BenchSci raises financing to expand artificial intelligence search capability for scientists GlobeTechnology
Toronto AI startup BenchSchi was founded in 2015 by Tom Leung, its chief scientific officer seen here in 2018, David Chen, Elvis Wianda and Liran Belenzon.Toronto startup BenchSci Analytics Inc., which uses artificial intelligence to help biomedical scientists cut time and costs from research, is extending its reach with a US$22-million fundraising round led by a Fidelity Investments Inc.-linked venture firm.
On Tuesday, BenchSci will announce it that it will expand its search capability to a wider group of chemicals, called reagents, that help drive chemical reactions by identifying the presence of another substance. The company says it already works with 3,600 academic labs and 15 of the world’s top pharmaceutical companies; it believes there’s room to find more than US$10-billion in savings among life-sciences companies by making this portion of preclinical research more efficient.
The company was founded in 2015 by Tom Leung, David Chen, Elvis Wianda and Liran Belenzon, who is its chief executive officer. “Understanding which reagent to use with experiment is a really complex task – there are over 30 million of those, and each behaves differently in a biological environment,” Mr. Belenzon said. “That’s a problem [Mr. Leung, now BenchSci’s chief scientist] used to face as a cancer researcher at Mount Sinai Hospital, and that’s a problem we solve today.
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