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Israeli innovation lab backed by pharma and biotech giants creates first AI startup

Israeli innovation lab backed by pharma and biotech giants creates first AI startup

An Israeli biotech innovation lab established last year and backed by some of the world’s biggest pharma companies like Pfizer and Merck has formed a new startup that will harness artificial intelligence (AI) to assess the effectiveness of drugs in preclinical trials and improve the chances of success in later stages. The startup, OMEC.AI, is …

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Daily Crunch: London-based Space Computing Startup Hadean Closes $30M Series A

Backed by Epic Games, distributed computing startup Hadean raises $30 million to power the metaverse

Hadean, a UK-based distributed spatial computing startup that sets out to build the infrastructure for the burgeoning metaverse, has closed a $30 million Series A funding round from a group of investors leading companies, including Epic Games and Tencent. Founded in London in 2015, Hadean began with a broad mission to make “supercomputer levels of …

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