T. Rowe Price Archives - Crunchbase News /tag/t-rowe-price/ Data-driven reporting on private markets, startups, founders, and investors Mon, 16 Mar 2020 15:36:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png T. Rowe Price Archives - Crunchbase News /tag/t-rowe-price/ 32 32 Chicago-Based Tempus Raises $100M At $5B Valuation For AI-Driven Healthcare /venture/chicago-based-tempus-raises-100m-at-5b-valuation-for-ai-driven-healthcare/ Mon, 16 Mar 2020 15:17:42 +0000 http://news.crunchbase.com/?p=26580 , a healthtech company started by Ìý³¦´Ç-´Ú´Ç³Ü²Ô»å±ð°ù , has a $100 million Series G round at a post-money valuation of $5 billion. The money comes less than 10 months after Tempus raised a $200 million at a pre-money valuation of $2.9 billion.

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, , , and participated in the financing. With the latest round, Tempus has now raised $620 million since its September 2015 inception, according to Crunchbase Previous backers include and Denmark’s .

Tempus says it has built an operating system to deliver personalized cancer care. It’s using its new capital to expand  into other disease areas, including diabetes, depression and cardiology.

The startup is on a mission to redefine how genomic data is used in a clinical setting. It’s built out an interactive analytical and machine-learning platform so patients can benefit “from the treatment of others who came before.â€

Tempus’ genomics tests analyze DNA, RNA and proteomic data to understand a patient’s tumor at the molecular level with the goal of identifying customized treatment options.

Currently, Tempus works with thousands of oncologists across hundreds of medical systems. It claims to have the “world’s largest libraries of clinical and molecular data, and an operating system to make that data accessible and useful.â€

As anyone who’s had a family member battle cancer can attest to, the thought of more personalized (and better!) care is more than welcome.

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Alphabet’s Autonomous Vehicle Bet Waymo Raises $2.25 Billion In First Outside Funding Round /venture/alphabets-autonomous-vehicle-bet-waymo-raises-2-25-billion-in-first-outside-funding-round/ Mon, 02 Mar 2020 21:51:08 +0000 http://news.crunchbase.com/?p=26046 announced today that .

The autonomous driving company, previously incubated as an “other bets” project under the umbrella of , says it has raised a staggering $2.25 billion in financing from investors including , the , and Abu Dhabi’s sovereign wealth fund . Other firms including , global automotive supplier , pre-owned vehicle listing service , and its corporate parent Alphabet also participated in Waymo’s round.

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“We’ve always approached our mission as a team sport, collaborating with our [original equipment manufacturer] and supplier partners, our operations partners and the communities we serve to build and deploy the world’s most experienced driver,” said , CEO of Waymo. “Today, we’re expanding that team, adding financial investors and important strategic partners who bring decades of experience investing in and supporting successful technology companies building transformative products. With this injection of capital and business acumen, alongside Alphabet, we’ll deepen our investment in our people, our technology and our operations, all in support of the deployment of the Waymo Driver around the world.â€

Waymo did not say, precisely, what it will do with its newfound cash, but it did share a number of development and business milestones. The company says its autonomous Waymo Driver platform has driven “more than 20 million miles on public roads across over 25 cities, and over 10 billion miles in simulation.” Waymo added that the company has already shipped its first L4 autonomous vehicles (which include electric vehicles and Class 8 trucks, according to the company) with the company’s latest hardware and beefed onboard sensors and compute hardware.

The company also provided updates about Waymo One, its on-demand autonomous car service which currently operates in Arizona. The service has already provided thousands of trips to locals “in a high-speed mixed usage market area larger than San Francisco.”

The deal comes 10 months after rival self-driving car outfit at an approximate $18 billion post-money valuation. The , , and automakers and participated in the raise.

TechCrunch in March 2019 that the company was seeking outside investment at a lofty valuation. In September, to $105 billion from $175 billion, based on its discounted cashflows.

No information about the company’s valuation or other terms of today’s financing have been disclosed at this time.

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$19.8B Invested In Agri-FoodTech In 2019 According To AgFunder /venture/19-4b-invested-in-agri-foodtech-in-2019-according-to-agfunder/ Tue, 25 Feb 2020 15:03:05 +0000 http://news.crunchbase.com/?p=25781 According to the latest AgFunder , $19.8 billion has been invested in AgriFood tech across 1,858 deals in 2019.  , a food and agtech venture firm, publishes the annual report utilizing Crunchbase data to build its unique analysis. The report represents a wide swath of industries from innovative food, eGrocers and restaurants to farming, ag biotech, farm robotics and equipment, bioenergy and biomaterials.

The largest growth year over year in funding includes meat alternatives, indoor farming, robotic food delivery and cloud kitchens. Investment in startups operating what the report terms upstream–closer to the farmer and before  retail–increased 1.3 percent year over year, accelerating in the second half with the highest numbers for H2 on record. Alternative proteins ( raised $300 million, , $90 million and , $75 million) and vertical farming ( raised $100 million, , $100 million and , $82 million) drove much of this. The whole sector showed 250 percent growth in the last five years.

Closer to retail and grouped as downstream in the report are eGrocers, restaurants, delivery and home cooking, which saw an overall decline of 7.6 percent year over year. The largest sector decline is food delivery by 56 percent year over year.

Agritech and foodtech experienced growth in investments in regions outside of Asia and North America. According to Louisa Burwood-Taylor head of media and research at AgFunder “Europe continued its trend for growth across VC industries posting a 94 percent increase in agri-foodtech funding, while Latin America had a breakout year, closing $1.4 billion in agri-foodtech funding across 40% more deals than in 2018; that’s more than the entire LatAm VC industry in 2017. Africa also more than doubled its funding in the space.â€

Notable investors in the sector cited by the report include venture investor , corporate investors and , and late-stage private equity investors , , and .

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