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Follow the Money: AI-Powered Drug Discovery, Remote Access Labs

July 1, 2021 July 1, 2021 | Insilico Medicine closes a Series C for AI-powered drug discovery, while other investments fuel remote access labs, natural products, high throughput screening, and more. $550M: VC Fund for Therapeutics for Unmet Needs venBio has announced the closing of venBio Global Strategic Fund IV, LP (“venBio Fund IV”), its fourth life sciences venture capital fund, exceeding its target and closing on approximately $550 million in capital commitments in an over...
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Gridware Raises $5.3M in Seed Funding

Gridware, a Walnut Creek, Calif.-based wildfire prevention technology company, raised $5.3m in seed funding. The round was co-led by Fifty Years and True Ventures, with participation from Y-Combinator, Liquid 2 Ventures, Wireframe Ventures, SOMA Capital, Anorak Ventures, and other funds and angels. The company intends to use the funds to accelerate its engineering and R&D efforts and expand its utility partnership network. Co-founded by Hall Chen, Tim Barat, and Abdulrahman Bin Omar, G...
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Allbirds is investing in plant-based leather substitute as it looks to further green its supply chain – TechCrunch

Allbirds is investing in a plant-based leather substitute, plans faux-leather shoe drop in December The sustainability focused shoe maker Allbirds has taken another step to green its supply chain with a small $2 million investment in a new company called Natural Fiber Welding. Announced this morning, the investment in Natural Fiber Welding will see Allbirds bring a vegan leather replacement option to customers by December 2021. It’s a natural addition for a company that has always billed itse...
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The team behind Jumpcut and SnappyTV is building a new collaborative video tool – TechCrunch

The team behind Jumpcut and SnappyTV is building a new collaborative video tool Mike Folgner has had his share of success building video editing tools, having sold Jumpcut.com to Yahoo and SnappyTV to Twitter. But as he explained in a new Medium post, he still sees “unfinished business” in the video industry. “Today, most major productivity software categories have made the leap from desktop software to the web,” Folgner wrote. “Despite significant progress in web technology, professi...
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