How much did PLAIO raise?

PLAIO raised €4.3 Million in a Funding Round round on August 14, 2024.

Who invested in PLAIO?

Iðunn is named as investors in this round.

Where is PLAIO based and how big is it?

PLAIO is based in Reykjavík, Capital Region, Iceland. Fundz records about 24 employees.

Who are the decision-makers at PLAIO?

Fundz holds 1 contact at PLAIO. Names and contact details are shown to Fundz members.

PLAIO raised €4.3M in a funding round led by Iðunn to enhance its AI-driven pharma supply chain solutions.

PRIVATEAug 14, 2024

Amount Raised

€4.3 Million

Round Type

Funding Round

ReykjavíkBiotechnologyArtificial IntelligenceMachine LearningPharmaceutical

Investors

Iðunn

Description

Iceland's PLAIO has successfully raised €4.3 million in an oversubscribed funding round. The company specializes in AI-assisted decision support for the pharmaceutical industry, aimed at optimizing supply chain management.

Quick answer

PLAIO raised €4.3 Million in a Funding Round round, dated August 14, 2024. Investors: Iðunn. PLAIO is based in Reykjavík, Capital Region, Iceland.

How much did PLAIO raise?: PLAIO raised €4.3 Million in a Funding Round round on August 14, 2024.
Who invested in PLAIO?: Iðunn is named as investors in this round.
What does PLAIO do?: PLAIO is an AI-assisted decision support platform designed for the pharmaceutical industry.
Where is PLAIO based and how big is it?: PLAIO is based in Reykjavík, Capital Region, Iceland. Fundz records about 24 employees.
Who are the decision-makers at PLAIO?: Fundz holds 1 contact at PLAIO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Pharmaceutical and Biotechnology around the same time

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

Synaptogenix raised $3.2M (Seed) on September 10, 2024.
Safe Superintelligence raised $1B (Convertible Note) on September 4, 2024.
Reliant AI raised $11M (Seed) on August 20, 2024.
Meddenovo Drug Design raised $1.1M (Pre-Seed) on August 2, 2024.
Briefly Bio raised $1.2M (Pre-Seed) on July 17, 2024.
Altrove raised $4M (Pre-Seed) on July 3, 2024.

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Company Information

Company

PLAIO

Location

Reykjavík, Capital Region, Iceland

About

PLAIO is an AI-assisted decision support platform designed for the pharmaceutical industry. Co-founded by industry veterans, the company addresses critical gaps in pharma supply chain planning, an area where many companies still rely on outdated spreadsheets. PLAIO's solutions leverage AI and prediction algorithms to optimize sales, operations, and supply chain management. With a 200 percent growth in its client portfolio over the last year, the company aims to transform inefficient methods in the pharmaceutical sector.

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PLAIO 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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