Elegen, a pioneering company at the forefront of the synthetic biology revolution, has successfully secured $35,000,000 in funding. The company, based in San Carlos, CA, is dedicated to developing cutting-edge technologies that allow for rapid and cost-effective DNA writing, with a focus on enhancing the reprogramming of biology to address significant global challenges. Led by Dr. Matthew Hill and backed by prominent investors such as Andreessen Horowitz, 8VC, and KdT, Elegen is poised to drive innovation in biotechnology solutions. With a team of esteemed scientists and entrepreneurs, including Dr. Marc Unger, Elegen is well-positioned to propel its groundbreaking technologies from invention to commercial success. This substantial funding injection will further support Elegen's mission to revolutionize biologic solutions and harness the potential of synthetic biology to improve human lives on a grand scale.
Revolutionizing Synthetic Biology: ELEGEN Secures $35M in Series B Funding
Recently funded 路 $35.0M Series bBiotechnology
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Augustus
Augustus (formerly known as Ivy) has received OCC conditional approval to charter the first clearing bank for the AI era. This approval has been driven by our core thesis: the dollar is the best product in the history of the world, with practically infinite global demand - but distribution is broken. The existing clearing model runs on legacy correspondents that are closed 115 days a year, built for humans, and take two days to settle. Augustus is the update to the AI era: an autonomous clearing bank, purpose-built around programmable money and stablecoins. Always open. Made for machines. At the speed of compute.
$180.0M Series b
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ADI Foundation
The ADI Foundation is an Abu Dhabi鈥揵ased organization dedicated to empowering governments and institutions in emerging markets through blockchain infrastructure to accelerate the growth of digital economies. The ADI Foundation was founded by Sirius International Holding, the technology-focused subsidiary of one of the largest investment companies in the world, IHC. The Foundation is catalyzing large-scale social and economic inclusion through its mission to bring 1 billion people globally into the digital economy by 2030, building on a strong foundation of 500+ million people already within its project ecosystem. The Foundation designed ADI Chain, the first institutional Layer 2 blockchain for stablecoins and real-world assets in the MENA region, and is building a growing portfolio of use cases, including hosting the UAE dirham-backed stablecoin, DDSC. Headquartered in Abu Dhabi鈥檚 ADGM, the world鈥檚 first jurisdiction with a bespoke digital asset framework, the ADI Foundation contributes to the region鈥檚 growth as a global digital asset hub.
Other recent Series b rounds
Companies that recently closed a Series b round.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 | Augustus | Series b | $180.0M | today |
| 2 |  Sonosemi Medical China | Series b | $100.0M | today |
| 3 |
