We are a venture capital fund based in Austin. We spend our time thinking about big themes and want to meet entrepreneurs who are doing the same #NextCoast
The latest ATXnology is out! Fresh for Q3, our quarterly newsletter is filled with updates, good news from our portfolio and cool things we want you to know from #Austin and its #entrepreneurship scene.
When you check out the latest edition, you'll find ⬇️
Somite is building the blueprints to create any cell type for any person.
We call it DeltaStem, our foundation model for the human cell. Our proprietary capsule technology allows us to generate cell signaling data 1,000x faster and more efficiently than current methods, accelerating discovery and optimization of cell production for treatment of diseases like type 1 diabetes, osteoarthritis, and DMD. DeltaStem allows us to reliably generate previously inaccessible cell types for the first time, unlocking a foundry of human spare parts.
To scale DeltaStem and bring it into therapeutics, we’re excited to share that we’ve raised over $47M in Series A funding. Our round was led by Khosla Ventures, with participation from SciFi VC, the Chan Zuckerberg Initiative, Fusion Fund, Ajinomoto Group Ventures, Pitango HealthTech, TechAviv, Harpoon Ventures, along with angel investors such as Dr. R. Martin Chavez (former Chairman of Recursion), and Fidji Simo (outgoing CEO of Instacart and incoming CEO of Applications at OpenAI).
Somite was founded and is led by a team of AI entrepreneurs and developmental biologists: Dr. Micha Breakstone, a repeat AI entrepreneur, Dr. Jonathan Rosenfeld, leader of the Fundamental AI Group at MIT, and a distinguished group of scientific co-founders representing institutions like Harvard Medical School and the National Academies of Science and Medicine.
We look forward to collaborating with strategic partners who share our vision of leveraging AI for a new age in human repair. Reach out: https://t.co/ZSlNcBfOS7
Statt Secures $2.8 Million Seed Round to Scale its AI and Data SaaS Platform for Public Policy and Regulatory Insights and Analysis https://t.co/Vk2D9deJk5
I'm proud to make two big announcements today for Workweek:
We've launched a Professional Network Platform and to help accelerate our success, we've raised a $12.5M Series A financing round.
You can now list batches from @CardDealer_Pro to the CollX Marketplace in seconds with the click of a button! With this software you can import literally 1,000 cards at a time to CollX.
Card Dealer Pro also does require a monthly subscription, starting at $10/mo. But if you’ve got CollX Pro already good news: the first 90 days on CDP are on us! Find a special code in Pro Perks. Don’t have Pro? You can still try it out with a 7-day free trial.
➡️: https://t.co/TnMaePqHl8
Episode 3 of #UnlockingMoves is now live!
@mikesmerklo (@nextcoastVP) walks me through his decision to leave a cushy job at Morgan Stanley to join a startup. That had a huge impact on him - he ultimately co-founded of his own business! This is what Unlocking Moves is all about!