Mithrl, a San Francisco, CA-based AI-powered platform designed to accelerate scientific research, has raised $4 million in a funding round.
Investors
The round was led by Bonfire Ventures, with participation from previous investors, including biotech industry insiders.
Bonfire Ventures is an early-stage VC firm with $800M under management, specializing in leading seed rounds for B2B software companies that are transforming their industries.
Mithrl Use of Funds
The company plans to use the funds to expand its go-to-market team and continue developing its platform.
About Mithrl
Founded by Vivek Adarsh, PhD, and Shara Balakrishnan, PhD, Mithrl is an AI software company revolutionizing scientific research through its agentic-powered platform. The platform is designed for biotech companies and research institutions aiming to accelerate drug discovery by streamlining research workflows and handling large volumes of scientific data, from startups to industry leaders. Mithrl's mission is to accelerate scientific discovery by eliminating dry-lab bottlenecks that have long plagued the industry.
Funding Details
Company: Mithrl Inc.
Raised: $4.0M
Round: Seed Round
Funding Date: November 2024
Lead Investor: Bonfire Ventures
Additional Investors:
Company Website: https://www.mithrl.com/
Software Category: Scientific Research
Source: https://www.mithrl.com/news/mithrl-fundraise-announcement-2024