A biotech company co-founded by Coinbase
$1.61B
CEO Brian Armstrong, NewLimit, has secured $130 million in new funding.
The funding round, called Series B, was led by Kleiner Perkins, according to a May 6 statement.
New investors joining in this round include former GitHub CEO Nat Friedman, Daniel Gross, who used to lead machine learning efforts at Apple, and Khosla Ventures.
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Armstrong started NewLimit with Blake Byers, a former GV partner, and stem cell researcher Jacob Kimmel. The company is working on therapies that aim to extend the number of healthy years a person can live. The approach focuses on changing how cells work by adjusting the epigenome, which affects cell behavior without altering the DNA.
NewLimit believes that aging is not just a natural process but a key factor behind many major diseases. The company explained that while aging was once thought to be permanent, new research in epigenetic reprogramming suggests it can be changed.
The company uses a combination of genomics and artificial intelligence (AI). Its main tool, called the Discovery Engine, tests thousands of ways to adjust human cells and studies the results. Machine learning models then help decide which changes to test next.
In a statement, NewLimit stated, “Our bet is that this combination of AI and scaled genomics can unlock medicines that give each of us more healthy years”.
Recently, Neuralink, the brain tech company founded by Elon Musk, invited people to participate in its global brain chip trials. What is the aim of the trial? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
