PHARMACY software start-up StrongRoom AI has entered administration, according to a report in the Australian Financial Review.
The board concluded that StrongRoom was insolvent or close to insolvency, given uncertainty about its funding, despite being valued at $70 million just two weeks ago.
The company had developed software products StrongER, which tracks the movement of controlled drugs, and StrongPro, an AI predictive analytics tool linking pharmacies and communities through health campaigns and streamlined workflows.
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