Proximal Ventures Launches $27.5M Debut Fund to Back AI in Drug Development

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Proximal Ventures, a new venture firm, has closed a debut fund of $27.5 million. The fund was raised by Sahir Raoof, a former investor at SignalFire. Its stated focus is backing startups that apply artificial intelligence to drug development. The announcement signals continued investor interest in using AI within the pharmaceutical sector.

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