Israeli Biotech CytoReason Raises $130M to Revolutionize AI-Driven Disease Modeling and Drug Development

July 19, 2024
Israeli Biotech CytoReason Raises $130M to Revolutionize AI-Driven Disease Modeling and Drug Development
  • Israeli biotech startup CytoReason has secured a total of $130 million in funding.

  • The recent $80 million investment came from investors such as OurCrowd, NVIDIA, Pfizer, and Thermo Fisher.

  • Nvidia's participation underscores its focus on AI technology investments, marking over 30 AI-related investments by the end of 2023.

  • CytoReason specializes in AI-driven disease modeling.

  • The funding will be used to expand CytoReason's models, data, and establish a US office in Cambridge, Massachusetts.

  • A strategic collaboration with Pfizer includes an initial $20 million investment, potentially reaching $110 million by 2027.

  • Partnerships with Pfizer and leading data organizations have helped CytoReason scale its AI-powered disease models.

  • CEO David Harel highlights the importance of data modeling in pharmaceutical R&D and aims to streamline drug development processes to benefit patients globally.

Summary based on 6 sources


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