
A for augmented: Cambridge AI company out to capture biomedical knowledge gets $60M from Mayo, Silicon Valley VC
The Mayo Clinic is joining hands with a Silicon Valley VC firm to inject $60 million into nference, a Cambridge, MA-based player in the gold rush to capitalize on biopharma’s growing interest — and urge — to accelerate drug discovery and development using the latest machine learning tools.
While nference ostensibly belongs to a generation of software startups that cropped up around 2013, it doesn’t see itself as part of the AI mainstream, founder and CSO Venky Soundararajan tells Endpoints News. That’s why the A in their AI stands for augmented, not artificial.
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