Tech Company Financing Transactions
Faro AI Funding Round
Faro AI closed a $37.3 million Series B venture capital round on 8/26/2026. Investors included Merck Global Health Innovation Fund, Section 32 and Ankona Capital.
Transaction Overview
Company Name
Announced On
8/26/2026
Transaction Type
Venture Equity
Amount
$37,300,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to expand its agentic AI capabilities and accelerate its work with customers deploying AI agents across their development organizations.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
9645 Scranton Rd 170
?San Diego, CA 92121
?USA
?San Diego, CA 92121
?USA
Phone
Undisclosed
Website
Email Address
Overview
The future of clinical development demands freedom: freedom from bottlenecks, from rework, from siloed systems. Our mission is to give trial teams the ability to accelerate trials without compromising science, safety, or patient-centricity. Even the most promising therapies can be derailed by protocol complexity, misalignment, and slow, reactive decision-making. In 2019, our founder--a seasoned clinical operations leader--took a step back after years of watching timelines slip and costs spiral, often for reasons hiding in plain sight: protocols locked in static documents, disconnected from data, and resistant to change.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Gary Swart
Chief Executive Officer
Scott Chetham
Chief Technical Officer
Patrick Leung
Co-Founder
Ross Jaffe
Controller
Sharon McEntire
VP - Bus. Development
Vivian DeWoskin
VP - Customer Service
Athena Uzzo
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Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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