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DateInvestorsAmountRound
-

N/A

-
N/A

N/A

Seed
N/A

CAD600k

Grant

$1.8m

Early VC

$2.4m

Series A

$2.3m

Series A

N/A

Early VC

CAD23.0m

Series B
*

$1.8m

Grant
*

$40.0m

Valuation: $40.0m

Acquisition
Total Funding$25.6m

Recent News about Cyclica

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Cyclica, accessible at cyclicarx.com, is a cutting-edge biotech startup specializing in AI-augmented drug discovery. The company leverages advanced machine learning techniques to streamline and enhance the process of identifying and developing new drugs. By focusing on the intricate complexities of diseases, Cyclica aims to transform the traditional drug discovery paradigm.

Cyclica serves a diverse range of clients, including pharmaceutical companies, biotech firms, and academic institutions. These clients are often engaged in the research and development of new therapeutic compounds and are looking for innovative ways to accelerate their drug discovery processes. The market Cyclica operates in is the global pharmaceutical and biotechnology sector, which is continually seeking more efficient and effective methods to bring new drugs to market.

The business model of Cyclica revolves around strategic partnerships and collaborations. By partnering with other biotech companies, academic institutions, and research organizations, Cyclica integrates its AI-driven platform into their drug discovery pipelines. This collaborative approach not only enhances the capabilities of their partners but also broadens Cyclica's reach and impact in the industry.

Cyclica generates revenue through a combination of service fees, licensing agreements, and milestone payments. Service fees are charged for the use of their AI platform and consulting services. Licensing agreements allow partners to use Cyclica's technology for specific projects, while milestone payments are received when certain drug development milestones are achieved, such as successful identification of a drug candidate or progression to clinical trials.

In summary, Cyclica is revolutionizing drug discovery by harnessing the power of AI to tackle the complexities of disease. Their collaborative and data-driven approach positions them as a key player in the biotech industry, driving innovation and efficiency in the development of new therapies.

Keywords: AI-augmented, drug discovery, biotech, machine learning, pharmaceutical, partnerships, data-driven, therapeutic compounds, innovation, efficiency.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.