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Overview
Persist assist pharmaceutical companies in developing long-acting formulations 50% faster. Because the formulation development process is manual and relies on scientific intuition, it takes a pharmaceutical company 5-10 years to develop a long acting formulation for a drug. This effort is divided into five years of pre-clinical development and five years of clinical testing. Their goal is to use machine learning and automation to reduce the time required for pre-clinical formulation development to three months, making the formulation development process 50% faster.
About
Biotechnology, Artificial Intelligence (AI), Machine Learning
2022
11-50
Headquarters locations
United States, North America
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Profile Resume
Persist AI headquartered in United States, North America, operates in the Biotechnology, Artificial Intelligence (AI), Machine Learning sector. The company focuses on Biotechnology and has secured $108.0M in funding across 24 round(s). With a team of 11-50 employees, Persist AI is actively contributing to advancements in Biotechnology. Their latest funding round, Seed Round - Persist AI, raised $4.0M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
2
6
0
$4.5M
Details
2
Persist AI has raised a total of $4.5M in funding over 2 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2023 | Seed | 500.0K | ||
2023 | Seed | 4.0M |
Investors
Persist AI is funded by 11 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Fellows Fund | - | FUNDING ROUND - Fellows Fund | 4.0M |
Matt Fates | - | FUNDING ROUND - Matt Fates | 4.0M |
Innospark Ventures | - | FUNDING ROUND - Innospark Ventures | 4.0M |
Persist AI | - | FUNDING ROUND - Persist AI | 4.0M |
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