Cradle builds out its protein-design AI platform (and wet lab) with $73M in new funding

Quick Summary:

Using AI to accelerate biotech is fast becoming standard practice, and companies offering services to deploy the tech quickly are seeing big uptake and new investment.

Cradle is one of these, focused on protein design — and it just raised $73 million to build out its labs and team.

After a $24 million A round in 2023, Cradle has been plugging away serving customers in the biotech and pharma spaces.

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Article Details

Author / Journalist: Devin Coldewey

Category: Technology

Markets: United States

Topics: AI Cradle Protein design

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 08:01:00 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23881503

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