Bioz, Inc., a Palo Alto, CA-based search engine for life science experimentation, raised $3M in funding.
The round was led by 5AM Ventures, with participation from Stanford-StartX Fund, Astia Angels and other institutional and individual investors, including Esther Dyson.
The funding will be used for platform development, building the user base, increasing global awareness and growing the business.
Co-founded by serial entrepreneur and CEO Daniel Levitt, and Stanford research scientist and CSO Karin Lachmi, Ph.D., Bioz provides a cloud search engine built for life science experimentation.
The platform’s patent-pending software architecture leverages Natural Language Processing (NLP) and Machine Learning (ML) to mine and structure hundreds of millions of pages of complex and unstructured scientific papers to allow researchers to select products, plan experiments, write papers, apply for grants and collaborate, speeding up experimentation and drug discovery.
During the early beta program, the solution has been used by over 30,000 users from academic research labs and industry R&D labs, from more than 1,000 universities and biopharma companies, from 40 countries.
The company has also introduced Bioz Stars, a rating system to help scientists around the world to quickly identify the right products for their experiments.
Bioz Stars are objective algorithmic ratings that are displayed for over 200 million life science products, tools, reagents, lab equipment, instruments, assays and kits.