bullish
MegaRobo: China-Based Disruptor in Life Science Automation
257 Views31 Oct 2022 16:28
SUMMARY
- MegaRobo is a leader in life science automation, founded in 2016 by CEO Daniel Huang and CMO Zhixin Qiao. The company reached a unicorn valuation of $1B+ in 2022.
- MegaRobo wants to improve the efficiency of life sciences research by using robotics and AI technology. In June 2022, AI and robotics unicorn closed the $300M Series C round.
- Using AI in R&D drug discovery is gaining traction. The global lab automation market is a ~$5B opportunity and is expected to reach ~$9.4B by 2030.
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Andrei Zakharov
Covering IPOs, Healthcare and Technology Stocks
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