Seed Round · Confidential

Clinical Trials,
Reimagined from
the Ground Up.

Clinly is the automated Electronic Data Capture platform that compresses 12-week trial builds into days — with a 21 CFR Part 11-aligned architecture, automated protocol parsing, and a regulatory export engine that speaks every industry standard.

21×
Faster Trial Setup
vs. manual processes
7 days
Protocol → Live EDC
vs. 12 weeks industry avg
6
Export Formats
CDISC · Rave · REDCap · SAS
21 CFR
Part 11-Aligned
Append-only audit trail built-in
Compatible & Compliant With Industry Standards
FDA 21 CFR Part 11 CDISC ODM-XML 1.3.2 SDTM / CDASH Medidata Rave ALS REDCap 13.x+ SAS Transport XPT EMA Annex 11 FDA 21 CFR Part 11 CDISC ODM-XML 1.3.2 SDTM / CDASH Medidata Rave ALS REDCap 13.x+ SAS Transport XPT EMA Annex 11
The Builder

Built by Someone Who Lived the Problem.

Founder & CEO — Clinly
5+ years inside Phase II/III trials · Clinical Data Management · Full-stack engineer

The problem Clinly solves isn't hypothetical — it's visible in every clinical trial startup cycle. Years of hands-on work across multiple Phase II and Phase III programs surfaced the same bottleneck every time: CDM teams spending weeks manually translating protocol PDFs into electronic forms, a process prone to errors, expensive to maintain, and impossible to accelerate with the tooling available.

That depth of domain knowledge — knowing exactly where the bottlenecks are, what regulators require, and how CDM teams actually work — is Clinly's structural advantage. Clinly isn't built by engineers guessing at clinical workflows. It's built by someone who worked inside them.

Domain Depth
Hands-on experience across Phase II/III EDC systems and clinical data workflows
EDC Specialist
Built & validated EDC systems for Phase II/III trials
Full-Stack Builder
Sole engineer behind Clinly v1 through v9
Traction

Where We Are Right Now.

Pre-revenue, but not pre-product. Clinly v9 is a fully functional, production-grade automated EDC platform — not a prototype.

Production Platform — v9

Full-stack automated EDC platform built through 9 major iterations. Includes protocol extraction engine, FDA-compliant audit trails, 6-format export engine, CDISC library, multi-role access, and admin portal. Not a demo — a deployable product.

Real Protocol Validation

Extraction engine tested on real clinical trial protocols across two therapeutic programs — a 248-page Phase III oncology protocol and a Phase II oncology study. Full extraction in <60 seconds with CDM review gates.

CRO Conversations Underway

  • CROs in active discovery conversations (Q2 2026)
  • Targeting first verbal expression of interest for Q2 2026 pilot
  • 1 CDM who reviewed v9 and provided structured feedback

Pilot Readiness: Q2 2026

Platform is technically ready for a paid pilot deployment. Seeking first CRO or sponsor partner to run a live Phase II study on Clinly, with full implementation support.

Why the Timing Is Right

Protocol extraction reached clinical-grade accuracy in 2023–2024. Trial volume hit post-pandemic records in 2025. Legacy vendors (Medidata acquired by Dassault for $5.8B) are locked into enterprise price floors. The window for an automation-native wedge into the mid-market is open — and narrowing.

Honest status: Pre-revenue, pre-customer. But the platform is built, tested on real protocols, and ready for a first paid deployment. We're raising to fund the GTM motion, not to build the product.

The Problem

Clinical Data Management
is Stuck in 2003.

The $70B EDC market runs on legacy platforms that require armies of specialists, months of manual setup, and produce data locked inside proprietary formats.

12–16 Week Builds

Every new clinical trial requires a full manual EDC build — forms, logic, visit schedules — by expensive specialists who take weeks to digitize a single PDF protocol.

Traditional Build12 Weeks

$200K+ Per Study

EDC setup, programming, validation, and maintenance costs eat 15–20% of total trial budgets. Change orders for protocol amendments cost $20K–$80K each.

EDC as % of trial budget
15–20%

Proprietary Lock-in

Legacy platforms like Medidata Rave charge 6-figure annual contracts while locking data in proprietary formats. Migrating costs more than staying locked in.

