JERUSALEM, July 17 (Reuters) - Israel's CytoReason,
which uses AI to develop disease models, said on Wednesday it
had raised $80 million in a private funding round.
Nvidia ( NVDA ), Pfizer ( PFE ), Thermo Fisher and
venture capital investor OurCrowd participated in the round,
CytoReason said.
The company said it aims to expand the application of its
models into additional indications and grow its proprietary
molecular and clinical data.
It also plans to establish an office in Cambridge,
Massachusetts, later this year.
In 2022, Pfizer ( PFE ) expanded its partnership with CytoReason
with a $20 million investment that could reach $110 million by
2027.
"The rapid expansion of new technologies, like artificial
intelligence, holds tremendous potential to help transform what
is possible in human health," said Mikael Dolsten, Pfizer's ( PFE )
chief scientific officer.
"Our collaboration with CytoReason leverages its
cutting-edge immunology multiomics platform to augment Pfizer's ( PFE )
own R&D capabilities and generate invaluable insights into new
drug development pathways for patients."
CytoReason said six of the world's top 10 pharma companies
use its technology to make data-driven decisions in immunology,
inflammation, immuno-oncology, metabolism, and other therapeutic
areas using an AI platform of computational disease models.