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Vevo Therapeutics Launches With Oversubscribed $12M Seed Financing To Discover Better Drugs Using Higher Resolution In Vivo Data Generated At Scale

Dec 08, 2022over 2 years ago

Amount Raised

$12 Million

Round Type

seed

San FranciscoMachine LearningArtificial IntelligenceBiotechnology

Investors

Camford CapitalAix VenturesMubadala CapitalWing Venture Capital

Description

Vevo Therapeutics, a biotechnology company using its Mosaic in vivo drug discovery platform and next generation AI models to uncover better drugs for more patients, launched today with an oversubscribed and upsized $12M seed financing round. Wing Venture Capital and General Catalyst co-led the round with participation from Mubadala Capital, AIX Ventures, and Camford Capital.

Company Information

Company

Vevo Therapeutics

Location

San Francisco, California, United States

About

Vevo Therapeutics is a biotechnology company using its in vivo drug discovery platform and next generation AI models to uncover better drugs for more patients. The company’s Mosaic platform is the first to make in vivo data generation scalable, with single-cell precision, to capture in vivo context of disease at the first step of drug discovery and to better represent patient diversity in drug response over current in vitro assays. Vevo is using Mosaic to build the world’s largest in vivo atlas of how drugs interact with patient cells and training AI models on its data to find novel targets and drugs undetectable by other technologies. Located in San Francisco, CA, Vevo was founded by a team of inventors and thought leaders who have discovered drugs for “undruggable” targets and invented novel methods in genomics, computational biology, and chemistry. Vevo is backed by leading investors at the intersection of life sciences and technology, including General Catalyst, Wing Venture Capital, Mubadala Capital, AIX Ventures, and Camford Capital. Learn more at www.vevo.ai.

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