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startups raised half a billion dollars apiece, and another eight raised $100 million or more, with industries from cybersecurity to biotech to AI represented. tied) Insider , $500M, digital marketing: Marketing tech platform Insider raised a $500 million Series E led by General Atlantic to fund its expansion in the U.S.
In a previous era, aspiring journalists relocated to New York, would-be actors made pilgrimages to Hollywood and plucky tech founders moved to the Bay Area so they could attract capital and talent. A prep checklist for startups about to undergo technicalduediligence. Development process. Budding Biotech.
That’s why we weren’t very surprised when a slew of investors told us they rarely see a biotech startup that doesn’t incorporate AI in some form or other these days. But despite becoming quite the buzzword, AI’s apparent ubiquity in biotech isn’t actually driving deal flow or higher valuations.
Given this success, many biotech companies are looking to move on to the next phase of their organizational growth — which may mean an initial public offering. As optimism grows, market conditions may stabilize in 2025 — particularly in the wake of the recent interest rate cuts — and more biotech companies may consider offerings.
Medical and biotech had a strong showing at Y Combinator’s latest demo day , with nearly a dozen companies in the space catching my eye. LiliumX is taking the algorithmic approach to generating potential antibody stuctures that could be effective, as many AI-informed biotech companies have before it. Startups take on big pharma.
As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.
In fact, it took $200 million or more to make the list last month, as defense tech and cybersecurity led the way. Lambda is also a provider of the latest GPUs by Nvidia , which are highly sought after by AI developers. Eikon Therapeutics , $351M, biotech: Eikon Therapeutics raised one of the biggest biotech rounds thus far in 2025.
To a great degree, the largest rounds of the year went to a handful of AI companies working on large language models and underlying technologies to scale them. While the Boston startup scene is famous for biotech and deeptech talent, the city has lagged other hubs in creation of ultra-high-valuation AI unicorns. billion in all of 2023.
With the constant advancements in technology and research, businesses in this sector require leaders who possess a deep understanding of the scientific landscape and the business acumen to drive growth and innovation. The life sciences industry is known for its unique challenges in recruiting and hiring.
When you think of life sciences and biotech hubs in the U.S., Portal Innovations , a biotech VC firm based in Chicago, is trying to broaden everyone’s horizons and give opportunities to biotech startups growing out of labs in Chicago, Atlanta, and hopefully beyond. As AI pervades biotech, what are investors looking for in 2023?
Venture money wasnt concentrated in just one sector, as VCs invested in everything from artificial intelligence to biotech to energy. The Norwalk, Connecticut-based firm did not disclose investor names, instead saying it came from a private investor whose portfolio focuses on global technology and real estate investments.
Enterprise tech and AI Cerebras Systems : Yes, this one is kind of cheating. national security review on UAE-based G42 ‘s minority investment in the AI chipmaker. national security review on UAE-based G42 ‘s minority investment in the AI chipmaker. Its a good time to be an AI chip developer. That made sense.
Now, certain industries are emerging as potential areas where New Zealand can win in the tech space. Deep tech, medtech/biotech, climate tech, and crypto and blockchain are all areas that investors say they’re either actively investing in or watching for signs of scale. New Zealanders make really good founders.
The whole human proteome may be free to browse thanks to DeepMind , but at the bleeding edge of biotech new proteins are made and tested every day, a complex and time-consuming process. At first Glyphic would be processing samples sent to them, but ultimately their tech could live in other labs as their competitors do now.
iRocket is earmarking $50 million over the next five years for the testing and development of its reusable engines and launch vehicle. Malik pointed out that the sale of Aerojet Rocketdyne to Lockheed Martin — which is still under review by the Federal Trade Commission — is going to leave a gap in the market.
Nerdio , $500M, information technology: IT professionals are stretched pretty thin these days, so it makes sense that a company that helps automate some of their work could raise big. Latigo Biotherapeutics , $150M, biotech: Many patients shy away from taking opioids while many doctors are reluctant to prescribe the painkillers.
Now tech companies across industries are poised for an even better year, according to more than a dozen investors we talked to in the country. Other investors felt that a broader range of industries, like fintech and biotech, would eventually produce the biggest companies in the country. Oh, and one more thing.
5 investors discuss Boston’s resilient tech ecosystem Boston’s university-to-startup pipeline defies downturn to grow and diversify In order to build a startup culture, a city or region needs some key elements in place – like an innovation engine to drive startup ideas. It also has a long history of innovation and a rich tech legacy.
AgBiome , developing products from microbial communities, brought in a $116 million Series D round as the company prepares to pad its pipeline with new products. The company, based in Research Triangle Park, N.C., was co-founded in 2012 by a group including co-CEOs Scott Uknes and Eric Ward, who have known each other for over 30 years.
Planted appeared in 2019 as a spinoff from Swiss research university ETH Zurich, where the founders developed the original technique of extruding plant proteins and water into fibrous structures similar to real meat’s. is still a question mark due to COVID-19 restrictions on travel. Over time the process has improved as well.
“InstaDeep happened to be quite different from other companies in our pipeline as they were actually into deep tech versus applying technology to a certain sector, where basically, you become an operator in that sector. And it was also interesting, especially in Africa, where such companies are quite rare.
It speaks to the speed with which genetics has permeated our lives, but despite massive improvements to the technology, the process can still be a bit clunky in the lab. What I noticed was that the existing technologies for moving, mixing and heating fluids were archaic,” he said. “I And that sample has to get prepped the right way.
