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Cradle Bio B.V.
Cradle, the platform that helps scientists to design and program proteins, today announces it is exiting stealth and has raised €5.5 million ($5.4m) in seed funding, co-led by Index Ventures and Kindred Capital. Leading angel investors also participated in the round including Feike Sijbesma, Honorary Chairman and former CEO of Royal DSM; and Emily Leproust, founder of Twist Bioscience. Synthetic biology involves adapting the genes of microorganisms such as bacteria and fungi to create ‘cell factories’ that use programmable proteins to produce a wide variety of everyday products: from milk and meat, grown without farming animals, to plastics created without petrochemicals, materials for clothing or electronic components, or even personalized medicines. Synthetic biology can also play an important role in breaking down and recycling waste materials, for instance by degrading waste plastics or removing pollutants from water. This news comes at a time when the ‘synthetic biology’ is at a commercial and scientific turning point, with Cradle primed to shape this emerging field. This production method could dramatically reduce the environmental impact of human consumption. McKinsey Global Institute has predicted that 60% of everything humans consume could be produced using cell factories. In 2021, Piper Sandler valued the synthetic biology market at $1,157bn, with the cell factory market alone worth $40bn. The challenge for biologists who are working on these products is that building these proteins is currently a costly and laborious iterative process based on trial and error. It often takes years to reach a viable solution and often more than 99% of protein designs tested in the laboratory fail to hit their design specifications. Cradle solves this problem by giving scientists the ability to ‘reverse engineer’ proteins with the desired specific properties and has built a working platform that is already being used by a number of early stage design partners. For example, a biologist might want to change a protein so that it is guaranteed to remain stable at a certain temperature, or so that it will attach itself to a specific chemical in its vicinity. Cradle’s self-teaching, self-improving generative machine learning models – which draw on recent advances in ‘natural language processing’ – can predict which parts of a protein’s genetic code a biologist will need to alter, significantly improving a scientist’s chances of getting the experimental results they want. Cradle further improves the performance of these large models on specific tasks relevant to the context of biological research, and makes them accessible to scientists without a machine learning background through an intuitive and collaborative online platform. Through this method, Cradle believes it can reduce the time and cost of getting a synthetic biology product to market by an order of magnitude. The company will use its seed funding to continue to accelerate product development and build out its offering as the global leader in programmable biology, scale its world class team and support the onboarding of more design partners. *
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Start | 2021-01-01 established |
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Industry | proteomic software tools |
Industry 2 | artificial intelligence (AI) / machine learning (ML) | |
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Person | van Grieken, Stef (Cradle Bio 202211 CEO + Co-Founder before Google) |
Street | 1 Alexander Fleminglaan | |
City | 2613 AX Delft | |
Address record changed: 2022-11-19 | ||
Basic data | Employees | B: 11 to 50 (2024-09-25) |
* Document for »About Section«: Cradle Bio B.V.. (11/17/22). "Press Release: Biotech Startup Cradle Exits Stealth, Raises $5.5M to Design Protein-machines and Cell-factories with AI". | ||
Record changed: 2024-11-27 |
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More documents for Cradle Bio B.V.
- [1] Cradle Bio B.V.. (11/26/24). "Press Release: Cradle Raises $73m Series B Led by IVP to Accelerate Adoption of AI-powered Protein Engineering". Amsterdam & Zurich....
- [2] Cradle Bio B.V.. (11/28/23). "Press Release (Blog Post): Cradle Raises $24M Series A and Signs Partnerships with Industry Leaders". Delft & Zurich....
- [3] Cradle Bio B.V.. (11/17/22). "Press Release: Biotech Startup Cradle Exits Stealth, Raises $5.5M to Design Protein-machines and Cell-factories with AI"....
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