Iterative Scopes, a 2017 spinout of MIT led by Jonathan Ng, announced today it closed a $30 million Series A financing led by new investors Obvious Ventures, with participation from Eli Lilly, Johnson & Johnson Innovation—JJDC Inc., venture capital firms Breyer Capital and Seae Ventures, and other leading healthcare investors. Proceeds from the investments will be used to continue developing the company’s AI-driven computational tools that help identify appropriate treatments and guide clinical trials for patients suffering from gastrointestinal diseases.
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