Astia Angels announces investment in Bioz, Inc.
FOR IMMEDIATE RELEASE
Bioz Accelerates Scientific Research and Drug Discovery with First Search Engine Built for Life Science Experimentation
New Software Startup Emerges from the Scientific World with Industry-First Search Engine, $3 Million in Funding and Bioz Star Ratings
PALO ALTO, Calif. – July 20, 2016
Bioz, Inc. came out of stealth today with the introduction of the world’s first search engine for life science experimentation to speed scientific research into finding cures for diseases and to accelerate drug discovery. Bioz has been enthusiastically welcomed in scientific communities via an early beta program. Currently, over 30,000 users from academic research labs and industry R&D labs, from more than 1,000 universities and biopharma companies, from 40 countries are using Bioz. The company was co-founded by serial entrepreneur and CEO Daniel Levitt, and accomplished Stanford research scientist Karin Lachmi, Ph.D., Chief Scientific Officer at Bioz.
As part of today’s announcement, Bioz also disclosed $3 million in seed funding, led by 5AM Ventures, a Silicon Valley venture capital firm focused on building next-generation life science companies. Stanford-StartX Fund, Astia Angels and other institutional and individual investors, including Esther Dyson, well-known journalist, author, investor and philanthropist, also invested in the round. The funding will be used for platform development, building the Bioz user base, increasing global awareness and growing the business.
“Bioz provides a service to life science researchers that is disruptive, by using data mining and machine learning on thousands of life science articles to extract key data and create rankings that save researchers hundreds of hours of manual work. Bioz is a technology company that has tremendous potential and has a solid team of experienced leaders, including both men and women,” commented David Marple, Astia Angels. “Astia is thrilled to be an early investor for Bioz and will contribute to their success.”
Bioz is the world’s first and only cloud search engine built for life science experimentation. Bioz is available free to researchers and is currently in beta. For more information, visit www.bioz.com.
About Astia Angels
Astia Angels is a global network of female and male angel investors that invests in women-led, high-growth ventures. The angel investor network is led by an active manager and experienced Founding Astia Angels. All members are highly involved throughout the investment process and make independent investment decisions.
# # #
Sharon Vosmek, Astia, 415-806-8252, email@example.com