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DNA Nanobots Closes Pre-seed Investment Round to Grow BioPharma Partner Program

DNA Nanobots Closes Pre-seed Investment Round to Grow BioPharma Partner Program

January 24, 2024 Craig Etkin

Platform company uses antibody-targeted DNA nanoparticles to deliver a wide range of therapeutic payloads to desired tissue.

January 24, 2024 11:01 AM Eastern Standard Time

COLUMBUS, Ohio–(BUSINESS WIRE)–DNA Nanobots, a leader in the design and delivery of DNA nanoparticles engineered for targeted therapeutics, announced today that it has closed its pre-seed funding round. The investment enables DNA Nanobots to launch its BioPharma Partner Program to streamline its end-to-end custom biopharma solutions from design to development for preclinical and animal studies for improved delivery of a wide range of therapeutics. These include small molecules, peptides, antibodies, nucleic acids, and immunotherapies. The amount and names of the experienced biotech angel investors were not disclosed. The company invites BioPharma companies interested in enhancing their drug development pipeline to partner and launched a new portal to start discussions at https://dnananobots.com/BPP.

“Now we invite potential investors to connect to discuss our anticipated next funding round at jspitzner@dnananobots.com”

“Most therapeutics fail in clinical trials,” said CEO and co-founder Jeff Spitzner, Ph.D., “often because of insufficient payload into targets such as cancer cells, or off-target side effects resulting from delivery to the wrong tissues. DNA Nanobots provides design and development solutions customized around our Nanobots to target greater amounts of therapeutic molecules to only the intended cells – which enables our partners to develop better treatments.

Common therapeutic delivery strategies today employ technologies such as lipid nanoparticles (LNPs), antibody-drug conjugates (ADCs) or viral vectors. According to DNA Nanobots’ CSO and co-founder Christopher Lucas, Ph.D., “Each of these has significant limitations. LNPs can deliver a large payload but are difficult to orient the tissue-targeting antibody(s) and are non-uniform in composition. ADCs are limited by payload. Viral vectors have limited targeting capabilities, have uniformity and immunogenicity issues, and are very expensive. We developed our DNA Nanobots as highly programmable, tightly folded DNA to which we can attach precise numbers and locations of antibodies and concentrated therapeutic payloads of diverse molecules while maintaining particle uniformity.”

DNA Nanobots is developing its own therapeutic pipeline while partnering with BioPharmaceutical companies on therapeutic candidate delivery, optimizing performance and tissue targeting. The company has several current partner projects making substantial steps towards clinical application, reporting excellent in vivo mouse study results and pharmacological profiles. To facilitate these partnerships, DNA Nanobots licensed a portfolio of DNA nanostructure (DNA origami) technologies from The Ohio State University and maintains an active collaboration with OSU Professor and DNA Nanobots co-founder, Carlos Castro, Ph.D. Pre-seed investment enabled hiring senior scientists from OSU and full laboratory setup. “Now we invite potential investors to connect to discuss our anticipated next funding round at jspitzner@dnananobots.com,” said Spitzner.

About DNA Nanobots

DNA Nanobots is a platform biotechnology company pioneering the use of functionalized DNA nanoparticles to address challenges associated with targeted delivery of therapeutic payloads. We specialize in engineering custom cell-targeted solutions for our partners to deliver drugs, nucleic acids, antibodies, and immunotherapies. We are also developing our own pipeline of therapeutics for cancer and rare diseases. For more information on how DNA Nanobots is revolutionizing therapeutics development and delivery, visit https://dnananobots.com.

Contacts

Jeff Spitzner, CEO
DNA Nanobots
(614) 325-2103
info@dnananobots.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, Columbus, DNA Nanobots, Ohio, Venture Capital

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MIND, the upcoming leader in data loss prevention, today announced $30M Series A funding, just seven months after emerging from stealth, led by Paladin Capital Group and Crosspoint Capital Partners with participation from Okta Ventures and existing investor YL Ventures. This round brings MIND’s total funding to over $40M and will fuel MIND’s strategic growth and enhance its data security platform capabilities. In the past seven months, MIND has achieved 500% customer growth, gained significant traction among Fortune 1000 companies, prevented sensitive data loss across hundreds of thousands of endpoints through its proprietary endpoint agent and delivered immediate value by protecting the sensitive data of leading enterprises.

In a statement Eran Barak, Co-Founder and CEO of MIND said, “MIND was founded to help organizations thrive in the AI era and navigate the exponential growth of sensitive data in complex IT environments.” “Our rapid growth reflects a clear market shift toward smarter, faster and fully automated approaches to DLP and insider risk. This funding validates both our product and the market demand. With the backing of our new investors, each bringing deep expertise in data security, we’re positioned to revolutionize the DLP category, empower secure innovation and double our R&D and go-to-market teams by year’s end.”

MIND is on a mission to help organizations thrive in a digital world in the AI era by protecting their most sensitive data, mitigating risks and preserving brand reputation. MIND is the first-ever data security platform that puts data loss prevention and insider risk management programs on autopilot to deliver both data security posture and data loss prevention. The company enables businesses to mind what really matters—their most sensitive data. Founded and led by cybersecurity leaders and industry veterans, MIND is based out of Seattle Washington.
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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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