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Nautilus Biotechnology co-founders Sujal Patel (left) and Parag Mallick. Nautilus Biotechnology , a Seattle-based biotech startup led by Isilon co-founder Sujal Patel , is the latest company to go public using a special purpose acquisition company, or SPAC. Nautilus Photo).
Every business unit has a stake in the IT services, apps, networks, hardware, and software needed to meet business goals and objectives, and many of them are hiring their own technologists. Healthcare Technology is paramount for the healthcare industry, including the medical, pharmaceutical, and biotechnology industries.
Nautilus Biotechnology co-founders Sujal Patel (left) and Parag Mallick. Nautilus Biotechnology is emerging as Seattle’s newest publicly traded company this week, taking advantage of the mania over SPACs to raise $345 million to fuel a new approach that could accelerate biomedical research and transform drug development.
A few weeks ago, a longtime GeekWire reader sent a note expressing shock that Sana Biotechnology co-founder and CEO Steve Harr only owned 4.9% Given that the Seattle biotechnology company was on the cusp of a blockbuster stock market debut and now is valued at more than $6 billion, I responded that 4.9% Porch CEO Matt Ehrlichman.
Nautilus Biotechnology co-founders Sujal Patel (left) and Parag Mallick. Parag Mallick spent more than 20 years studying the intersection of software engineering and life sciences to better understand predictive and personalized medicine. Mallick and Patel teamed up to create Nautilus Biotechnology. Nautilus Photo).
And then today, another blockbuster unicorn boosted its valuation, with Seattle-based sales engagement software company Highspot raising $248 million at a $3.5 Of the 15 companies on the list, nine of the companies employ CEOs who spent time at the software giant, many in high-level executive roles. billion valuation. Founded : 2013.
The majority operate in enterprise software or cloud computing. In fact, GeekWire reported this week on a little-known enterprise software company that just joined the unicorn ranks. CEO : Bill Richter , former president of Isilon storage division at EMC. Sana Biotechnology. Valuation : $1.2 billion (as of July 2020).
From left: Cyrus Biotechnology CEO Lucas Nivon, Microsoft researcher Jonathan Carlson, Deepcell CEO Maddison Masaeli, and moderator Chris Picardo, a Madrona venture partner. Cell biology information is plagued by differences in sample collection, storage and processing, said Masaeli, hindering comparisons across datasets. IPD Image).
based enterprise software company EnterpriseDB (EDB). Founded in 2004, the company makes software to help enterprises use Postgres, an open-source database. Nitin Sood , chief commercial officer of the MRD business at Adaptive Biotechnologies, is departing. Kevin Dallas. billion acquisition by Aptiv in 2022.
But many — including Leafly, Nautilus Biotechnology, and Porch — saw shares fall rapidly after their public debuts. Highspot The sales engagement software company raised $248 million at a $3.5 Qumulo The data storage provider, founded in 2012, raised a $125 million Series E round at a $1.2 billion valuation in 2022.
Sujal Patel , for instance, crossed into life sciences after founding Madrona-backed data storage company Isilon Systems, which sold to EMC for $2.25 In 2016 he co-founded protein analysis company Nautilus Biotechnology, and Madrona crossed over with him, investing in the startup before it went public last year in a $345 million SPAC merger.
Product and service innovation: Software companies now sell AI-driven analytics as products, automakers offer AI features (like driver assist or predictive maintenance) as differentiators and healthcare firms use AI to develop new diagnostics and personalized medicine. Robotics extends beyond factories into warehousing and logistics.
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