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Wednesday, January 29th 2020, 5:23 PM EST

PhysIQ, founded by Purdue alumnus Gary Conkright, received a $500,000 investment from Purdue Research Foundations Foundry Investment Fund. (photo provided)

WEST LAFAYETTE - An artificial intelligence firm specializing in the life sciences just received a $500,000 investment from Purdue Research Foundations Foundry Investment Fund.

PhysIQ is a Purdue-affiliated company founded by Gary Conkright, a graduate in Purdues College of Engineering.

Conkright develops solutions to improve health care outcomes by applying AI to real-time physiological data from wearable sensors.

The Foundations support will help us continue to lead the way in changing how health care is developed and delivered through FDA-cleared physiology analytics, said Conkright.

Established in 2014, the Foundry Investment Fund is a partnership between Purdue Research Foundation and Cook Medical.

The goal of the fund is to provide capital to life science startups, affiliated with Purdue, to help them transition their ideas to the creation of a viable company.

Gary Conkrights team at physIQ offers a great example of the kinds of technology and products that align perfectly with the goals of the fund, said John Hanak, managing director of Purdue Ventures.

Purdue says the physIQ solution provides pharmaceutical companies data-driven support to demonstrate the efficacy of their products using real-world data.

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Purdue-affiliated Health Tech firm Receives $500000 to Advance AI Innovations - Inside INdiana Business