Also - encrypted medical information sharing, AI-powered pharma procurement platforms

July 4, 2022

3 Min Read

Also - encrypted medical information sharing, AI-powered pharma procurement platforms

Every week, AI Business brings you the latest startup news.

From funding rounds to acquisitions, and product launches to partnerships, AI Business covers all things artificial intelligence.

Be sure to check out the deals and products roundup and subscribe to the AI Business newsletter to get content straight to your inbox.

Funding blitz

Startup: Gloat - New York-based AI recruitment platform that can be integrated with companies existing job boards.

Latest funding: $90 million, series D

Lead investors: Generation Investment Management

Other investors: Accel, Eight Roads Ventures, Intel Capital, Lumir Ventures

Funding plans: Gloat plans to use the funds to increase its team size and expand globally.

-

Startup: Insilico Medicine - Hong Kong-based AI drug discovery company.

Latest funding: $60 million, series D

Lead investors: Warburg Pincus, B Capital Group, Qiming Venture Partners

Other investors: BHR Partners, Insilico's founder and CEO, Alex Zhavoronkov, Ph.D., also invested in the round.

Funding plans: Capital raised in the round will further fuel the growth of Insilico’s lead program which is currently in a Phase I study, and continued development of its Pharma.AI platform.

-

Startup: Modular - newly emerged from stealth, this startup is developing software to make AI systems earlier to develop.

4478.jpg

Latest funding: $30 million, seed funding

Lead investors: GV

Other investors: Greylock, The Factory, SV Angel

Funding plans: Having just emerged from stealth, Modular now plans to expand its team and get its platform ready for launch.

-

Startup: Wondr Medical - Developers of an encrypted web and mobile software platform that allows medical professionals to discuss and share clinical information.

Latest funding: $14.5 million, seed fundinnderg

Lead investors: Advent Life Sciences, So Capital

Funding plans: Capital will be used to drive the expansion of its Wondr Medical Rooms mobile app.

-

Startup: Vamstar - London-based startup creating AI-powered sourcing and procurement platform for medical supplies and pharmaceuticals.

 Latest funding: $9.5 million, series A

Lead investors: Alpha Intelligence Capital, Dutch Founders Fund

Funding plans: Vamster aims to use the cash to accelerate its market and product development plans.

-

Startup: AI Squared - Vermont-based startup providing ML integration tools for web-based applications.

Latest funding: $6 million, seed round

Lead investors: NEA

Other investors: Ridgeline Partners

Funding plans: AI Squared will now look to grow its engineering team and expand its employees in both sales and marketing.

-

Startup: Zing Data - San Francisco-based app for collaborative business intelligence and visualization needs.

Latest funding: $2.4 million, seed round

Lead investors: , Kindred Ventures, Correlation Ventures

Funding plans: Zing now plans to grow out its three-person team with a view to building a diverse workforce.

Keep up with the ever-evolving AI landscape
Unlock exclusive AI content by subscribing to our newsletter!!

You May Also Like