Network Bio, which is developing an AI foundation model from datasets of patient tissue and blood samples created by pooling access to biobanks, raised $50M (Brian Gormley/Wall Street Journal)

Network Bio, a company focused on developing an AI foundation model, has successfully raised $50 million. This funding will support their work in creating an AI model from datasets derived from patient tissue and blood samples. These samples are gathered by pooling access to various biobanks. With this capital, Network Bio intends to provide virtual access to these valuable tissue and blood samples from leading academic hospitals, advancing their research and development efforts in the field.