✉news BusinessStartups first seen 6 h ago, last 4 min ago, peak #8
Genentech AI alumni launch health startup Ortet with $500M
Former Genentech artificial intelligence staff have launched Ortet, a new health-focused startup, backed by $500 million in funding. The company will apply AI to drug discovery and healthcare development, drawing on the founders' experience at one of the world's leading biotechnology firms. The large initial funding round makes Ortet one of the most heavily financed health AI launches to date.
Why now: The unusually large $500 million backing for a newly founded health AI company is drawing attention in the biotech and startup world.
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Evidence
- Genentech AI alumni launch health startup Ortet with $500M · Endpoints News
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