Funding

DataHow funding news – Switzerland-based DataHow Secures an Undisclosed Amount Series A Round Funding

May 31, 2024 | By Team SR

DataHow, a leader in AI-powered solutions for bioprocess development and manufacturing, secures an undisclosed amount series A round investment led by Momenta, the leading industrial impact venture capital firm.

DataHow, a leader in AI-powered solutions for bioprocess development and manufacturing, secures an undisclosed amount series A round investment led by Momenta, the leading industrial impact venture capital firm.

SUMMARY

  • DataHow, a leader in AI-powered solutions for bioprocess development and manufacturing, secures an undisclosed amount series A round funding .
  • DataHow is a Swiss technology company specialized in bioprocess data analytics and modeling that believes that data and smart, digital technologies will transform bioprocess development and manufacturing.

This investment, along with the participation from Rockwell Automation and Zürcher Kantonalbank, will allow the Zurich-based company to accelerate the deployment of its digital bioprocess development and manufacturing platform, DataHowLab.

An ETH spin-off founded in 2017 by a team of experienced researchers with industry experience, DataHow has pioneered the development of hybrid models for bioprocess development, implementing their innovative technologies with many of the biopharmaceutical industry's largest players.

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Combining hard-coded process knowledge with data-driven AI algorithms, DataHow’s hybrid models provide process engineers with richer process insight when developing complex manufacturing processes while requiring less data.

The investment underlines the belief that it’s technology will transform digital bioprocessing and play a vital role in the biopharmaceutical industry's digitalisation drive. The capital raise will accelerate the development of it and its deployment in the market and provide the firm with two strong investment partners, Momenta and Rockwell Automation, with expertise in industrial automation and digital transformation.

Dr. Alessandro Butté, CEO and co-founder of DataHow said, “We sought investment partners that understand the impact of digital on manufacturing, and are deeply-rooted in the market, ecosystem, technology, and culture. We have a deep understanding of research and development but need partners now to help us scale up our market and solutions towards manufacturing and regulated production environments.”

Ken Forster, Executive Director of Momenta said, "The past several years have reinforced the value of flexible and rapid scale in bioprocess manufacturing, quickly bringing new medicines and compounds to improve the environment, and people's quality of life, DataHow is a pioneer in applying AI models to accelerate the scale-up of bioprocess manufacturing.”

Arvind Rao, vice president, Industry Solutions at Rockwell Automation said, “We are excited to support DataHow in expanding their capabilities from early-stage process development to commercial manufacturing,” “With Rockwell’s engagement, it can provide customers with a complete set of solutions from the lab to commercial scale manufacturing that will accelerate time to market (including batch release), increase product yields, and reduce costs.”

About DataHow

DataHow is a Swiss technology company specialized in bioprocess data analytics and modeling that believes that data and smart, digital technologies will transform bioprocess development and manufacturing. It's aims to be a key enabler of the industry’s digital transformation with its’ AI-enabled bioprocess solutions and digital twin technologies.

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