# Elucidata Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elucidata

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.elucidata.io
- Total disclosed funding: $23M
- Latest round: Series A (Sep 26, 2022)
- Investors on record: 4

## About

Based in Massachusetts, US, and founded in 2015, Elucidata Corporation operates as a provider of a bioinformatics platform for streamlining multi-omics data. In 2018, Elucidata Corporation entered into a four-year collaboration with Auron Therapeutics for a differentiation-based approach in identifying and validating targets for Acute Myeloid Leukemia (AML) and eight other oncology indications. Dr. Abhishek Jha and Swetabh Pathak co-founded Elucidata, and currently has offices in Cambridge, New Delhi, and Bangalore. In January 2021, the company raised a seed round led by IvyCap Ventures.

Elucidata’s engineering teams offer a cloud- and artificial intelligence-based bioinformatics platform called Polly™ Discovery that is used to store, manage, and analyze large amounts of data for drug discovery in pharmaceutical research and development laboratories. Their platform also enables research teams to access a unified environment where they can share projects, data, and results.

Elucidata's revenue is generated by offering its platform to various biotechnology companies, research laboratories, instrument vendors, and pharmaceutical companies.

Following its seed funding, the company will continue to advance the Polly™ Discovery platform with regards to its roadmap, market strategies, and long-term goal of continuing to integrate artificial intelligence in the discovery of various multi-omics data. The funds will also be used for hiring, marketing, and expanding its operations in the US.

## Funding rounds

- Series A, Sep 26, 2022, $16M — Eight Roads Ventures, F-Prime Capital, IvyCap Ventures Group, Hyperplane Venture Capital
- Seed, Jan 28, 2021, $5M — IvyCap Ventures Group, Hyperplane Venture Capital
- Seed, Jun 18, 2018, $1.7M — Hyperplane Venture Capital

## Investors

- Hyperplane Venture Capital (https://capitalatlas.ai/funds/hyperplane-venture-capital) — Seed, Series A
- IvyCap Ventures Group (https://capitalatlas.ai/funds/ivycap-ventures-group) — Seed, Series A
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A