Persist AI

Persist AI

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Organization

Contact Information

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

Industries

Biotechnology, Artificial Intelligence (AI), Machine Learning

Founded

2022

Employees

11-50

Headquarters locations

United States, North America

Social

N/A

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.

Employees

imagePlace Christopher Shelner

Christopher Shelner

Co-Founder & COO

imagePlace Karthik Raman

Karthik Raman

Co-Founder & CEO

Funding Rounds

Funding rounds

2

Investors

6

Lead Investors

0

Total Funding Amount

$4.5M

Details

2

Persist AI has raised a total of $4.5M in funding over 2 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2023Seed500.0K
2023Seed4.0M

Investors

Persist AI is funded by 11 investors.

Investor NameLead InvestorFunding RoundPartners
Fellows Fund-FUNDING ROUND - Fellows Fund4.0M
Matt Fates-FUNDING ROUND - Matt Fates4.0M
Innospark Ventures-FUNDING ROUND - Innospark Ventures4.0M
Persist AI-FUNDING ROUND - Persist AI4.0M

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