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Health And Biotech Startups Now Get The Majority Of US Series A Funding

Crunchbase News

This year is shaping up as the first we’ve seen in which biotech and healthcare startups receive a majority of U.S. So far in 2024, biotech and health companies have pulled in around $5.6 The biotech sector’s comparatively strong showing comes as overall Series A dealmaking looks on track to come in a bit above last year’s totals.

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The 10 Biggest Rounds Of March: Wonder, Biotech Headline Big Month

Crunchbase News

Wonder ’s big $700 million raise may have captured most people’s attention last month, but the story when it came for large deals was really biotech. That makes it quite the month for startups looking to develop drugs and therapies for all that ails us. That sector saw seven of the rounds on this list. billion, per Crunchbase.

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Converge Bio raises $5.5M in Seed funding to speed up drug discovery and development with GenAI

Ooda Loop

Converge Bio, a generative AI platform for accelerated drug discovery and development, announced on Wednesday that it has raised $5.5 in Seed funding to speed up drug discovery and development with GenAI appeared first on OODAloop. million in Seed funding, led by TLV Partners.

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The Week’s 10 Biggest Funding Rounds: Another Big Week For Biotech And AI

Crunchbase News

Biotech and AI had another strong week, as the sectors saw two big nine-figure rounds each — including one for $370 million in biotech. Candid Therapeutics , $370M, biotech: Every week there’s a big biotech raise — and this week there’s one that’s really big. Check out last week’s biggest funding rounds here.

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Will enterprises soon keep their best gen AI use cases under wraps?

CIO

The retail industry has no shortage of cases on display where generative AI has shown tangible benefits. They had ChatGPT write the script, and other gen AI tools to create a digital person who reads the script, a scalable process with at least one measurable benefit: speed. And software code is a language.”

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The Week’s 10 Biggest Funding Rounds: Safe Superintelligence Leads With Massive $1B Raise

Crunchbase News

SSI, co-founded by OpenAI ‘s former chief scientist Ilya Sutskever , is looking to develop safe artificial intelligence systems — something that has been in the news a lot recently as fears increase of AI tech being harmful to humans and society. The 3-month-old startup will look to add computing power and hire new talent.

Biotech 114
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The Week’s Biggest Funding Rounds: Food Delivery Startup Wonder Leads Big Week

Crunchbase News

While food delivery led the way, it also was a good week for aerospace, AI, biotech and defense. Metsera , $215M, biotech: It didn’t take Metsera long to get back on this list. After a slow week last week , big rounds saw a good rebound with seven startups raising $100 million or more. billion in 2021. billion, per Crunchbase.

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