UK-based Precisionlife is a precision biotechnology company that offers AI-based data analytics and decision support platforms focused on supporting pharmaceutical companies in developing novel therapeutics across medical areas such as inflammatory, cardiovascular, respiratory, and neurodegenerative diseases.
It gathers and analyzes a variety of population-scale, multi-modal patient medical data, including genomic, clinical, and epidemiological data. This is used to generate insights such as useful links between patients and disease subgroups to develop disease-specific drugs. The company was in the process of adding new features to its AI platform, including one that enables the identification of new drug repurposing opportunities for existing patented drugs.
The company secured tech partnerships with Cyclica, IBM, and NVIDIA and reported having a few R&D collaborations in negotiations. PrecisionLife also intended to establish its own therapeutic pipeline.
The company concluded its first Series A round (amount undisclosed) in February 2022 and expected the second close of the round to take place in the following months. The company has offices in the US, Denmark, and Poland.
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