data authorizations and track their usage.
Federated Learning: It is an ML system with the objective of training AI models from multiple independent providers.
Instead of keeping data on a single server, the data remains locked on their server, and the algorithms and predictive models move between them. The main goal of this approach is to take advantage of a large pool of data resulting in increased ML performance while respecting data ownership and privacy.
Owkin Studio: it is a platform designed to articulate the capabilities of AI and the experience of clinical researchers. The user structures a research project that trains an ML model and interprets the result. Owkin’s studio is engineered to allow non-ML experts to perform AI research projects. The software identifies the features in the data responsible for predictions and allows the researchers to investigate their biological meaning.
(2)
Last year, Owkin raised $25 million in financing from multiple investors, including Bpifrance, Large Venture, Cathay Innovation, and MACSF, including previous investors such as GV, F-Prime Capital, and Eight Roads. The $55 million total capital investment from established and new investors comes from the company’s extended Series A round. In 2020, the company started The Covid-19 Open AI consortium, an initiative that employs their platform to maintain and develop collaborative research. The company’s estimated annual revenue is 20.3 million per year and grew its employee count by 24% compared to last year.(3)