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Iterative Scopes Raises $30 Million Series A Financing To Advance Ai-Driven Precision Medicine For Gastroenterology

PRIVATEAug 03, 2021

Amount Raised

$30 Million

Round Type

Series A

CambridgeBiotechnologySoftwareHealth Care

Description

Iterative Scopes, a pioneering company aiming to bring cutting-edge precision medicine to gastroenterology, today disclosed that it has closed a $30 million Series A financing. The round was led by new investor Obvious Ventures, with participation from Eli Lilly, Johnson & Johnson Innovation – JJDC Inc., the venture capital firms Breyer Capital and Seae Ventures, as well as a number of leaders in healthcare, including Lee Shapiro, Zach Weinberg and Nat Turner. The funds will be used to further develop the company’s core algorithmic innovations and to advance its growing life sciences businesses.

Quick answer

ITERATIVE SCOPES, INC. raised $30 Million in a Series A round, dated August 3, 2021. ITERATIVE SCOPES, INC. is based in Cambridge, Maryland, United States.

How much did ITERATIVE SCOPES, INC. raise?
ITERATIVE SCOPES, INC. raised $30 Million in a Series A round on August 3, 2021.
What does ITERATIVE SCOPES, INC. do?
Iterative Scopes is fast becoming the leader in computational gastroenterology through its pioneering application of powerful, proprietary artificial intelligence tools to the practice of gastroenterology and drug..
Where is ITERATIVE SCOPES, INC. based and how big is it?
ITERATIVE SCOPES, INC. is based in Cambridge, Maryland, United States.

Source: Fundz verified event record.

Who else raised in Biotechnology and Software around the same time

Companies in the same sectors as ITERATIVE SCOPES, INC. that raised within 45 days of this round, from Fundz verified event records.

  • Atavistik Bio raised $60M (Series A) on August 24, 2021.
  • Alucio™ raised $4.2M (Seed) on August 23, 2021.
  • Alucio™ raised an undisclosed amount on August 23, 2021.
  • PBS Biotech raised $10M (Funding Round) on August 16, 2021.
  • Streamex Corp. raised $600K (Seed) on July 9, 2021.
  • Zevra Therapeutics, Inc. raised $39M on June 22, 2021.

Who to call at ITERATIVE SCOPES, INC., and when

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Company Information

Company

ITERATIVE SCOPES, INC.

Location

14 Arrow Street

Cambridge, Maryland, United States

About

Iterative Scopes is fast becoming the leader in computational gastroenterology through its pioneering application of powerful, proprietary artificial intelligence tools to the practice of gastroenterology and drug development. It is taking a multi-tiered approach to tackling the challenges of endoscopic-driven disease management. The initial products and services offered by Iterative Scopes aim to identify and standardize relevant insights from endoscopic videos used for detection and monitoring of colorectal cancers and inflammatory bowel disease (IBD). Longer term, the company is building predictive models that can augment clinical trial endpoints and individualized therapeutic selection processes, with the potential to create novel endpoints that are better predictors of therapeutic response and disease outcomes. Spun out of MIT in 2017, the team is based in Cambridge, Massachusetts. For more information, visit www.iterativescopes.com.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

ITERATIVE SCOPES, INC. 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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