adsilico raises £10M in a Series A funding round to expand its simulation technology for medical device assessment, led by PXN Ventures with participation from Northern Gritstone and Parkwalk.
Amount Raised
£10 Million
Round Type
Series A
Investors
Description
adsilico has raised £10 million in a Series A funding round to enhance AI-powered simulation technology for medical device performance assessment. The round was led by PXN Ventures, with support from existing investors Northern Gritstone and Parkwalk. The funding will help develop the Virtual Chimera platform, which creates virtual patients for testing devices. This innovation aims to improve clinical trial strategies and reduce reliance on animal testing.
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