A one-year-old San Francisco AI lab with no product on the market has just raised $1 billion, pushing its valuation to $6 billion. Flapping Airplanes, a so-called neolab still developing its core technology rather than selling it, closed the round with Index…
According to Axios, the round was led by Healthier Capital, with Crosslink Capital and Hercules Capital joining as new investors alongside existing backers. Healthcare Dive reports that Suki has now raised more than $250 million across five funding rounds. As part…
Alector had $172.8 million on hand previously, a balance the company had said would last only through 2027, per BioSpace. Those setbacks led to brutal workforce reductions — a 49% downsizing that cut roughly 116 employees, following an earlier 17% layoff wave, per BioSpace. The company…
A robotics startup in San Francisco just landed $75 million to push robots deeper into one of biotech's most stubborn bottlenecks: actually making the drugs. Multiply Labs builds robotic systems meant to automate the manufacturing of gene therapies and CAR-T cell…
The round was co-led by Fidelity Management & Research Company and Amplify, according to a press release from SiMa.ai. Four new institutional investors joined the round: AllianceBernstein, Baron Capital, J.P. Morgan and the State of Michigan. As citybiz reported, the fresh…
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