Parallel Bio Secures $21 Million in Series A to Advance Human-First Drug Discovery
Parallel Bio, a biotech company pioneering human-first drug discovery, today announced it has raised $21 million Series A funding, led by AIX Ventures. The round attracted prominent leaders in AI and biotech, including new investors Amplo and Marc Benioff, founder and CEO of Salesforce, and existing investors Metaplanet, Humba Ventures, Atypical Ventures, Undeterred Capital, and Jeff Dean.
Parallel Bio Appoints Deep Tech Innovator Ari Gesher as Head of Technology
Parallel Bio, a biotech company using the immune system to cure disease, today announced that Ari Gesher has joined as the first head of technology. He will oversee technical infrastructure and the development of advanced AI and robotics infrastructure to rapidly scale its immune organoid platform for drug discovery.
Parallel Bio Launches Clinical Trial in a Dish to Speed Drug Discovery
Parallel Bio, a biotech company using the immune system to cure disease, today announced the release of its Clinical Trial in a Dish for studying the efficacy and safety of new immunotherapies using human models at the earliest stages of drug discovery. Five pharmaceutical companies, including a Fortune 500 firm, have begun testing 20 drug candidates with the alternative to animal tests.
Parallel Bio Expands Scientific Leadership and Advisors from GSK, MIT, and Stanford
Parallel Bio, a biotech company unlocking the human body’s own power to cure disease, today announced the appointment of Dwight Morrow, a 17-year GSK veteran, as vice president and head of platform. The company also welcomed its first scientific advisors: Darrell Irvine, a professor at Massachusetts Institute of Technology and investigator at the Howard Hughes Medical Institutes, and Nima Aghaeepour, associate professor and associate vice chair of research - data science, at Stanford University.
Parallel Bio Secures $4.3 Million Seed Round to Accelerate Drug Discovery through Human Immune System in a Dish
Parallel Bio, a biotech company unlocking the human body’s own power to cure disease, today unveiled $4.3 million in seed funding. The investment capital has enabled it to prove the viability of its immune-system-in-a-dish platform and accelerate the pace of drug discovery and development. The seed funding was led by Refactor Capital, with other investors including Breakout Ventures; Jeff Dean, SVP of Google AI; Y Combinator; several biotech-focused funds; and senior executives at global pharmaceutical companies.
