AI startup roundup: AI recruitment tools and drug discovery platforms
Also - encrypted medical information sharing, AI-powered pharma procurement platforms
July 4, 2022
Also - encrypted medical information sharing, AI-powered pharma procurement platforms
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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.
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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.
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Startup: Modular - newly emerged from stealth, this startup is developing software to make AI systems earlier to develop.
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.
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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.
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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.
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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.
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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.
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