Tech Company Financing Transactions
Seismic Therapeutic Funding Round
On 12/4/2023, Seismic Therapeutic secured $121 million in Series B investment from Bessemer Venture Partners, Alexandria Venture Investments and Amgen Ventures.
Transaction Overview
Company Name
Announced On
12/4/2023
Transaction Type
Venture Equity
Amount
$121,000,000
Round
Series B
Investors
Proceeds Purpose
This funds will be used to advance through Phase 1 proof-of-mechanism trials with Seismic's two lead programs: a pan-immunoglobulin (Ig) G protease sculpting (Sc) enzyme candidate (S-1117) and a PD-1 agonist:Fc gamma receptor IIb selective Dual-cell Bidirectional (DcB) antibody candidate (S-4321). In addition, the Series B will enable the continued growth of the company's pipeline in both the IgSc and DcB product areas, beyond the lead programs. The funding will also enable the company to further expand its proprietary machine learning-enabled IMPACT platform with the development and implementation of additional methods to enhance biologics drug discovery in immunology.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
Undisclosed
Watertown, MA Undisclosed
USA
Watertown, MA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Seismic Therapeutic is making a major shift in how immunology therapies are discovered and developed, enabled by machine learning. We are an expert team of drug developers integrating machine learning across the entire discovery process to open new, better and faster ways to make medicines for patients.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Alan Crane
Chief Executive Officer
Jo Viney
Chief Financial Officer
Edward Freedman
Chief Medical Officer
John Sundy
Chief Technical Officer
Nathan Higginson-Scott
Vice President
Kevin Otipoby
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