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Revolution Growth’s Latest Investment in Healthcare and AI: Pathos, the Company Re-Engineering the…

Revolution

Revolution Growth’s Latest Investment in Healthcare and AI: Pathos, the Company Re-Engineering the Drug Development Process The oversubscribed $62M Series C will be used to expand the team, accelerate platform development, and advance its clinical-stage pipeline of precision oncology therapeutics.

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Arizona Biosciences Break New Ground: A Snapshot of a Thriving Innovation Ecosystem

American Entrepreneurship

Startup Formation and Venture Capital Activity Arizonas bioscience innovation engine is also being powered by its universities and startup community. Venture capital activity, though mirroring a national downtrend, remained relatively strong in 2024.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. billion by 2025.

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AI chip startup Axelera lands $27M in capital to commercialize its hardware

TechCrunch

After incubating a startup — Axelera AI — to commercialize their chip technology within the blockchain company Bitfury Group, Del Maffeo and team secured capital from VCs including Imec’s venture arm, Imex.xpand. Axelera’s test chip for accelerating AI and machine learning workloads. billion by 2025.

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Modular closes $30 million seed round to simplify the process of developing AI systems

TechCrunch

Big Tech companies have made helpful contributions, like TensorFlow and PyTorch — AI development frameworks maintained by Google and Facebook, respectively. ” Modular’s solution is a platform that unifies popular AI framework frontends via modular, “composable” common components.

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Axio lands $23M to help companies quantify cyber risk

TechCrunch

Axio , a platform for cybersecurity risk evaluation, today announced the closure of a $23 million Series B round led by Temasek’s ISTARI, with participation from investors NFP Ventures, IA Capital Group and former BP CEO Bob Dudley. Department of Energy. “We have an aggressive product roadmap into 2023,” he said.

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Extra Crunch roundup: Clubhouse UX teardown, YC Demo Day favorites, proptech VC survey, more

TechCrunch

” Here’s who he interviewed: Clelia Warburg Peters, venture partner, Bain Capital Ventures. Christopher Yip, partner and managing director, RET Ventures. There’s a lot going on: The venture capital market is redlining its engines while public markets remain sympathetic to growing, unprofitable companies.

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