CytoReason just closed $80 million in Series B!
Among the investors are three of the world's leading companies – NVIDIA, Pfizer, and Thermo Fisher Scientific.
Why did these industry leaders invest in CytoReason? And why now?
Let me explain with a story from the past.
On January 24, 1848, James Marshall accidentally found gold in the American River. The news of the discovery sparked the California Gold Rush, bringing 300,000 people from across the US and beyond.
But only a few struck it rich. Truth be told, gold panning seldom yielded anything of substantial value.
Enter Levi Strauss, an immigrant from Bavaria. In 1853, he opened a dry goods company in San Francisco, recognizing a need for durable clothing and tools among hardworking miners. This is the origin story of Levi’s blue jeans.
Strauss empowered the miners. He gave them the tools and clothing to increase the probability of finding gold. As an individual, he brought more value and made more impact than any one gold miner.
In pharma, the gold is the new drug. The mine is the data. There’s plenty of data, and it just keeps growing at an amazing pace. What’s sorely missing is interpretation at scale – a better understanding of the disease biology and of the treatment landscape – major barriers for precision medicine.
We founded CytoReason eight years ago to bridge this gap. Our work was based on my lab’s research at the Technion - Israel Institute of Technology, where we developed innovative algorithms to systematically get more bang for the buck from biological data.
CytoReason’s goal was always the same. Not to find gold, but - like Levi Strauss' contribution to the miners - to EMPOWER scientists and decision-makers with the tools to increase the probability of developing successful drugs.
We built the computational disease model to integrate multi-modal data, simulate disease biology, and predict treatment effects.
This investment will help CytoReason build more disease models in more therapeutic areas. It will improve the accuracy of our existing models with proprietary data from new partnerships, just like our partnership with the Crohn's & Colitis Foundation.
None of this would be possible without the Technion’s belief in a strong academic-industry engagement – which ensures that innovation makes real-world impact.
I want to thank David H., CytoReason’s co-founder and CEO, and co-founders Elina Starosvetsky, Renaud Gaujoux, Ksenya Kveler and Yuval Kalugny for their vision in making CytoReason what it is today.
Special thanks to CytoReason employees (Cytos). They’re the ones building complex models and transformative technology. I’m aware of the personal sacrifices they make. I deeply appreciate their dedication.
And of course, thank you NVIDIA, Pfizer, Thermo Fisher, OurCrowd, and Asymmetry Ventures, for your trust in CytoReason.
This is a big day for CytoReason, drug developers, and patients worldwide.
Read press release here:
https://lnkd.in/euKUAQAG