Enveda Raises $311M at $2B Valuation to Advance Nature-Based AI Drug Pipeline

·3 views

AI-driven biotech company Enveda has raised $311 million in a new funding round, pushing its valuation to $2 billion. The company specializes in discovering drugs derived from natural compounds using artificial intelligence. Enveda is currently running clinical trials on treatments targeting skin conditions. It is also developing a drug aimed at sustaining weight loss in patients who discontinue GLP-1 medications. The fresh capital is expected to accelerate the progression of these nature-derived therapies through clinical development.

Read the full story at TechCrunch

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Modal Motors develops rare earth-free electric motors for drones and robots

US startup Modal Motors is developing electric motors that contain no rare earth magnets, aiming to reduce dependence on Chinese supply chains. The company is focused on building motors that are small and lightweight, making them suitable for applications such as drones, fans, and robots. Rare earth materials, largely sourced and processed in China, are a critical component in most conventional electric motors. By eliminating these materials, Modal Motors hopes to offer a more geopolitically resilient alternative for manufacturers in the robotics and aerospace sectors.

0 comments Read more at TechCrunch

TechnologyNYT Technology ·

US Leads China in AI but Beijing Holds Its Own Advantages

Chinese President Xi Jinping visited President Trump in Washington amid ongoing competition between the two nations in artificial intelligence development. The United States currently holds an edge over China in several key areas of AI advancement. However, China is not without its strengths, maintaining notable advantages in certain domains of the technology race. The rivalry reflects broader geopolitical tensions as both countries vie for dominance in one of the most strategically important emerging technologies.

0 comments Read more at NYT Technology

TechnologyThe Verge ·

Meta Launches AI Shopping Agent Designed to Handle Everyday Tasks and Purchases

Meta has introduced a new AI agent aimed at helping users manage routine tasks and shopping needs. The assistant is designed to act as a virtual helper that can triage and handle tedious day-to-day responsibilities. The tool reflects a broader industry push toward agentic AI that goes beyond answering questions to taking real-world actions on a user's behalf. Meta's agent is positioned to assist with tasks such as managing purchases and handling correspondence. The launch marks Meta's latest step in integrating AI more deeply into everyday consumer life.

0 comments Read more at The Verge

TechnologyThe Verge ·

California mandates data centers disclose energy and water usage starting 2025

California Governor Gavin Newsom signed a package of bills on Monday requiring greater transparency from data center operators regarding their electricity and water consumption. The legislation responds to growing community concerns about how AI infrastructure is straining local power grids and water supplies across the state. Protests have emerged in several US communities where data centers have expanded rapidly, driven largely by frustration over the secrecy surrounding their resource usage. Beginning next year, data center operators in California will be required to begin reporting their consumption figures under the new disclosure rules. While the measures fall short of providing a complete picture, they represent a significant step toward giving residents and regulators more insight into the sector's environmental footprint.

0 comments Read more at The Verge