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6 investors discuss why AI is more than just a buzzword in biotech

TechCrunch

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.

Biotech 242
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The Week’s 10 Biggest Funding Rounds: Crusoe Energy, Insider And Biotech Raise Big

Crunchbase News

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) Crusoe Energy Systems , $500M, energy: This is not the first time Crusoe has made this list. billion valuation in the process. Founded in 2018, the company has raised $1.2

Biotech 107
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This VC built a lab to make building biotech startups easier

TechCrunch

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?

Biotech 203
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Holmes’ sentencing sends a clear message that the startup ecosystem must be built on good faith

TechCrunch

Sure, due diligence matters in the investment process, but lying about your capabilities can undercut the founder-investor relationship — and in extreme cases, to the detriment of the larger, global startup market. Soon she was the CEO of a company with a $10 billion valuation, but it turned out that the technology didn’t work.

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I’ve never seen so many crap startups

TechCrunch

We featured generative AI companies five years before the popular investors took notice and climate tech 2.0 We’re seeing input/output startups that want to rewrite the rules of recycling and purification with new tech. It’s deep tech but actionable. Silver tech – Life expectancy is on the rise and the U.S.

Biotech 221
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FDA decision to allow over-the-counter hearing loss technology will be a catalyst for innovation

TechCrunch

The hearing loss market has long been dominated by a handful of legacy players with little incentive to innovate due to outdated regulations and social stigma. On Monday, the FDA announced that hearing aids and other hearing technology can now be sold over the counter. But a new ruling from the U.S.

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Southeast Asia health tech platform Speedoc raises $28M

TechCrunch

Speedoc , a health tech platform that brings hospital care to homes, has raised $28 million in pre-Series B funding. Patients are able to receive frequent medical reviews, 24/7 nursing, intravenous therapies, blood tests and in-person visits. ” ‘Move fast and break things’ is a bad idea for health tech startups.