Eleven Therapeutics
Date | Investors | Amount | Round |
---|---|---|---|
$2.0m | Seed | ||
* | $3.9m | Grant | |
* | £300k | Grant | |
* | $22.0m | Seed | |
* | N/A | Grant | |
Total Funding | €25.7m |
Recent News about Eleven Therapeutics
EditElevenTX is a cutting-edge startup that combines synthetic chemistry and artificial intelligence (AI) to revolutionize mRNA therapeutics. mRNA therapeutics, a new class of treatments, work in a software-like manner, meaning they are digital, discrete, and highly specific. This makes them ideal for AI algorithms and combinatorial searches, which are particularly potent when paired with cost-effective DNA synthesis and sequencing technologies.
The company operates in the burgeoning field of RNA therapeutics, serving clients in the healthcare and pharmaceutical industries. Their business model revolves around leveraging AI and massively parallel combinatorial chemistry to explore the vast chemical space of RNA molecules. This approach allows them to map the structure-activity relationship (SAR) of RNA molecules, which is a key factor in determining their safety, efficiency, and duration of effect.
ElevenTX generates revenue by providing solutions to optimize RNA molecules for therapeutic use. They work with partners and funders who have shown interest in their innovative technologies, indicating a strong market demand for their services.
In simple terms, ElevenTX is like a high-tech mapmaker for RNA molecules. They use AI to navigate the complex world of RNA chemistry, finding the best routes to create safe and effective treatments. Their work could potentially revolutionize the way we treat diseases, making them a key player in the future of healthcare.
Keywords: synthetic chemistry, artificial intelligence, mRNA therapeutics, RNA molecules, combinatorial chemistry, DNA synthesis, sequencing technologies, structure-activity relationship, big data, healthcare industry.