# Persist AI Formulations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/persist-ai-formulations

- Industry: Biotechnology
- Headquarters: West Sacramento, US
- Website: www.persist-ai.com
- Total disclosed funding: $17M
- Latest round: Series A (May 19, 2025)
- Investors on record: 16

## About

Based in California, US, and founded in 2022, Persist AI Formulations Corp. provides AI-driven automation to reduce formulation development time. The company was founded by its COO, Christopher Shelner, and CEO, Karthik Raman. In May 2025, Persist AI Formulations Corp raised USD 12 million in series A funding led by new investor Spero Ventures, with participation from other new investors MBX Capital, Global Brain, Eli Lilly & Company, SignalFire, Ford Street Capital, Purdue Ventures, Good AI Capital, Cartography Capital, and Asymmetry Ventures. Returning investors 2048 Ventures, Innospark Ventures, and Y Combinator also participated in the round. The company shortened the long-acting microsphere formulations using automation and machine learning. The firm's service range includes high-end formulation screening, automated drug release testing, method transfer, and manufacturing scale-up. The firm's capabilities include rapid formulation, sterilization, scale-up, and stability testing. The company will use the May 2025 funding to expand the robotic lab and further develop its AI models.

## Funding rounds

- Series A, May 19, 2025, $12M — Y Combinator, Global Brain, Eli Lilly & Company, SignalFire, Good AI Capital, Spero Ventures, 2048 Ventures, Innospark Ventures, Asymmetry Ventures, MBX Capital, Cartography Capital, Ford Street Capital, Purdue Ventures
- Seed, Apr 13, 2023, $4.9M — Y Combinator, Pioneer Fund, 2048 Ventures, Innospark Ventures, Jovono, Fellows Fund

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- 2048 Ventures (https://capitalatlas.ai/funds/2048-ventures) — Seed, Series A
- Innospark Ventures (https://capitalatlas.ai/funds/innospark-ventures) — Seed, Series A
- Jovono (https://capitalatlas.ai/funds/jovono) — Seed
- Fellows Fund (https://capitalatlas.ai/funds/fellows-fund) — Seed
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- Eli Lilly & Company — Series A
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Series A
- Good AI Capital (https://capitalatlas.ai/funds/good-ai-capital) — Series A
- Spero Ventures (https://capitalatlas.ai/funds/spero-ventures) — Series A
- Asymmetry Ventures (https://capitalatlas.ai/funds/asymmetry-ventures) — Series A
- MBX Capital (https://capitalatlas.ai/funds/mbx-capital) — Series A
- Cartography Capital (https://capitalatlas.ai/funds/cartography-capital) — Series A
- Ford Street Capital — Series A
- Purdue Ventures — Series A