Stories

PITTSBURGH, PA—Cernostics, a biotech firm that uses AI and spatial biology to identify the presence or development of esophageal cancer in tissue biopsies, has been acquired by Castle Biosciences for…

$118M for addiction care model ANN ARBOR, MI—Circumstances created by the pandemic dramatically increased the risk factors associated for substance use. WorkIt Health is establishing a new model for addiction…

COLUMBUS, OH—With just over two months left in the year, Ohio’s startups and high-growth technology companies have for the first time topped $2 billion in venture capital investment. The Columbus region…

High Alpha helps launch two innovative startups INDIANAPOLIS, IN—There’s a lot going on at High Alpha. Two innovative startups have launched out of the Indy-based venture studio. First, is an e-commerce platform…

Duke to develop pan-coronavirus vaccine DURHAM, NC—Researchers from Duke University have received a grant to roll out a next-generation coronavirus vaccine. The $17.5 million grant, which came from The National…

EDEN PRAIRIE, MN—Abilitech Medical, which creates assistive technology to help those with upper-limb neuromuscular weakness or injury, raised $2.9 million in capital thought a convertible note. Thirteen investors took part in the…

CINCINNATI, OH—CinCor announced the completion of a $143 million Series B financing round. This will support the continued development of a treatment for hypertension, primary aldosteronism and chronic kidney disease.…

New digital manufacturing tech center CARMEL, IN—Telamon Robotics and Purdue University Manufacturing Extension Partnership have partnered to open the Digital Manufacturing Technology Center at Telamon’s headquarters in Carmel. The center…

At-home COVID test gets emergency use authorization BURLINGTON, NC—The FDA granted an emergency use authorization for an at-home COVID-19 and flu test kit by Labcorp. Users swab their nose and…

ST. LOUIS, MO—People with REM sleep behavior disorder act out their dreams (if they’re running in a dream, they might move their legs). A team at Washington University School of…

NASHVILLE, TN—Construction finance platform Built Technologies announced $125 million in Series D funding at a valuation of $1.5 billion. Lead investor TCV, along with Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital…

Astrobotic’s first mission to the moon PITTSBURGH, PA—Astrobotic, a lunar logistics company, is looking at next year’s calendar to set a date for sending the first commercial mission to the moon and…

Twice-daily pill to treat COVID CHAPEL HILL, NC—Scientists at the University of North Carolina at Chapel Hill say a twice-daily pill – molnupiravir – could change the way COVID-19 is treated. Strong clinical…

CLEVELAND, OH—A revolutionary technology developed by MediView holds “the promise of X-ray vision for surgeons” using augmented reality. The tech allows a health care professional to wear glasses that let them…

Big win in Kentucky KENTUCKY—The Bluegrass State has landed the single largest economic development project in its history, a $5.8 billion investment by Ford Motor Corp. and South Korea-based SK…

KANSAS CITY, MO—FoxPoint Trucks, LLC, a technology enabled, specialty finance truck leasing company has raised $85 million of capital to support its continued expansion. Gordon Brothers, a global investment firm,…

Changing treatment for COVID patients MADISON, WI—A new pharmaceutical therapy created by biotech Nano RED could change the way doctors treat patients with COVID. The therapy binds to surface proteins on…

COLUMBUS, OH—The National Institute of Neurological Disorders and Strokes has allocated $16 million toward a seven-year, multicenter research project led by The Ohio State University Wexner Medical Center and College of Medicine that will compare inpatient…

RALEIGH, NC—AgBiome, a company that discovers and develops innovative biological and trait products for crop protection, has landed $116 million in a funding round co-led by Blue Horizon, Novalis LifeSciences and…