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Faro AI Raises $37.3M in Series B Funding to Enhance AI Capabilities.

PRIVATEAug 26, 2026•about 3 hours ago

Amount Raised

$37.3 Million

Round Type

Series B

San DiegoBiotechnologySoftwareArtificial IntelligenceMachine Learning

Investors

Ankona CapitalZettaPtx CapitalPolaris PartnersNorthpond VenturesGeneral CatalystS32Merck Global Health Innovation Fund

Description

Faro AI, Inc., a San Diego-based developer of AI infrastructure, secured $37.3M in Series B financing. The round was co-led by Merck Global Health Innovation Fund and S32, with participation from existing and new investors. Funds will be used to expand agentic AI capabilities and support their client work. Faro serves pharmaceutical and biotechnology organizations.

Company Information

Company

Faro AI

Location

San Diego, California, United States

About

Faro AI, Inc. is a developer of a structured data and AI infrastructure for modern clinical development. The company provides a system that translates complex scientific, medical, regulatory, and operational concepts into structured intent for software and AI agents. Faro serves pharmaceutical and biotechnology organizations and aims to enhance its agentic AI capabilities with its recent funding. Led by CEO Scott Chetham, Faro focuses on helping development teams automate workflows across the clinical development lifecycle.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Faro AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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