Feb 26, 2024 - Business

Startup uses AI to develop vaccines for future pandemics

Illustration of a dollar sign made of syringes.

Illustration: Shoshana Gordon/Axios

Baseimmune, a British startup that uses AI to develop vaccines for future pathogen mutations, raised £9 million in venture capital funding.

Why it matters: Lots of the AI chatter right now is "what comes after chatbots," and the most likely (and consequential) answers are in biotech.

Details: MSD Global Health Innovation Fund and IQ Capital co-led the Series A round for Baseimmune, and were joined by Hoxton Ventures, Creator Fund, Beast Ventures, and Maki.vc.

The big picture, per the FT: "Investment in AI-boosted vaccine development has grown since the Covid-19 pandemic, as has interest in the idea of adaptable jabs that can be quickly updated to deal with new virus mutations."

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