AI life sci­ences uni­corn rais­es $150M for plat­form ops; 10 rare dis­ease com­pa­nies form new lob­by­ing group

Bain Cap­i­tal just en­dorsed the no­tion that AI and big da­ta are com­ing of age in the life sci­ences in­dus­try.

Their Tech Op­por­tu­ni­ties team is in­vest­ing $150 mil­lion in the 11-year-old da­ta man­age­ment and AI plat­form op­er­a­tion at Ax­tria, which plans to use the mon­ey to build up its plat­form for cloud soft­ware and ar­ti­fi­cial in­tel­li­gence in life sci­ences. Those plans could in­clude M&A for the com­pa­ny, which Bloomberg re­ports used a val­u­a­tion of $1 bil­lion in rais­ing this cash.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER