London biotech FabricNano raises $12.5M to design artificial cells producing chemicals 100x faster

Inexpensive and sustainable production of organic chemicals and biofuels is an important goal of modern biotechnology. Current approaches are based on microbial fermentation, which is characterized by differences in cellular and engineering objectives, measurement challenges, and much more.
However, biosystems that do not have cells in the structure of the bioman are emerging as an alternative to fermentation. According to various experts, non-cellular systems provide simpler and faster engineering solutions with unprecedented freedom of design in an open space than cell systems.

What is the cell phone solution?
The non-cellular solution seeks to eliminate biological barriers to developing simple types of well-designed health systems that are carefully designed for practical use.

Based in London, FabricNano is a non-cellular cell phone company that develops technology to enable manufacturers to assemble any material from enzymes in a sustainable manner.

£ 9M grant increased
The UK-based company that designs 100x artificial chemical products has recently received $ 12.5 million (approx £ 9 million) in Series A series.

The investment cycle was led by European VC Atomico (a VC company founded by Skype founder Niklas Zennström), with the participation of existing investors Backed, Hoxton Ventures, and Entrepreneur First.

Also, various angels from around the world have joined the cycle including, Biz Stone (founder of Twitter), Emma Watson (UN Sustainability Ambassador), Arvind Gupta (founder of Indiebio and Mayfield partner), Alexander Moscho ( former CEO Bayer), Michael Stoppelman (Yelp SVP Engineering), founder of Elvie Tania Boler, and Vijay Pandurangan (former leader of Twitter NY engineering).
As part of this round, Atomico Partner Siraj Khaliq will join the FabricNano board. With this in mind, biotech has now proposed a total investment of $ 16 million (approx £ 11.5 million).

The latest funds will be used to further the development of a planned system for petroleum products and drugs, currently comprising 14% of global fuel demand.

Dealing with chemical recycling of goods
Launched in 2018 by the First Entrepreneurship Program by Grant Aarons and Ferdinando Randisi, FabricNano is in the process of replacing all boiled and petrochemical products in the world in non-renewable ways.

In an exclusive interview with UKTN, Grant Aarons, founder of FabricNano and CEO, said, “We are dealing with chemical regeneration (under $ 5 / kg). Our approach is to move away from cell-based cell-based fermentation technology in the early 2000s, instead focusing on using a new technology called “cellular” in manufacturing products such as bioplastics, biofuels, and other synthetic materials. ”

According to Aarons, cell-based fermentation has many challenges such as 50% conversion of input hydrocarbon, which requires specific conditions for survival, infection tendency, and activity restrictions, and much more.Almost all sectors and services are undergoing digitisation and we’ve witnessed this trend accelerate since the COVID-19 pandemic. Insurance industry, too, pivoted quickly and now most of its services are offered online. London-based startup Bequest aims to further shake things up in this segment by offering simplified wills and life insurance for the millennial market. It has secured a £1.7 million seed funding and is also launching its new insurance offering that was being beta tested.

One example is the Nordic payments system, P27. Banking Circle has partnered with P27 to offer payments to Nordic payment infrastructure that was otherwise broken. It has become the first region in the world to offer an integrated payment system that crosses national borders to make it more cost-effective.

Bank Circle: new fintech
Business, be it banking, fintech or anything else, is just as good as an attractive talent. Banking Circle was at the forefront of the game in ensuring it was a great place where great people work. “Our employees are at the heart of what we do and, ultimately, that is what will help us succeed,” la Cour said.

Banking Circle used remote, flexible and mixed before being forced into many businesses by the Covid-19 epidemic. With a focus on finding the right people, they have groups and offices throughout Europe. And, combined with their cloud infrastructure, means they can offer integration and upgrades to customers freely and with minimal impact.

As the world increasingly uses digital transactions, regardless of political or economic boundaries, the Courts restore the Banking Circle position. “Fintech is one of the most exciting industries to be a part of,” he said.
Almost all sectors and services are digitized and we have seen this trend accelerate since the COVID-19 epidemic. The insurance industry, too, is rapidly opening up and now most of its services are offered online. The Bequest launch in London aims to continue to shake things up in this segment by providing simplified assets and life insurance on the market for a thousand years. It received $ 1.7 million in seed funding and introduced its new beta-tested insurance policy.

