Tech Company Financing Transactions
Somite Therapeutics Funding Round
On 4/16/2024, Somite Therapeutics received $5.3 million in Seed funding from TechAviv, Lerer Hippeau and Next Coast Ventures.
Transaction Overview
Company Name
Announced On
4/16/2024
Transaction Type
Venture Equity
Amount
$5,300,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funs to continue development of its proprietary AlphaStem AI platform.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
240 Longwood Ave, Building C
Boston, MA 02115
USA
Boston, MA 02115
USA
Phone
Undisclosed
Website
Email Address
Overview
Somite.ai is leveraging big data and AI to introduce novel cell replacement therapies. We're developing a digital twin of the embryo, i.e. a computational model that simulates the real embryo's development and behavior to guide decision-making.
Management Team
Title
Name
Email & Social
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Where The Data Comes From
We do our best to document every notable VC transaction. All VC database entries reported here come from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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