Saturday, January 16, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

Bugworks Research raises ₹62 crore in Series A

Sony T by Sony T
August 14, 2018
in Tech news
Reading Time: 1min read
A A
0
Bugworks Research raises ₹62 crore in Series A
11
SHARES
129
VIEWS
Share on FacebookShare on Twitter

Bengaluru and Delaware-based drug discovery startup Bugworks Research has raised around ₹62 crores ($9 million) in series A funding led by University of Tokyo Edge Capital (UTEC).

Other investors that participated in the round include South Africa-based Acquipharma Holdings, 3one4 Capital, along with angels Marcus Schabacker, former chief strategic officer of Baxter Healthcare, Shrikumar Suryanarayan, former head of research and development, Biocon.

The funds raised will be used to boost its clinical trials to test the efficiency of its drugs.

Bugworks Research was founded by Dr Anand Anandkumar, along with Santanu Datta and V Balasubramanian in 2017. It aims to combat drug-resistant superbugs by inventing antibiotics that will be effective in combating the antimicrobial resistance.

ADVERTISEMENT

“The company, in three years, has invented a novel class of antibiotics for superbugs. We have completed several animal tests. The plan is to enter human trials by 2020,” said Anand Anandkumar, CEO, Bugworks Research.

Bugworks Research last raised an undisclosed amount of funds from CARB-X in June 2018. CARB-X (Combating Antibiotic Resistant Bacteria Biopharmaceutical Accelerator) is a public-private partnership that aims to protect humans from serious antibacterial threats by accelerating antibacterial research. It provides business, financial, and scientific support to startups to help them in their early-phase.

UTEC is a Tokyo-based early-stage technology-focused investment firm. It invests in early-stage startups helping the global society through innovation. The firm has around $500 million under management.

According to the Centers for Disease Control (CDC), 1 in 25 patients is expected to acquire an infection from their stay in the hospital, and 10 million deaths will occur across the globe if the antibiotic resistance is left unchecked.

With the latest funding, the startup will be boosting its efforts to tackle this global issue as drug-resistant bacterias become a serious threat to humans.

Tags: Bugworks
Share6Tweet2Share1Pin1
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

chatbot customer service
Tech news

25 Virtual Assistant Services You Can Offer Your Clients

January 14, 2021
Learn how to set up automated security testing
Tech news

Majority of DDoS Attacks in 2020 – StormWall Report

January 14, 2021
Broadband – Types & Their Benefits to Cloud Computing
Tech news

Broadband Connection – Types & Their Benefits Explained

January 14, 2021
5 Ways to Optimize Your Home for Cloud Gaming
Tech news

5 Ways to Optimize Your Home for Cloud Gaming

January 13, 2021
Important Email Marketing Automation Tips
Tech news

Important Email Marketing Automation Tips

January 13, 2021
6 Ways To Create a Proactive Web Security Plan
Tech news

5 Easy Ways to Improve Your Home Wi-Fi Security

January 13, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

chatbot customer service
Tech news

25 Virtual Assistant Services You Can Offer Your Clients

by Sony T
January 14, 2021
Learn how to set up automated security testing
Tech news

Majority of DDoS Attacks in 2020 – StormWall Report

by Srikanth
January 14, 2021
Broadband – Types & Their Benefits to Cloud Computing
Tech news

Broadband Connection – Types & Their Benefits Explained

by Sony T
January 14, 2021
5 Ways to Optimize Your Home for Cloud Gaming
Tech news

5 Ways to Optimize Your Home for Cloud Gaming

by Sony T
January 13, 2021
Important Email Marketing Automation Tips
Tech news

Important Email Marketing Automation Tips

by Sony T
January 13, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.