Tech Company Financing Transactions
Persist AI Funding Round
On 5/19/2025, Persist AI raised $12 million in Series A funding from Spero Ventures, 2048 Ventures and Asymmetry Ventures.
Transaction Overview
Company Name
Announced On
5/19/2025
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Series A
Investors
Proceeds Purpose
Funds will be used to expand the robotic lab and build comprehensive data sets that train the company's AI models.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
1100 Main St 300-PB
Woodland, CA 95695
USA
Woodland, CA 95695
USA
Phone
Undisclosed
Website
Email Address
Overview
Developing extended-release PLG drug formulations takes $10M+ and 5-10 years. We enable drug manufacturers and CROs to shorten formulation discovery time by 30-50% by utilizing our automation and machine learning platform.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Karthik Raman
Chief Operating Officer
Christopher Shelner
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