Seattle biotech closes $18M Series B — and acquires a company; Another George Church alum launches upstart
Seattle biotech Cyrus Biotechnology announced this morning that it closed an $18 million Series B — and landed an acquisition to boot.
The biotech, which has an in-house software program for biologics discovery, acquired Orthogonal Biologics, a spin-out from the University of Illinois that focuses on using “Big Data” to run deep mutational scanning on proteins and receptors for drug discovery.
The financing includes investments from OrbiMed Advisors, Trinity Ventures, Agent Capital, Yard Ventures, among others. And Selecta Bioscience, with which Cyrus is already working on autoimmunity programs, joined as a strategic investor.
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