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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.,
While Amsterdam garners the lion’s share of attention in the Netherlands tech ecosystem, the not-so-far-away region around Utrecht has its fair share of tech startups and investors, as is evidenced by our latest survey of locals, below. What industry sectors is your tech ecosystem strong in? Utrecht is a bit lagging.”
Research shows that startups are most likely to fail due to a lack of resources, inadequate planning and loss of focus. To turn our situation around, my team and I created a roadmap, setting quarterly development goals with a focus on high-impact tasks. One wrong move can waste the entire budget, leaving the company on the brink.
While Madrid and Barcelona tend to attract the buzz when it comes to tech startups in Spain, Valencia is slowly and surely making a name for itself as a growing tech ecosystem. The city appears to be strong in areas such as travel, AI, cybersecurity, fintech, agritech, travel tech, biotech, sports tech, and VR.
If you were to accidentally drop the eye sensor developed by Injectsense you’d have little chance of finding it. Injectsense, a startup founded in 2014, has developed an ocular implant smaller than a grain of rice. Breakthrough device designations allow for a slightly faster review process).
Automated driving company Wayve , data preparation company Scale AI and AI biotech company Xaira Therapeutics each raised billion-dollar rounds. Healthcare and biotech was the second-largest sector, raising $17 billion. Hardware companies — in large part due to AI infrastructure and semiconductor fundings — raised $11 billion.
Sunny Kumar, MD, MBA is a partner at GSR Ventures, an early-stage venture capital firm focused on healthcare technology with more than $3.5 Neurodegenerative disease is a major target for digital biomarker developmentdue to a lack of easily accessible indicators that can help providers diagnose and manage these conditions.
Discovery and research of new molecular compounds is an expensive business, with development costs exceeding $10 billion per substance in some cases. Nanome streamlines this process by bringing researchers to the same virtual reality space to work on molecule development together.
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