TraceLink Grand Prize Winner in Amazon AWS Global Start-Up Challenge
The TraceLink team is ecstatic to share the news that the TraceLink Life Sciences Cloud won the Grand Prize at the Amazon.com 6th AWS Global Start-Up Challenge. TraceLink’s cloud-based application platform, developed to protect patients, enable health, grow profits and ensure compliance in global Life Sciences, was selected as
“Globalization of pharmaceutical supply and patient demand is driving a transformation in the pharmaceutical industry as executives seek a global approach for protecting patient safety, ensuring access to
Launched in 2010, TraceLink Life Sciences Cloud has rapidly become the place where pharmaceutical companies, CMO/CPO supply partners, wholesale distributors
- Ensure global compliance with pharmaceutical serialization, ePedigree and reporting requirements for California ePedigree, EU Falsified Medicines Directive, China
eCoding and other track and trace mandates - Protect medicines from drug counterfeiting incidents like Avastin that kill over 100,000 people a year globally
- Eliminate drug shortages that have grown over 500 percent in recent years
- Cost-effectively access the $165 billion in new revenue growth available in Pharmerging markets
- Improve free cash flow and minimize operational cost by capturing supply chain efficiencies
- Build direct-to-patient communication through Apple iPhone and Google Android mobile devices
“The Amazon AWS cloud computing platform gives us the scale, performance and security we need to manage the billions of pharmaceutical products produced and the hundreds of billions in revenue generated by our Life Science customers each year,” added Mr. Dahod. “Only by fundamentally embracing and designing for the cloud could we take advantage of AWS’s global elasticity, data security
The TraceLink Life Sciences Cloud delivers end-to-end visibility, traceability
- Track and trace, supply chain collaboration and supplier quality management application suites
- Integrate-once, interoperate-with-everyone transaction translation
- A business relationship graph delivering true point-and-click connectivity across a global community
- A business collaboration platform simplifying cross-functional, cross-company team collaboration
With TraceLink, companies of all sizes and network complexities can optimally plan, execute, monitor and analyze all supply, production and distribution activities, for every product, with every partner in their network, at 1/20th of the cost and time of traditional enterprise applications and point-to-point integration approaches. Hear more in this video.
“The data security and reliability benefits for our customers by using a globally distributed AWS cloud platform cannot be overstated,” noted Peter Spellman, SVP Product and Cloud Engineering, TraceLink Inc. “Traditional enterprise data storage approaches cannot cost-effectively match the 99.999999999% durability that is available via cloud storage designed for mission-critical Life Science operations. Pharmaceutical serialization and global track and trace activities alone will generate terabytes of product and transactional data for a pharma company that must be securely stored across record retention periods and accessed across the global supply network. This was a key design criterion for the Life Sciences Cloud, to manage the
TraceLink demonstrated the benefits of a globally integrated pharmaceutical supply network in the cloud to judges, entrepreneurs, venture capitalists
About TraceLink
TraceLink protects patients, enables health, grows profits and ensures compliance for companies across the global Life Sciences network through the TraceLink Life Sciences Cloud. The TraceLink Life Sciences Cloud is a cloud-based application platform that enables complete global connectivity, visibility and traceability of pharmaceuticals from raw materials to
TraceLink is funded by FirstMark Capital. Based in New York City, FirstMark Capital is an early stage venture capital firm investing in visionary entrepreneurs who are creating new markets with innovative technology solutions or fundamentally changing existing markets by applying a fresh approach or new business model. FirstMark partners early in a company’s lifecycle, offering deep industry insight, a broad network of relationships and the operational expertise to build lasting businesses. Select historical investments include Riot Games (Acquired by Tencent); Duck Creek Technologies (Acquired by Accenture); Netgear (NASDAQ: NTGR); Boomi (Acquired by Dell); StubHub (Acquired by eBay); Netegrity (Acquired by CA); OutlookSoft (Acquired by SAP); and Navic Networks (Acquired by Microsoft). Current investments