Shift Bioscience has raised £12.5 million in Seed funding. The new investment brings the total raised by the company to £14 million.
The biotech company uses generative AI models to understand how the activation of different genes can reverse the ageing process. This research is fundamental to designing more effective drugs to treat age-related diseases.
Average life expectancy has increased over the last century, which has led to a rise in the number of people suffering from age-related illnesses, increasing the strain on healthcare systems.
Cellular reprogramming with Yamanaka factors represents a promising technology that can rejuvenate cells. It provides the opportunity to develop new treatments that target multiple diseases of ageing, from hearing loss to cardiovascular disease and osteoarthritis. However, there is a pressing need to identify gene factors that can be used to reprogram cells with proven safety.
“Our technology is addressing the current limitations of cellular reprogramming for treatment of age-related illnesses,” Dr Daniel Ives, CEO of Shift Bioscience, commented.
“This investment is indicative of the strength of our approach and is one of the earliest funding rounds for a biotech start-up exclusively focused on the rapidly emerging field of cell simulation for target discovery.
This additional funding will allow us to accelerate the development of our platform and bring cell rejuvenation therapeutics closer towards clinical trials.”
Shift Bioscience is building a cell simulation platform that combines generative AI with its highly accurate, high-throughput biological ageing clock, to predict which sets of genes are most likely to safely rejuvenate specific cells and then test, improve and validate these predictions.”
BGF led the funding, with existing investors F-Prime Capital, Kindred Capital, and Jonathan Milner participating.
Tim Rea, head of early stage at BGF, said:
“We’re excited to be backing a British company at the forefront of developing a new class of regenerative medicines.
Combining machine learning with lab-based biology, Shift’s well-developed platform represents a significant opportunity to address the growing challenges of treating age-related disease and illnesses.”
The Company will use the Seed funding to accelerate the development of its AI cell simulation platform, enabling the identification of novel genes for safe rejuvenation of cells indicated in age-related illnesses.
The funding will also support the development of an IP portfolio for the novel rejuvenation genes identified by Shift Bioscience.
Lead image: Shift Bioscience. Photo: uncredited.
By Tech.eu
Source: Tech.eu