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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:
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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:
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