$20B in new funding across the nation; here’s a look at the top rounds. Everything you need to need to know about the largest US startup funding rounds of February 2022; broken down by industry, stage, investors, and more…
Alexandria Venture Investments
Terray Therapeutics Raises $60M to Use AI to Accelerate Drug Development
According to a recent study published in JAMA, the average development cost for a drug that’s approved by the FDA is $1.3B based on 62 recently approved candidates. Other estimates show that it can be as high as $2.8B. A large portion of the cost is derived from time spent in development. AI is now being used to address increasing costs by making the development of new pharmaceuticals quicker, cheaper, and more effective. Terray Therapeutics is an AI-powered drug discovery and development platform that focuses on applying machine learning to understand and precisely measure molecular design. Drug discovery relies on understanding the biochemical interactions between small molecules and causes of disease and Terray’s biocomputational engine is able to sort through and compare the properties of millions of small molecules in a fraction of the time it would take through traditional discovery processes. By reducing the time to identify the most effective properties, drug developers can then get to candidates to optimize quicker and also accelerate time to trial. LA TechWatch caught up with Terray Therapeutics CEO Jacob Berlin to learn more about the inspiration for the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $20M, and much, much more…
The Weekly Notable Startup Funding Report: 12/27/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 12/25/21 featuring funding details for Kneron, Overjet, and seven other rounds that you need to know about.
The Weekly Notable Startup Funding Report: 11/1/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 10/30/21 featuring funding details for Devo, Ontra, Dragos, and twenty other rounds that you need to know about.
The 12 Largest US Tech Startup Funding Rounds of March 2021
$20.2B raised by US startups in March. Here’s a roundup of the largest funding rounds.
These are the 15 Largest US Tech Startup Funding Rounds of August 2019
Everything you need to need to know about the largest US startup funding rounds for August of 2019; broken down by industry, stage, investors, and more…
These are the 10 Largest US Tech Startup Funding Rounds of June 2019
These are the 11 Largest US Startup Funding Rounds of August 2017
Armed with some data from our friends at CrunchBase, I broke down the 11 largest rounds in the US during the month of August. I have included some additional information such as industry, round type, location of the startup, investors in the round, and date of funding to further the analysis. To maintain a focus on tech-enabled startups, […]