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Wintrust Business Minute: Chicago-based Pathos AI raises $62 million in funding round
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
A Chicago-based biotech startup has had one of the largest funding rounds for a local company so far this year. Pathos AI raised $62 million in a Series C round. The cash haul brings its valuation to $600 million. Pathos AI is a clinical-stage biotech company focused on re-engineering drug development through artificial intelligence. It has raised $102 million in three years and says the latest funding will help expand its team.
Also, The co-working company, TechNexus, is expanding its Chicago footprint. Listen for more below:
https://serve.castfire.com/audio/7020821/7020821_2024-11-04-171821.64kmono.mp3
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By wgnradio.com
4.5
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Steve Grzanich has the business news of the day with the Wintrust Business Minute.
A Chicago-based biotech startup has had one of the largest funding rounds for a local company so far this year. Pathos AI raised $62 million in a Series C round. The cash haul brings its valuation to $600 million. Pathos AI is a clinical-stage biotech company focused on re-engineering drug development through artificial intelligence. It has raised $102 million in three years and says the latest funding will help expand its team.
Also, The co-working company, TechNexus, is expanding its Chicago footprint. Listen for more below:
https://serve.castfire.com/audio/7020821/7020821_2024-11-04-171821.64kmono.mp3
Recent Posts
Wintrust Business Lunch
Office communication, retail outlook, Loop activity
.cls-7{fill:#fff;fill-rule:evenodd}
Nasdaq dip, hazard insurance, AI startup funding
.cls-7{fill:#fff;fill-rule:evenodd}
Radio Flyer closes Woodfield Mall location
.cls-4{fill:#000;}
W Hotel in Chicago to be rebranded
.cls-4{fill:#000;}
Tariffs and taxes, clean energy, Inspired Home Show
.cls-7{fill:#fff;fill-rule:evenodd}
Click for more
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