Lokavant Announces $8M Strategic Investment from Mitsui & Co. to Expand AI and Predictive Clinical Trial Intelligence into Asia-Pacific
Portfolio Pulse from Benzinga Newsdesk
Clinical trial intelligence platform company, Lokavant, has received an $8 million strategic investment from Mitsui & Co. Ltd. The funding will be used to expand Lokavant's AI-optimized platform across the Asia-Pacific region, with a new APAC headquarters set to open in Tokyo. CMIC Group, Japan's largest contract research organization and one of Lokavant's earliest customers, is a key player in this expansion.
October 03, 2023 | 11:39 am
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Mitsui & Co. Ltd. has made a strategic investment of $8 million in Lokavant. This move could potentially increase Mitsui's influence in the Asia-Pacific clinical research market.
Mitsui's investment in Lokavant indicates a strategic move to expand its footprint in the clinical research market in the Asia-Pacific region. This could potentially lead to increased revenues and growth for Mitsui in the future.
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