AI startup roundup: AI recruitment tools and drug discovery platforms

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

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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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