Protai Adds $12 Million To Seed Round - Bringing The Total To $20 Million - To Build An Oncology Drug Discovery Pipeline
Amount Raised
$12 Million
Round Type
Seed
Tel AvivSoftwareData And AnalyticsArtificial IntelligenceInvestors
Description
Protai, a proteomics and AI-powered drug discovery startup revolutionizing the way new drugs are discovered, today announced that it has added $12 million to its seed round, bringing the total amount to $20M. The round includes existing investors Grove Ventures and Pitango HealthTech and was joined by Copenhagen-based Maj Invest Equity Fund. The additional funding will be used to build Protai's oncology drug discovery pipeline, expand data acquisition as well as increase its discovery activities via pharma partnerships.
Quick answer
Protai raised $12 Million in a Seed round, dated March 15, 2023. Investors: Maj Invest Equity Fund, Pitango Health Tech and Grove Ventures. Protai is based in Tel Aviv, Tel Aviv District, Israel.
- How much did Protai raise?
- Protai raised $12 Million in a Seed round on March 15, 2023.
- Who invested in Protai?
- Maj Invest Equity Fund, Pitango Health Tech and Grove Ventures are named as investors in this round.
- What does Protai do?
- Protai has built an end-to-end AI-based platform that comprehensively maps the course of disease on the protein level, enhancing the ability to observe cellular function and improve the way new drugs are discovered.
- Where is Protai based and how big is it?
- Protai is based in Tel Aviv, Tel Aviv District, Israel.
- Who are the decision-makers at Protai?
- Fundz holds 1 contact at Protai. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Data And Analytics and Software around the same time
Companies in the same sectors as Protai that raised within 45 days of this round, from Fundz verified event records.
- BrainBox AI raised $20M on April 28, 2023.
- Pinecone raised $100M (Funding Round) on April 27, 2023.
- Blackbird.AI raised $27M on April 25, 2023.
- Augmentir raised an undisclosed amount (Funding Round) on April 18, 2023.
- Celestial AI raised $96M on April 11, 2023.
- Pinecone raised $100M on April 10, 2023.
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