Tech Company Financing Transactions
BenevolentAI Funding Round
Woodford Investment Management invested in a $115 million funding round for BenevolentAI. The financing round was recorded on 4/20/2018.
Transaction Overview
Company Name
Announced On
4/20/2018
Transaction Type
Venture Equity
Amount
$115,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company will use the funds to significantly scale its drug development activities, broaden the disease areas on which it focuses, and extend its AI platform capabilities even further.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
81 Prospect St.
Brooklyn, NY 11201
UK
Brooklyn, NY 11201
UK
Phone
Website
Email Address
Overview
BenevolentAI was founded in 2013 by Ken Mulvany following the sale of Proximagen, a successful biotech business that Ken founded. The experience of running a biotech, a company in an industry entirely reliant on scientific breakthroughs, highlighted the challenges of innovating using a process of scientific discovery that had not largely changed for 50 years.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joanna Shields
Founder
Kenneth Mulvany
Vice President
Ian Churcher
VP - Bus. Development
Ivan Griffin
VP - Product Management
Davy Suvee
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Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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