Insider Insights into This Week's Most Surprising Funding Rounds

Significant funding activity occurred on September 13, 2024, in the biotech and AI sectors. Candid Therapeutics raised $370 million to develop T-cell engager antibodies for inflammatory diseases, with participation from Fairmount Funds Management and Venrock Healthcare Capital Partners. Glean, an AI-enhanced work assistant startup, secured over $260 million in Series E funding, bringing its valuation to $4.6 billion. World Labs launched with over $230 million in funding, co-founded by Fei-Fei Li, and achieved a valuation exceeding $1 billion. Superluminal Medicines closed a $120 million Series A to create candidate-ready compounds. Additional funding included Forterra at $75 million, Second Front Systems at $70 million, Inflammatix at $57 million, Strider Technologies at $55 million, and CSA Medical at $53 million. Both Tune.FM and Finally secured $50 million each in funding.

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