The financing will support the commercial rollout of synthetic affinity reagents and team expansion.
"Securing funding for a novel reagents company in today's investment landscape demonstrates clear confidence in MIP Discovery's technology and renewed commercial strategy. Our proprietary modeling approach to developing synthetic antibody alternatives has already been successful for diagnostic applications, and we have already seen very encouraging traction for our expertise in the cell and gene therapy space."
The oversubscribed round was backed by existing and new strategic investors to fund US expansion and generative AI development.
"This successful financial raise allows us to increase the size of our in-house development team by recruiting new talent who will focus on building Proteus’s generative AI. This will further help our clients optimise their project performance. In addition, the raise will support our growth into Australia and our planned entry into the United States later in 2024."
Verisk and BGF have backed cyber risk management provider KYND in its latest funding round.
"KYND has developed an industry-leading platform that provides actionable insights on cyber risk posture. The business has demonstrated impressive growth and this new investment demonstrates our belief in the long-term potential of the company as it continues to scale."
The London fintech firm raised the capital from backers including Bain Capital and Unusual Ventures to satisfy tier-one regulatory requirements.
"International payments are a pain point across a range of industries including e-commerce, marketplaces, and online platforms such as payroll and pensions to name just a few. These are sectors that need to cater for complex layers of incoming and outgoing payments, to and from large volumes of businesses and individuals, and across multiple jurisdictions. Getting the licences in Ireland and the UK sets us up wonderfully for 2024 and means that international businesses can now use our solution to remove these headaches in a regulated environment."
Hambro Perks provides growth debt funding to back the artificial intelligence education platform.
"We're really excited to be working with Hambro Perks and to join their impressive portfolio of industry-leading businesses that are changing the world. Their investment will allow us to continue our global expansion on a mission to improve education through innovative, effective and ethical AI technology."
