Metly, an innovative AI platform dedicated to streamlining pharmaceutical licensing and manufacturing partnerships, has successfully secured €520,000 in an oversubscribed pre-seed funding round. This significant investment is set to accelerate the company’s mission to revolutionize how new pharma products reach the market.
The funding round was led by Encomenda, with notable participation from Ona Capital, Dozen Investments, and several strategic angel investors. This robust backing underscores confidence in Metly’s AI-driven approach to a traditionally complex and time-consuming process.
Metly’s AI platform is designed to transform the often manual and fragmented process of identifying and executing pharma partnerships. By leveraging artificial intelligence, the platform can efficiently identify new opportunities, rigorously assess strategic fit between potential partners, and facilitate direct connections. This streamlined approach significantly shortens the timelines required to bring new pharmaceutical products from concept to market.
“This funding is a pivotal moment for Metly, enabling us to further enhance our AI platform and expand our reach,” stated a representative from Metly. “We are committed to empowering pharmaceutical companies to discover and execute licensing and manufacturing partnerships with unprecedented speed and precision, ultimately accelerating access to vital medicines.”
The platform currently boasts an impressive repository of over 35,000 licensed products from 550 global licensors. With the new capital, Metly is already underway with strategic expansion plans into key markets, including the United States and China, aiming to broaden its impact on the global pharmaceutical landscape.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
