Pathos AI raises $365M at $1.6B valuation
Pathos AI, a New York drug development startup, raised $365 million in a Series D at a $1.6 billion valuation.
Why it matters: The round represents investors' continued interest in platforms using AI for drug development.
Follow the money: The financing brings Pathos AI's total funding to around $467 million, per PitchBook data.
Pathos AI did not disclose Series D investors. Backers in prior rounds included New Enterprise Associates, Revolution and Builders VC, PitchBook says.
Pathos AI last raised $62 million in 2024.
Catch up quick: Pathos AI was launched in 2020 by executives at Chicago-based precision medicine company Tempus, which went public last year.
Tempus CEO and serial entrepreneur Eric Lefkofsky and chief operating officer Ryan Fukushima are listed as Pathos AI chairman and board member, respectively, on the company's website.
Iker Huerga, a Tempus and AstraZeneca alum, joined Pathos AI as CEO earlier this month.
How it works: Pathos AI says it has developed an AI-enabled platform to develop oncology drugs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
26 minutes ago
- The Hill
A British TV art expert who sold works to a suspected Hezbollah financier is sentenced to prison
LONDON (AP) — An art expert who appeared on the BBC's Bargain Hunt show was sentenced Friday to two and a half years in prison for failing to report his sale of pricey works to a suspected financier of Lebanon's militant Hezbollah group. Oghenochuko Ojiri, 53, pleaded guilty to eight offenses under the Terrorism Act 2000. The art sales took place between October 2020 and December 2021. Ojiri, who also appeared on the BBC's Antiques Road Trip, faced a possible sentence of five years in prison in the hearing at London's Central Criminal Court, which is better known as the Old Bailey. In addition to the prison term, Justice Bobbie Cheema-Grubb said Ojiri faces an additional year on license. Ojiri sold about 140,000 pounds ($185,000) worth of artworks to Nazem Ahmad, a diamond and art dealer sanctioned by the U.K. and U.S. as a Hezbollah financier. The sanctions were designed to prevent anyone in the U.K. or U.S. from trading with Ahmad or his businesses. 'This prosecution, using specific Terrorism Act legislation, is the first of its kind and should act as a warning to all art dealers that we can, and will, pursue those who knowingly do business with people identified as funders of terrorist groups,' said Commander Dominic Murphy, head of the Metropolitan Police's Counter Terrorism Command. The Met's investigation into Ojiri was carried out alongside Homeland Security in the U.S., which is conducting a wider investigation into alleged money laundering by Ahmad using shell companies. Ahmad was sanctioned in 2019 by the U.S. Treasury, which said he was a prominent Lebanon-based money launderer involved in smuggling blood diamonds, which are mined in conflict zones and sold to finance violence. Two years ago, the U.K. Treasury froze Ahmad's assets because he financed Hezbollah, the Iranian-backed Shiite militant organization that has been designated an international terrorist group. Following Ojiri's arrest in April 2023, the Met obtained a warrant to seize a number of artworks, including a Picasso and Andy Warhol paintings, belonging to Ahmad and held in two warehouses in the U.K. The collection, valued at almost 1 million pounds, is due to be sold with the funds to be reinvested back into the police, the Crown Prosecution Service and the Home Office.
Yahoo
31 minutes ago
- Yahoo
Graco Announces Regular Quarterly Dividend
MINNEAPOLIS, June 06, 2025--(BUSINESS WIRE)--The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 27.5 cents ($0.275) per common share, payable on August 6, 2025, to shareholders of record at the close of business on July 21, 2025. The company has approximately 165.6 million shares outstanding. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at View source version on Contacts FOR FURTHER INFORMATION: Investors: David M. Lowe, 612-623-6456 Media: Meredith A. Sobieck, 763-353-1498Meredith_A_Sobieck@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
A British TV art expert who sold works to a suspected Hezbollah financier is sentenced to prison
LONDON (AP) — An art expert who appeared on the BBC's Bargain Hunt show was sentenced Friday to two and a half years in prison for failing to report his sale of pricey works to a suspected financier of Lebanon's militant Hezbollah group. Oghenochuko Ojiri, 53, pleaded guilty to eight offenses under the Terrorism Act 2000. The art sales took place between October 2020 and December 2021. Ojiri, who also appeared on the BBC's Antiques Road Trip, faced a possible sentence of five years in prison in the hearing at London's Central Criminal Court, which is better known as the Old Bailey. In addition to the prison term, Justice Bobbie Cheema-Grubb said Ojiri faces an additional year on license. Ojiri sold about 140,000 pounds ($185,000) worth of artworks to Nazem Ahmad, a diamond and art dealer sanctioned by the U.K. and U.S. as a Hezbollah financier. The sanctions were designed to prevent anyone in the U.K. or U.S. from trading with Ahmad or his businesses. 'This prosecution, using specific Terrorism Act legislation, is the first of its kind and should act as a warning to all art dealers that we can, and will, pursue those who knowingly do business with people identified as funders of terrorist groups,' said Commander Dominic Murphy, head of the Metropolitan Police's Counter Terrorism Command. The Met's investigation into Ojiri was carried out alongside Homeland Security in the U.S., which is conducting a wider investigation into alleged money laundering by Ahmad using shell companies. Ahmad was sanctioned in 2019 by the U.S. Treasury, which said he was a prominent Lebanon-based money launderer involved in smuggling blood diamonds, which are mined in conflict zones and sold to finance violence. Two years ago, the U.K. Treasury froze Ahmad's assets because he financed Hezbollah, the Iranian-backed Shiite militant organization that has been designated an international terrorist group. Following Ojiri's arrest in April 2023, the Met obtained a warrant to seize a number of artworks, including a Picasso and Andy Warhol paintings, belonging to Ahmad and held in two warehouses in the U.K. The collection, valued at almost 1 million pounds, is due to be sold with the funds to be reinvested back into the police, the Crown Prosecution Service and the Home Office.
