Founders Fund Leads $36 Million Financing Round in Emulate, Inc.

From Startup Emulate Bio

Link to Full Article: https://emulatebio.com/press/founders-fund-financing/

Dr. Hamilton continued, “Based on our work with pharma companies, we now keenly understand how users wish to adopt our products across the entire R&D process, from discovery to the clinic. We look forward to building the expanded functionality of the Human Emulation System that will enhance and accelerate our ability to translate science into innovative medicines for patients.”
Emulate will also use the proceeds to further build its commercial efforts and community engagement team to support adoption of the Human Emulation System. This approach follows Emulate’s collaborative R&D model, through which the various Organ-Chip products and Human Emulation System have been developed with an extensive community of collaborators across industry, academia, hospitals, and governmental regulatory agencies.
Leading up to this Series C financing, Emulate’s progress has been marked by collaboration agreements with leading pharmaceutical companies, including AstraZeneca, Roche, Takeda, Merck, and Janssen/J&J, a cooperative research and development agreement with the U.S. Food and Drug Administration, and a clinical collaboration with Cedars-Sinai Medical Center. These interactions across the community are designed to apply the company’s Human Emulation System to conduct studies to predict human response to diseases, medicines, chemicals, and foods.
About Founders FundFounders Fund invests in science and technology companies solving difficult problems. The firm and its partners have been early backers of some of the most impactful companies of the past decade, including SpaceX, Palantir, Facebook and Airbnb. Founders Fund pursues a founder-friendly investment strategy, providing maximum support with minimum interference. More information can be found at www.foundersfund.com.
About the Human Emulation System™ Powered by Organs-On-Chips TechnologyBased on Organs-on-Chips technology, Emulate has created a new living Human Emulation System that provides a real-time window into the inner workings of human biology and disease — offering researchers a new technology designed to predict human response with greater precision and detail than today’s cell culture or animal-based experimental testing. Each of Emulate’s proprietary Organ-Chips — including the lung, liver, brain, intestine and kidney — contains tiny hollow channels lined with tens of thousands of living human cells and tissues, and are approximately the size of an AA battery. An Organ-Chip is a living, micro-engineered environment that recreates the natural physiology and mechanical forces that cells experience within the human body.
About Emulate, Inc.Emulate, Inc. is a privately held company that creates living products for understanding how diseases, medicines, chemicals, and foods affect human health. Our Human Emulation System™ sets a new standard for re-creating true-to-life human biology and is being used to advance product innovation, design, and safety across a range of applications including drug development, agriculture, cosmetics, food, and chemical-based consumer products. Emulate continues to develop a wide range of Organ-Chips and disease models through collaborations with industry partners and internal R&D programs. Emulate is also working with clinical partners to produce Organ-Chips personalized with an individual patient’s stem cells, for applications in precision medicine and personalized health. Our founding team pioneered the Organs-on-Chips technology at the Wyss Institute for Biologically Inspired Engineering at Harvard University. Emulate holds the worldwide exclusive license from Harvard University to a robust and broad intellectual property portfolio for the Organs-on-Chips technology and related systems.
Media Contact:For Emulate:Kathryn MorrisTel: 914-204-6412kathryn@theyatesnetwork.com

Please visit their site for more information: Emulate Bio.com

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2018-07-05 19:27:19