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Portfolio News
Somite AI Raises $47M Series A To Reinvent Cell Replacement Therapy
Startup Somite AI announced today that it has raised over $47 million in a Series A funding round, bringing its total funding to about $60 million. The round was led by Khosla Ventures, with participation from SciFi VC, the Chan Zuckerberg Initiative, Fusion Fund, Ajinomoto Group Ventures, Pitango HealthTech, TechAviv, Harpoon Ventures, and prominent angel investors such as Fidji Simo, the new CEO of Applications at OpenAI.
Flytrex Achieves 100,000 Drone Deliveries, Pioneering Airborne Food Service In The US
Flytrex completes milestone deliveries, leveraging high-speed drones for rapid on-demand service in food delivery business.
This Startup Wants To Be OpenAI Of Stem Cell Therapy, Targets $250B Market
Five scientists walked into a lab late last year and decided to establish a startup combining their wide-ranging expertise, practical experience and breakthrough innovations. The goal of their startup, Somite.ai, is to improve the lives of millions of people by leveraging AI to produce human tissue for cell therapies. The market for the therapies for the diseases they aim to address is estimated at $250 billion.
Naftali Bennett and Michal Tsur unite at Remepy: Former PM joins Board
This is the third high-tech board Bennett has joined since he left politics, previously joining AI cyber company Lasoo and quantum computing startup Quantum Source. Tsur and Bennett founded Cyota in 1999 together with Ben Enosh and Lior Golan and sold it to RSA Security in 2005 for $145 million.
Cybersecurity automation firm Torq lands $42M in expanded Series B
Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors, including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners, and Evolution Equity Partners.