Softhread Inc. Announces Prestigious NSF Phase II SBIR Grant to Fund Development of Chios™ QR-Exchange Platform Tailored to Address Complex Healthcare Interoperability and Data Exchange Challenges

    BALTIMORE, MD, May 22, 2024 /24-7PressRelease/ -- Softhread Inc. today proudly unveiled its revolutionary data and metadata exchange solution, Chios™ QR-Change, tailored to address complex healthcare interoperability challenges in the rapidly expanding precision health and personalized medicine sectors. Additionally, Softhread also announced that it has been awarded an esteemed National Science Foundation Small Business (NSF) Innovation Research (SBIR) Phase II grant, of approximately $1 million, to underwrite the systems development.

SBIR Phase II grants recognize the potential and contribute to the funding of the development and commercialization of impactful technologies, thus this recognition validates our technology, which blends cutting-edge capabilities, including 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, together 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, said, "We are excited to have received the SBIR Phase II grant which not only validates the potential of our solution but also provides vital support to enhance the privacy, security and efficiency of healthcare data exchanges."

Dr. Vasiliu-Feltes stated, "Our business goal is to facilitate seamless, efficient, secure, confidential, critical health data and metadata exchanges, accelerating current personalized medicine and precision health efforts."

About U.S. National Science Foundation

The U.S. National Science Foundation is an independent federal agency that supports science and engineering in all 50 states and U.S. territories.
U.S.

About NSF SBIR/STTR
The NSF SBIR/STTR program supports moving scientific excellence and technological innovation from the lab to the market. By funding startups and small businesses, NSF hopes to build a strong national economy and stimulate the creation of novel products, services, and solutions in the private sector with potential for broad impact; strengthen the role of small business in meeting federal research and development needs; increase the commercial application of federally supported research results; and develop and increase the US workforce, especially by fostering and encouraging participation by socially and economically disadvantaged and women-owned small businesses.

About Softhread
Softhread is a pioneering information technology company that specializes in the development of health technology products leveraging generative AI, LLMs, edge computing, confidential computing, federated learning and blockchain capabilities. Its innovative Chios™ QR-X-Change platform leverages an AI-enabled, decentralized system to facilitate state-of-the-art interoperability solutions across healthcare and life sciences sectors. Softhread's solutions are scalable, highly customizable, and designed to optimize the return on investment in data management. With a vision to disrupt traditional data and metadata exchanges, Softhread is catalyzing a major shift towards precision health and personalized medicine.

For additional information about Softhread please visit www.softhread.com

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