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Pharma Tech Outlook | Tuesday, June 02, 2020
The company's leadership team combines its entrepreneurial and research backgrounds to solve the challenge of more wholly and quickly quantifying the proteins that drive every aspect of human physiology
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Fremont, CA: Human proteome analysis and quantification company, Nautilus Biotechnology, raised USD 76 million in an oversubscribed Series B funding round led by Vulcan Capital, the multi-billion-dollar investment arm of Vulcan Inc., the company founded by Microsoft co-founder and philanthropist Paul G. Allen. The investment round was also participated by new investors, Perceptive Advisors, Bezos Expeditions, and Defy Partners, and existing investors AME Cloud Ventures, Andreessen Horowitz, Bolt, and Madrona Venture Group. The new round of funding takes the company's total raised capital to over USD 100 million.
[vendor_logo_first]"Existing proteomics technologies are slow, expensive, incomplete, and lack the sensitivity to deliver deep and meaningful insight into biological processes," said Nautilus co-founder and CEO, Sujal Patel. "Bringing together Parag's breakthrough science with my deep understanding of large-scale IT has enabled us to approach the problem in a fundamentally new, more holistic way. Our value derives from a unique, interdisciplinary combination of biochemistry, computer science, and substantial business experience." The investment round will be used to accelerate the development of Nautilus's proprietary proteomics platform and the expansion of scientific and engineering staff across various levels and disciplines.
Nautilus was co-founded in 2016 by Sujal Patel, founder and CEO of Isilon Systems and Parag Mallick, Ph.D., Associate Professor of Radiology at Stanford University, and a member of BioX. The company's leadership team combines its entrepreneurial and research backgrounds to solve the challenge of more wholly and quickly quantifying the proteins that drive every aspect of human physiology. That limitation has impeded scientific and pharmaceutical R&D, and Nautilus' platform will enable a more comprehensive understanding of cellular and organismic biology.
"The potential of proteomics has not been fully realized because of the limitations of current analysis methods," said Lee Hartwell, Ph.D., President and Director Emeritus of the Fred Hutchinson Cancer Research Center, 2001 co-recipient of the Nobel Prize in Physiology and Medicine, and member of Nautilus' Scientific Advisory Board. "A greater resolution of the proteome will make it possible for the entire scientific and pharma R&D communities to undertake a wider range of high-value scientific inquiries, thereby accelerating both their research and the benefits that can accrue to human health."
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