Private Equity

VC Fund Investments

AlgoBio raises $2.5 M from Bharat Innovation Fund, Axilor Ventures

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Bengaluru-headquartered deeptech startup Algorithmic Biologics (AlgoBio) has raised USD 2.5 million led by Bharat Innovation Fund (BIF) with participation from Axilor Ventures. The startup had previously raised seed capital from Axilor in January 2022.Founded by Manoj Gopalkrishnan, AlgoBio uses advanced algorithms and artificial intelligence to improve molecular testing efficiency and scale. The new funding will be used to support the product pipeline, build its sales team and expand its presence across geographies.