Baiyao Technology completes a new round of financing worth tens of millions of yuan.

On June 5th, AI virtual cell platform company Baiyao Technology announced the completion of a new round of financing of tens of millions of yuan. This round of financing was led by the national-level state-owned capital operation platform China New Development Fund, with follow-up investments from Daotong Capital and Yunqi Capital, and additional investments from existing shareholders Fung Rui Capital and Baidu Ventures (BV). The funds raised in this round will be mainly used for the development of a new generation of virtual cell algorithm models, exclusive data collection, and accelerating industrialization. Baiyao Technology has been building a large model of AI virtual cells since 2023, with the aim of achieving precise analysis and prediction of cell behavior and state changes.