This has led Emilia to use her understanding of Linguistics, Cognitive Neuroscience, and Experimental Psychology to create a platform that can complement and eventually replace a high-level questionnaire supported by physicians using it and patients with mental health problems.

How does Tymia work?
Emilia and Stefano have developed video-style activities and challenges for patients to communicate with, such as verbally interpreting animated scenes or interacting with moving objects.
While users complete these games, the platform analyzes the streaming of data including, Voice (optional press and language modes), Video (tracking current emotions), and behavioral measures, including response times and error values.

The software then identifies a pattern of depressive data to help identify the diagnosis quickly and accurately. This approach allows physicians to determine the most appropriate course of treatment for a patient.

Collaboration with institutions
They have already established partnerships with several of the world’s leading institutions, including UCL and King’s College London, to help measure the use of technology in other cognitive problems.

The company collects data from hundreds of highly depressed subjects and the general control team to train their AI ethically and engagedly.

Emilia Molimpakis, CEO and founder of Thymia, says: “Thymia was born when a close friend of mine tried to commit suicide. Her friends and doctors missed the signs that she was unwell, not because the process of getting the right treatment was based on outdated methods that did not match the complexity and understanding of a disease such as depression.

“Thymia brings mental illness to the 21st Century, with an AI-enabled platform for accurate and ongoing patient monitoring. It is the first psychiatric diagnostic method, which combines multiple layers of body-rich data to assess stress and differentiate between similar disorders presented. Our technology will enable physicians to diagnose and treat depression more quickly, while allowing patients to develop a deeper understanding of their condition. Over time our goal is to become a gold standard for all mental health disorders and to show that mental illness is as real and measurable as physical illness, thus also helping to eradicate the associated stigma.
We bring something that truly transforms the market and we aim to change the way we behave, speak and share the stress as a result. We are pleased that Kodori, Calm / Storm, Form and Entrepreneur First have seen the power in this vision and are joining us in the next phase of this exciting journey. ”

Lucanus Polagnoli, Founder and Partner Manager at Calm / Storm, says: “We are very excited about the Theme. It will bring the same level of mental health care that we expect in the area of ??physical health. Emilia & Stefano impressed us from day one with their love, academic excellence, and strong commitment to building an inclusive mental health tool.

Changing the state of unemployment
The company has announced that it will create more than 1,000 jobs in India over the next five years. It also plans to invest more than £ 100million in India as part of rising employment, thus contributing to the economy as a critical partnership in terms of its growth. These activities will cover a variety of roles, including product development, software development, marketing, risk and compliance support for members.

As a first step towards the campaign, Tide recently announced its partnership with its first bank partner, RBL Bank, one of India’s fastest growing private sector banks. RBL Bank will provide Tide’s India platform bank account infrastructure where members (SMEs) will have the option to open existing and savings accounts.

Building a pool of skills
Tide already has more than 200 skilled workers in India, most of them based at its Hyderabad technical center. Tide formed a strong team in India, creating a pool of talented and experienced colleagues that would help build a business, measure performance and advance Tide’s desire to unleash the true power of Indian SMEs by helping them save time (and money) in running their businesses.

Great bet on the story of the Indian SME
Commenting on the expansion of India, Oliver Prill, CEO of Tide, said: “Tide recognizes the aspirations of the UK and Indian governments to build relations between India and the UK through improved economic relations and sees SMEs as important. in economic growth in both nations. We at Tide are committed to working for the 64 million Indian industry, and growing, helping to unlock the real potential of small Indian businesses by helping them save time (and money) in their financial management. ”
With its investment in the market, Tide is looking to contribute to both countries’ vision to develop a free trade agreement with a target of £ 100 billion by 2030, he adds.

Building bilateral relations in India-UK
Congratulating Tide on achieving this, UK Investment Minister Gerry Grimstone said: “I am pleased that Tide’s new financial business plan, which is part of the UK’s leading global fintech ecosystem, is embracing opportunities in India’s vibrant and growing SME market. The UK and India have good intentions to strengthen our trade and investment relations and bring benefits to both economies, and this is a good example of what we can do together. ”

Tide has more than 350,000 SME members and more than 410,000 accounts. Founded in 2015 and launched in 2017, Tide has grown investments in major sponsors including Anthemis, Augmentum, Creandum, Goodwater, Jigsaw, Latitude, LocalGlobe, Passion Capital, SpeedInvest and The SBI Group.

