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Great Bay Bio Completes A Near Usd 10M Series A Fundraising

Great Bay Bio Completes A Near Usd 10M Series A Fundraising

12/01/21, 2:00 AM
Round Type
series a
Great Bay Bio (hereinafter referred to as "GBB") is pleased to announce today the completion of its near USD 10M series A fundraising led by Proxima Ventures. The round was oversubscribed and upsized with participation by many new and existing institutional investors. The investment will accelerate the global commercialization of three GBB AI-driven innovative bioprocessing platforms, namely Klone4.0TM, an AI-enabled cell line selection platform, AlfaStaX®, an AI-enabled cell line stability prediction platform and AlfaMedX®, an AI-enabled cell culture media development platform.

Company Info

Company
Great Bay Bio
Additional Info
Great Bay Bio (GBB) is a Hong Kong-based high-tech enterprise dedicated to applying artificial intelligence and other cutting-edge technologies in CMC bioprocessing, ultimately solving numerous pain-points of biopharmaceutical industry, including high failure rates, long development timeline and high costs. Since the company's establishment, it has accumulated massive bioprocessing development data from its 3100 m2 CMC facility, which bolster advance equipment from world-renowned manufacturers. GBB has also successfully brought a number of biologic products to NDA stage, some of which are classified as national class I innovative drugs. Currently, the company has created an intelligent centralized database, where deep learning is being performed to create a next generation, all-encompassing AI-enabled bioprocessing ecosystem. GBB has attained the titles of National "High-Tech Enterprise" twice in a row by the National High-Tech Enterprise Certification Management Leading Group Office, "Sprouts List Most Valuable Enterprises for Investment in China for the Year 2020" by the Zero2IPO Group, "Top 50 Innovative Biotechnology Companies in Guangdong-Hong Kong-Macao Greater Bay Area Award 2020" by ZDVC RESEARCH and KPMG China, and ranked Top 15 in the 2021 Merck Greater Bay Area Innovation Bootcamp. Contact: yt.liu@greatbay-bio.com; kh.li@greatbay-bio.com SOURCE Great Bay Bio

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