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Shadine Taufik · · 1 min read

AI biotech firm gets $16m series A injection

Elucidata builds algorithms and software to process, analyze, and visualize large omics data from studies like metabolomics, genomics, transcriptomics, and proteomics, among others.

The company is headquartered in India.

Funding details

  • Funding amount: US$16,000,000
  • Lead investors: Eight Roads Ventures
  • Other investors: F-Prime Capital, IvyCap Ventures, Hyperplane Venture Capital
  • Stage: Series A
  • Source

More details

Elucidata has raised US$22.7 million in total funding to date.

Stage Amount (US$) Investors
Seed 1,700,000 Hyperplane Venture Capital
Pre-series A 5,000,000 IvyCap Ventures, Hyperplane Venture Capital
Series A 16,000,000 IvyCap Ventures, F-Prime Capital, Hyperplane Venture Capital , Eight Roads (Fidelity Ventures) (斯道资本)

Elucidata was founded in 2015 by Abhishek Jha, Swetabh Pathak, and Richard Kibbey. The fresh funds will be used to scale the company’s go-to-market initiatives, accelerate global expansion, and deepen product capabilities in translational drug research and allied markets.

Editing by Miguel Cordon and Jaclyn Tiu

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TIA Writer

Shadine Taufik

Fan of all things AI and art.