In addition to business accounts and related banking services, Tide will provide a complete set of highly manageable management solutions. Not only does it support the planned SME sector, Tide will also focus on working for the unregistered and informal sector, helping small businesses to enter computers and enter the mainstream sector.
The UK is now the third largest e-commerce market in the world, with many domestic markets starting in the market driving the e-commerce styles of 2021 and beyond. One of them is OnBuy which claims to be the fastest growing e-commerce market globally and is the fourth largest in the UK according to UK Marketplaces Rankings, with Amazon, eBay and Etsy just ahead of them.
UKTN has now learned that OnBuy is in the process of closing its $ 30 million deal soon. An important source close to the agreement informed that OnBuy is in the advanced phase of completing a two-digit cycle (approximately £ 30 million). Today, the start of the campaign has been sent to journalists to announce the results of a major fundraising event.

 

for distributed applications, devices, and hybrid cloud locations. Currently, Ably employs 65 people and plans to add another 125 recruits to strengthen its UK core team and grow US power in the next 15 months.

“When we introduced Ably five years ago, we had a clear idea that real-time communication would support rather than simply increase our daily digital knowledge. Today, our most important daily and digital experiences happen in real time. Business is critical now, and organizations see the need to continue and evolve to stay fit, ”said Matthew O’Riordan, CEO and founder of Ably.

“Insight has a proven track record of investing in industry disruptors and Ably is the right person for our fund,” said Teddie Wardi, Managing Director of Insight Partners. “Ably has shown that she has a vision for solving digital transition challenges in real time. The company is already a market leader and has been given the opportunity to grow further in what we believe to be a closed market. ”

Norman Fiore, General Partner and Founder of Dawn Capital, commented, “We all live our lives in real time. And now, we expect our digital lives to reflect this – whether it’s tracking parcels, gambling with friends, asking for goods or reviving the most important business infrastructure. As infrastructure and platform enable this experience, Ably helps companies operate in real time. I am very impressed with what Ably has done so far and I am happy to support the team to innovate and grow. ”
De-facto platform for real-time experience
Founded by Matthew O’Riordan and Paddy Byers in 2016, Ably offers a suite of APIs to create, expand, and deliver powerful digital information in real time. Data is used with real-time power for many digital experiences, whether it be visual events, news and financial information, or connected IoT devices. Now, it is a de-facto developer platform for organizations of all sizes as we help them bring real-time information to their users.

It reaches up to 250 million devices per month and serves 500 customers in 80 countries. Organizations such as Bloomberg, HubSpot, Verizon, and Hopin rely on Ably’s platform to load the growing difficulty of syncing real-time business data on a global scale.

Max Freiert, Product Group Leader at HubSpot, commented, “Ably is one of the most important technologies that supports our business. Its real-time platform and infrastructure layer freely supports all real-time needs of HubSpot, helping us meet our technological, business and product development needs. With Ably we have developed and adopted new products to market very quickly while greatly reducing our engineering performance. ”
The Covid crisis in India has sparked a new wave of unemployment in the country. As the unemployment rate hit a four-month high in April this year and job losses were rising sharply, India Inc needs the support of its partners to help it pass the litmus test.
Attempting to change this hiring trend is the financial platform of the UK business, Tide. Part of the commercial banks have chosen India as its first international market, with a full launch early next year.

The Kodori AG team adds: “Thymia is fully set and capable of being the gold standard for mental health testing, and we are delighted to support Emilia and Stefano in their work.”
Ably in London is a platform that adapts digital experiences in real time. Now, the company has recently announced a $ 70 million (approximately £ 50.6 million) investment in Series B-funded series by Insight Partners and Dawn Capital LLP. The financial cycle includes the participation of existing investors including Triple Point, Digital Horizon, Leading Partners, and MMC.

Eyes to strengthen the UK team
These funds will be used to accelerate Ably’s growth and the continuation of platforms that provide organizations with a comprehensive solution to remove the growing difficulty of synchronizing real-time data on a scale

 

 

 

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