Multiply Labs Announces $20 Million Series A To Pioneer Robotic Manufacturing Of Individualized Drugs
Multiply Labs Announces $20 Million Series A To Pioneer Robotic Manufacturing Of Individualized Drugs
04/14/21, 1:06 PM
Location
san franciscoMoney raised
$20 million
Round Type
series a
Multiply Labs, a robotics company developing automated manufacturing systems for the production of individualized drugs, announced today that it has raised $20 million in a Series A financing led by Casdin Capital. New investors Lux Capital and Pathfinder, Founders Fund’s early stage investment vehicle also participated in the round, along with seed investors Fifty Years and Garage Capital. The oversubscribed round brings Multiply Labs’ total funding raised to date to more than $25 million. With this round, Michael Doherty, a personalized medicine pioneer and former head of Regulatory Affairs at Roche and a representative of Casdin Capital will join Multiply Labs’ Board of Directors.
Company Info
Location
san francisco, california, united states
Additional Info
Multiply Labs is a robotics technology company that provides autonomous manufacturing services to the pharmaceutical industry. The company develops advanced, cloud-controlled robotic systems that enable the production of individualized drugs at scale. Its customers include some of the largest global organizations in the advanced pharmaceutical manufacturing space. Multiply Labs’ expertise is at the intersection of robotics and biopharma – its team includes mechanical engineers, electrical engineers, computer scientists, software engineers and pharmaceutical scientists. Most of the founding team got in touch because of their shared love of robots at MIT. The company is based in San Francisco, California. For more information please visit www.multiplylabs.com.