Top 3 vendors control
~72% of market
"Clinical trials take an average of 10–15 years and cost over $2.6 billion to bring a single drug to market. The data capture infrastructure is one of the largest levers for cost reduction — and it hasn't been meaningfully innovated in two decades."
Tufts Center for the Study of Drug Development (CSDD), 2023 Outlook Report
The Solution

One Platform. From PDF Protocol to Regulatory Submission.

Clinly replaces the entire EDC stack with a modern, automation-native platform. Upload a protocol PDF on Monday. Have a fully configured, 21 CFR Part 11-aligned study running by Tuesday.

  • Clinly reads your protocol PDF and auto-generates the entire study structure — visits, forms, fields, and CDISC mappings.
  • FDA 21 CFR Part 11-aligned architecture — append-only audit trails, role-based access, and electronic record integrity.
  • Export to any standard at any time: CDISC ODM-XML, Medidata Rave ALS, REDCap, SAS XPT, CSV, or JSON.
  • Human-in-the-loop review gates ensure clinical accuracy before any study goes live.
Build Timeline Comparison
Legacy EDC (Medidata Rave) 12 Weeks
Clinly 7 Days
21× Faster Time-to-Study
Core Feature: Protocol Extraction Engine

87.8% — And Why That's Actually Strong

Clinly extracts 87.8% of protocol structure correctly on first pass — benchmarked against an untuned reference pipeline on the same NEXION3 protocol. The remaining 12.2% is flagged for CDM review via our human-in-the-loop (HITL) gate before anything is published.

For context: manual EDC builds by specialist teams have an estimated 15–25% rework rate due to interpretation errors on first pass (Tufts CSDD). Clinly's automated extraction + CDM review workflow delivers comparable accuracy at 1/20th the time.

Our roadmap target is 95%+ first-pass accuracy by Q3 2026 via fine-tuning on CRO pilot data.

87.8%
First-pass extraction accuracy
vs. untuned reference pipeline, same protocol
HITL
CDM review gate
catches remaining 12.2%
<60s
Full protocol extraction
USDM
Digital twin output
Product

Everything a Trial Team Needs,
Nothing They Don't.

FDA 21 CFR Part 11-Aligned Architecture

Append-only audit trails via PostgreSQL triggers. Every change captured with user ID, timestamp, and old/new values. Filterable audit UI for inspections.

  • Append-only audit log
  • Role-based access (4 tiers)
  • User attribution on every record

Regulatory Export Engine

Six export formats covering every regulatory destination.

CDISC ODM-XML 1.3.2FDA/EMA
Medidata Rave ALSXLSX
REDCap / SAS XPT / JSON+3

CDISC Form Library

Pre-built CDASH-compliant eCRF templates, ready to deploy or customize.

Demographics Adverse Events Vital Signs Labs + more

Multi-Role Admin Portal

Full user management, role assignment, and activity monitoring.

Clinical Data Manager
Medical Team
Programmer
CRA (Monitor)

SQL Query & Reports

Direct SQL access with preset queries for enrollment, AEs, lab trends, and audit trails.

Enrollment Tracking AE Reporting CSV Export
Market Opportunity

A $70 Billion Market
Ready for Disruption.

The global EDC market is large, growing, and dominated by expensive legacy vendors with 20-year-old architectures.

$70B
Total Addressable Market

Global EDC + Clinical Data Management software market (2024). Growing at 12% CAGR through 2030.

8,000+
Active Clinical Trials / Year

New trials registered annually on ClinicalTrials.gov — each requiring EDC setup, data collection, and regulatory export.

$2.6B
Avg. Drug Development Cost

Data infrastructure is 15–20% of this. Clinly targets a 50%+ reduction in EDC costs per study.

Market Sizing

From TAM to Clinly's Beachhead

$70B
TAM

Global EDC + Clinical Data Management software market (2024). 12% CAGR through 2030.

$4.2B
SAM

Mid-market CROs and independent sponsors running 5–50 concurrent trials. Underserved by enterprise-only vendors.

$84M
SOM (Year 3)

~20 CRO customers × avg. $350K LTV. Achievable within 36 months of first paid pilot at current market pace.

SAM/SOM estimates based on IQVIA 2024 CRO market report and internal customer segmentation model.

Competitive Landscape

Platform Setup Time Automated CDISC Export Pricing Model Target
Medidata Rave 12–16 wks $300K+/yr Enterprise
Oracle InForm 8–12 wks $200K+/yr Enterprise
REDCap 2–4 wks Limited Free / Academic Academic
Clinly 7 Days SaaS + Setup CRO + Sponsor
Why Clinly Wins

Four Structural Defensibility Factors

Domain Moat

EDC domain expertise is the real barrier to entry. Competitors can't buy 5+ years of hands-on clinical data management experience — it's baked into every product decision.

