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August 7, 2023

Chemify Secures $43M in Series A Funding to Transform Molecular Design

Revolutionizing Chemistry Digitalizing for Pharma & Industry

In a groundbreaking development, Chemify, a University of Glasgow spinout, has successfully raised an impressive $43 million in a Series A funding round. This vibrant company is all set to redefine the landscape of molecular design, offering cutting-edge services to pharmaceutical, biotechnology, and industrial partners.

Led by Triatomic Capital, the Series A round saw enthusiastic participation from notable investors, including Horizon Ventures, Rocketship Ventures, Possible Ventures, Alix Ventures, Eos, and the UK Government Innovation Accelerators program, along with existing investor BlueYard Capital.

Chemify's mission is ambitious yet promising – to digitize chemistry and unleash the potential of cutting-edge technologies like robotics, AI, and conceptual advancements. With a strong vision at its core, the company aims to create, design, and discover complex molecules on demand using digital blueprints, resulting in faster, more efficient, and safer processes.

Founder and CEO Lee Cronin expressed his excitement about the funding and the company's mission to deliver superior molecules for pharmaceutical and industrial partners in a fraction of the time and cost compared to traditional methods. Chemify's groundbreaking approach holds the key to shaping the future of molecular design, promising a profound impact on various industries and scientific research.

With the infusion of substantial funding and a pioneering vision, Chemify is poised to lead the way toward a brighter and more innovative era in the world of chemistry.

Josefina Dipaolo
Josefina Dipaolo
Content Writer at TechNews180
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