The biggest was in New York-based mortgage servicing platform Valon Technologies ’ $100 million Series C led by WestCap. million Series C for San Francisco-based Infinitus Systems , which has developed an AI platform specifically built to automate manual healthcare phone calls. The largest round the company led was a $51.5
The launch of ChatGPT in November 2022 set off a generative AI gold rush, with companies scrambling to adopt the technology and demonstrate innovation. IT analyst Forrester listed gen AI for language and AI agents as two of its top 10 emerging technologies for 2024.
More than a half dozen startups raised $100 million or more, as investors went big on robotics and legal tech. The robotics startup will use the fresh cash to develop its humanoid robot designed for industrial work, Apollo. Harvey develops AI tools that help legal pros with research, document review and contract analysis.
AI, biotech, space tech and cybersecurity also saw good-sized raises. Then, late last year, Cruise suspended its self-driving taxi program across the country after losing its permit to operate in San Francisco due to an incident with a pedestrian. Alzheon , $100M, biotech: Alzheon was the next biotech to raise big this week.
Previously relegated to underground communities and rave culture, drugs like ketamine, MDMA (commonly known as ecstasy) and psilocybin are now being studied to develop therapies to treat everything from PTSD to cluster headaches. We are most excited by drug developers. billion in part due to their cannabinoid portfolios.
Persephone Biosciences is a biotech startup that — with the help of $15 million and a lot of poop — is building a library of the human microbiome and assembling a best-of list of helpful life forms that could do everything from easing digestion to fighting serious disease. Persephone’s all-in-one “poop kit.”
Amongst these questions are actual costs of therapies, reimbursement coverage, the commercialisation strategy for psychedelic drug development companies, resource bottlenecks with the therapists’ supply and infrastructure, etc,” they told TechCrunch+. Drug development is very costly, and start-ups are having a harder time raising cash.
At N2Growth, we approach the healthcare leadership market with a nuanced lens, drawing on decades of industry experience to ensure that leaders possess the necessary technical expertise and the resilience, strategic insight, and emotional intelligence essential for inspiring teams and shaping the future of patient care.
When the timing was right, Chavarin honed her skills to do training and coaching work and eventually got her first taste of technology as a member of Synchrony’s intelligent virtual assistant (IVA) team, writing human responses to the text-based questions posed to chatbots.
Normally, a CCO develops ideas about what the market needs and communicates them to a design team, which produces sketches to then be reviewed by the CCO. As the technology exhausts its honeymoon period, and companies in all industries find new ways of using it to get ahead of the competition, a new race is on.
A smaller proportion of global venture capital went to Europe-based startups in the first quarter 11%, down from 16% in 2024 in large part due to one outsized round in the U.S.: North America has seen an increase in recent quarters due to large fundings in the AI sector. Early stage Early-stage companies in Europe raised $5.4
He puts his tally for the number of applications he’s reviewed in the “tens of thousands.” What I’m looking for is technical excellence on the team,” Caldwell said. If anyone can answer that, it’s Dalton Caldwell, managing director and group partner for YC. They tend to get ripped off.
In 2020, Scottish startups collectively raised £345 million, according to Tech Nation, and with nearly 2,500 startups, it has the highest number of budding tech companies outside London. However, the city’s tech scene is apparently lackluster when it comes to legal tech, blockchain and consumer-facing technology.
On Tuesday, R-Zero, a pandemic-era biosafety company, announced the acquisition of CoWorkr — a company that develops room occupancy sensors. With the acquisition of CoWorkr, R-Zero plans to develop an internet of things-style sensor network to manage both personnel and cleaning in the workplace, says R-Zero founder Grant Morgan.
The world’s labs are under pressure to do more tests and process more materials, not just due to COVID but from the growing biotech and drug development sectors — and automation is the sure path forwards. When we last talked with Automata in 2019 , the company had just raised a $7.4M
While the IPO market wasn’t especially active, we did see a handful of public offerings, predominantly in the biotech sector. billion went to late-stage and technology growth deals in Q3 of 2024. Below, we chart both round counts and total investment for late-stage and technology growth deals over the past five quarters.
Scopio has developed a scanner, called Scopio100x , capable of imaging that whole blood sample, while maintaining the ability to achieve 100x magnification. Once samples are scanned in the lab, they could be reviewed by hematologists working from anywhere. You can zoom around in one of the images here. Image Credits: Scopio.
Meatable has a long road ahead of it, because, as Gates acknowledged in his interview with MIT TechnologyReview (ed. These products don’t get at the full potential for cellular technology according to Daan Luining, Meatable’s chief technology officer. ” For Meatable right now, price remains an issue.
Pet pharmacy Mixlab has developed a digital platform enabling veterinarians to prescribe medications and have them delivered — sometimes on the same day — to pet parents. He met Kim, a user experience expert, whose family owns a pharmacy, and wanted to bring technology into the industry. We kept that in mind when starting Mixlab.
She personally struggled to conceive due to irregular menstrual cycles and was told by doctors to come back after she turned 35 to be evaluated then. and has spent the past four years focused on getting the technology to work as accurately as possible, she said. in biomedical sciences with a focus on genetics. Image Credits: Oova.
Biotech took center stage, notching three of the top four rounds. Obsidian Therapeutics , $161M, biotech: It was another big week for biotech startups raising huge sums of cash. Obsidian is a clinical-stage biotechnology company developing engineered cell and gene therapies.
a biotech company focused on developing “organ-on-a-chip” technology, closed an $82 million Series E round on Tuesday. The NIH has launched them into spac e to study the effects of spaceflight, and has been developing tissue chip testing and validation programs since 2010. Emulate Inc.,
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