Data Flywheel

Every protocol parsed improves the model. Paid CRO pilots generate proprietary fine-tuning data no competitor can replicate — the accuracy gap compounds over time.

Regulatory Depth

FDA/CDISC compliance is not a feature to add later — it's a years-long engineering investment already embedded in Clinly's architecture from v1.

High Switching Cost

Once a trial is live on Clinly, migrating mid-study is operationally infeasible under FDA oversight. Each live study creates durable customer retention.

Revenue Model

Three Revenue Streams.
Compounding Unit Economics.

Stream 1

Setup Fee

High-margin protocol ingestion and EDC setup per trial. Acquired at the moment of highest pain.

Per Protocol
$15K – $50K
depending on complexity
Stream 2

Platform ARR

Monthly seat licenses for ongoing study access, data collection, audit trails, and reports.

Per Seat / Month
$500 – $2K
study teams of 5–25 users
Stream 3

Change Orders

Protocol amendments are inevitable. Each generates a billable migration event — automated and high margin.

Per Amendment
$5K – $25K
avg. 3–5 amendments per trial

Unit Economics: Single Phase II Oncology Trial

Setup Fee$30,000
Platform ARR (18 months × 10 seats)$90,000
Change Orders (4 amendments × $8K)$32,000
Total LTV (Single Trial)$152,000
Cost to Serve (per trial)
AI Compute + Infra~$3,200
Customer Success~$8,000
Gross Margin ~93%
SaaS-Level Margins in a Services Industry
Why Now

Three Tailwinds Converging.

01

Parsing Accuracy Now Clinical-Grade

Protocol extraction has now reached sufficient accuracy for clinical use — making Clinly's automated EDC approach technically feasible for the first time in history.

02

Trial Volume Exploding

Post-pandemic clinical trial registrations are at all-time highs. CROs are overwhelmed and actively seeking automation tools to take on more studies without growing headcount proportionally.

03

Legacy Vendors Left a Gap

Medidata (acquired by Dassault for $5.8B) and Oracle InForm have enterprise price points that exclude the fast-growing mid-market. Clinly is purpose-built for CROs running 5–50 concurrent trials.

Roadmap

From Wedge to Operating System.

Clinly enters via the high-value protocol ingestion wedge, then expands to own the entire trial data lifecycle.

Clinly — Automated EDC Platform

Live Today

Full-stack EDC with automated protocol extraction, 21 CFR Part 11-aligned architecture, multi-format export, CDISC library, role-based access, and admin portal.

2

First CRO Pilot Partnership

Q2 2026

Paid pilot deployment with first CRO partner. Live Phase II study on Clinly infrastructure with full implementation support.

3

Agentic Orchestration Layer

Q3 2026

Multi-agent system (Architect, Builder, Logic, QA) that autonomously constructs EDC databases from protocol input. Humans shift from builders to auditors.

4

CTMS Integration & Full OSCT

2027+

Expand beyond EDC into CTMS, eCOA, and site management. Own the entire study lifecycle and become the operating system layer for clinical trials.

Investment Opportunity

Be Part of the
Clinical Trial Revolution.

Clinly is raising a seed round to fund GTM execution, land the first paid CRO pilot, and hire the first enterprise sales hire. The product is built — we need fuel.

The Ask
$1M
Seed Round
Pre-Revenue
Stage
GTM + Pilot
Primary Use
v9
Production-Ready

Full-stack automated EDC platform built and tested on real protocols — not a prototype

$70B
TAM

Underserved by legacy platforms charging 6-figure contracts for 20-year-old technology

~93%
Gross Margin

Software economics replacing service-heavy incumbents

Use of Funds

Sales & GTM35%

First enterprise sales hire, CRO pilot partnerships, conference presence (DIA, SCDM)

Product & Engineering40%

Agentic orchestration layer, amendment engine, mobile data entry improvements

Compliance & Validation15%

21 CFR Part 11 formal validation, SOC 2 Type II audit, legal counsel

Infrastructure & Ops10%

Enterprise-grade infra, security, uptime, support systems

Let's Build the Future of Clinical Trials Together.

We're selectively partnering with investors who understand the intersection of AI, healthcare, and enterprise SaaS.