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Xilis Raises $70 Million Series A Financing To Advance Diagnostic And Drug Discovery And Development Platform Leveraging Proprietary Microorganosphere™ Technology

Xilis Raises $70 Million Series A Financing To Advance Diagnostic And Drug Discovery And Development Platform Leveraging Proprietary Microorganosphere™ Technology

07/08/21, 12:08 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgdurham
Money raised
$70 million
Round Type
series a
Xilis, Inc., a pioneering company using its MicroOrganoSphere (MOS) technology to guide precision therapy for cancer patients and accelerate drug discovery and development, today announced the close of a $70 million Series A financing. The round was led by Mubadala Capital, joined by new investors including GV (formerly Google Ventures), LSP (one of Europe’s largest healthcare investment firms), Catalio Capital Management, and Duke Angel Network. Current investors Felicis Ventures, Two Sigma Ventures, Pear VC, KdT Ventures, and Alix Ventures also participated.

Company Info

Company
Xilis
Location
durham, north carolina, united states
Additional Info
Based in Durham, North Carolina, Xilis, Inc. is a biotechnology company developing a precision oncology platform that guides treatment decisions for oncologists to improve cancer care outcomes for patients and supports drug discovery and development for pharmaceutical companies. Xilis’ proprietary MicroOrganoSphere™ (MOS) technology consists of miniature patient tumors that capture the full microenvironment and heterogeneity and provides an automated and scalable solution. Using MOS and AI-driven algorithms, Xilis is developing a Xilis Response Score™ for the clinic, enabling oncologists to make informed and timely treatment decisions. Additionally, the MOS technology is speeding up development and clinical trials of cancer drugs by enabling analysis of authentic tumor microenvironments, high-throughput preclinical modeling, and clinical patient selection capabilities. About Mubadala Capital Mubadala Capital is the asset management arm of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi. In addition to managing its own balance sheet investments, Mubadala Capital manages third-party capital on behalf of institutional investors in four of its businesses, including three private equity funds, two early stage venture funds, a public fund and a fund in Brazil focused on special situations. The various businesses invest across the capital structure in both public and private securities. To learn more about Xilis, visit our website at www.Xilis.com or follow us on Twitter and LinkedIn.