
A young California start-up wants to do for drug development what enterprise software did for accounting and sales: put the whole thing in one connected system. Cheiron, based in Los Altos, has raised $8 million in seed funding to build what it calls an AI-native operating system for drug programs.
The round was led by Menlo Ventures, whose partner Venky Ganesan is joining the board. It drew a striking roster of strategic backers, among them Moderna (Nasdaq: MRNA) co-founder and MIT professor Robert Langer, former Pfizer (NYSE: PFE) chief medical officer Freda Lewis-Hall, and former Apple (Nasdaq: AAPL) artificial intelligence chief John Giannandrea.
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