Biotech company Imperagen announced on Thursday that it has successfully raised £5 million, equivalent to $6.7 million, in a new seed funding round. The financing was led by PXN Ventures, with significant participation from IQ Capital and Northern Gritstone.
The company focuses its efforts on the field of enzyme engineering. To advance its work in this area, Imperagen intends to utilize sophisticated techniques involving quantum physics and artificial intelligence (AI). This seed round marks a notable step for the company as it seeks to apply these advanced technologies to its biotech operations.
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