Tech Company Financing Transactions
Somite AI Funding Round
Somite AI, based in Boston, secured $5.3 million 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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Micha Breakstone
Chief Technical Officer
Jonathan Rosenfeld
Co-Founder
Allon Klein
Co-Founder
Olivier Pourquie
Co-Founder
Jay Shendure
Co-Founder
Cliff Tabin
Browse more venture capital transactions:
Prev: 4/16/2024: Joba Network venture capital transaction
Next: 4/16/2024: VitusCare venture capital transaction
Share this article
Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs