Synthace, a UK startup utilizing open source know-how to make course of in biotechnology transfer quicker, has raises a £7.3m Series A spherical. New buyers White Cloud Capital, Amadeus Capital Companions and Eleven Two Capital participated alongside current buyers that included Sofinnova Companions, SOSV and Bioeconomy Capital.
The Firm’s Antha working system replaces processes that are at present performed, virtually, by hand.
CEO Tim Fell says the corporate got here out of the need to higher engineer biology: “Our need to heal, feed, fuel and manufacture for a growing population can be met by unlocking the near infinite power of biology but only by bringing software abstraction and more automation to biological R&D and manufacturing, and by enabling biologists to build atop their collective work. That is what the Antha platform does.”
The funding might be used to broaden its eco-system of biologists, lab instrumentation producers, reagent and consumable suppliers, bio-design and evaluation software program builders and cloud suppliers.
Isabel Fox, Head of Enterprise at White Cloud Capital, commented: “Synthace is transforming the way biotechnology is developed and the $170bn global life science R&D budget spent. The traction the Company has achieved with pharmaceutical, agritech and industrial biotechnology customers shows the cross-sector applicability of Antha.”
Hermann Hauser, Co-Founder and Companion, Amadeus Capital Companions, stated: “Biotechnology has mass application, a true general purpose technology. Its development is challenging and Synthace is empowering biotechnologists to better understand and work with its complex nature.”
In easy phrases, the corporate sells a software program platform that makes it a lot simpler for researchers to develop biotechnology merchandise and bring them to market. That could be medicine, crops or supplies and merchandise made utilizing biology fairly than from petrochemicals.
The concept is to make it simpler for scientists to develop biotechnology merchandise and bring them to market.
It might be in contrast to Ginkgo or Zymergen, who’ve in their very own methods developed an automatic know-how stack for engineering the microbes they license to others. Nevertheless, Synthace is extra about productizing the know-how.
Within the fall of 2016 they developed an MVP and put in it in first buyer, Dow Agrosciences. Merck & Co began utilizing it in January 2017 and since then they’ve been rolling the product out to firms similar to GSK and Fujifilm Diosynth within the Pharma business and tech firms similar to Microsoft who’re gearing up their biology capabilities and actions.