Weather Data Source: forecast for Austin

Colossal Biosciences Raises $200 Million in Dallas

Article Sponsored by:

Want to target the right audience? Sponsor our site and choose your specific industry to connect with a relevant audience.

What Sponsors Receive:
Prominent brand mentions across targeted, industry-focused articles
High-visibility placements that speak directly to an engaged local audience
Guaranteed coverage that maximizes exposure and reinforces your brand presence
Interested in seeing what sponsored content looks like on our platform?
Browse Examples of Sponsored News and Articles:
May’s Roofing & Contracting
Forwal Construction
NSC Clips
Real Internet Sales
Suited
Florida4Golf
Click the button below to sponsor our articles:
Colossal Biosciences Lab

News Summary

Colossal Biosciences Inc., a pioneering startup in Dallas, has raised $200 million in funding, pushing its valuation to $10.2 billion. The company aims to bring back extinct species like the woolly mammoth through advanced genetic editing. With support from high-profile investors and plans for a new 45,000-square-foot lab, Colossal is set to lead the way in de-extinction and conservation, while also exploring scientific applications that can benefit human health and agriculture.

Big Things Happening in Dallas: Colossal Biosciences Scores Major Funding

In the heart of Dallas, some truly exciting developments are taking center stage that may shift how we view extinct species. Colossal Biosciences Inc., a pioneering startup rooted right here in Texas, has successfully raised an astonishing $200 million in its most recent funding round. This cash influx elevates the company’s valuation to a remarkable $10.2 billion, marking it as the first Texas-founded and headquartered enterprise to snag the coveted title of “decacorn.”

Transforming Dreams into Reality

So, what’s the mission of Colossal? They are diving headfirst into the world of cutting-edge genetic editing with a daring goal to resurrect the iconic woolly mammoth. Imagine these majestic giants from the Ice Age striding across the earth once again! But that’s just the beginning; Colossal is also tackling the ambitious task of reviving other long-lost species like the thylacine, or Tasmanian tiger, and the beloved dodo bird.

With a talented team of around 170 employees and numerous postdoctoral scholars scattered throughout labs in Austin, Dallas, Boston, and even Melbourne, Australia, this startup is making swift progress beyond anyone’s expectations. The latest round of funding will not only allow them to grow their workforce but also support the construction of a spacious 45,000-square-foot genetics lab right in Dallas, set to open later this year. That’s a whole lot of room for some groundbreaking research!

Backing from the Big Players

Colossal isn’t just your typical startup; it’s garnering interest from some heavy hitters in the investment community. Among its supporters are well-known figures such as Tom Brady, Tiger Woods, and Tony Robbins, alongside visionary venture firms like Breyer Capital. With an impressive total funding of $435 million since launching in 2021, it’s no wonder investors are eager to support a venture that promises significant scientific and environmental advancements.

Innovation and Collaboration

Now, let’s delve into the science—what’s fueling all this ambition? Researchers at Colossal are making remarkable strides in deciphering the genomes of elephants, linking it to the preserved DNA of mammoths. This understanding is a pivotal step toward crafting a living woolly mammoth. They are also exploring the development of artificial wombs to facilitate the birth of these colossal creatures.

But their innovative streak doesn’t stop at mammoths. They’ve also launched spinoff companies like Form Bio, which focuses on computational life sciences, and Breaking, a venture aimed at using synthetic biology to combat plastic waste. Their collaborative approach is evident in partnerships with conservation groups, offering free access to their groundbreaking technologies while generating revenue through alliances with governments and businesses.

A Foundation for Conservation

Colossal has also founded the Colossal Foundation, boasting a solid $50 million in funding aimed at conservation initiatives for at-risk species. This initiative demonstrates their commitment not only to *de-extinction* but also to enhancing biodiversity and environmental stewardship on the planet.

Wider Implications

The groundbreaking work happening at Colossal has implications that stretch far beyond the ambition of reviving ancient species. They are investigating applications that could enhance human health and make a positive impact on agriculture, such as developing drought-resistant cattle. This innovation could help tackle challenges posed by climate change, making it increasingly critical in today’s fast-changing landscape.

Under the leadership of co-founder and CEO Ben Lamm, Colossal is set to reshape how we think about conservation and *de-extinction*. Their pioneering efforts are paving the way for substantial environmental benefits and a fresh approach to preserving endangered ecosystems.

Texas Leading the Charge

With Colossal Biosciences on this groundbreaking journey, it’s evident that Texas is cultivating its reputation as a leader in innovative science and conservation initiatives. Who knows? The dream of witnessing a woolly mammoth graze in a park might not be as far-fetched as it once appeared. With all the promising developments around the corner, Colossal is certainly a name to keep an eye on!

Deeper Dive: News & Info About This Topic

HERE Austin
Author: HERE Austin

ADD MORE INFORMATION OR CONTRIBUTE TO OUR ARTICLE CLICK HERE!
Article Sponsored by:

Want to target the right audience? Sponsor our site and choose your specific industry to connect with a relevant audience.

What Sponsors Receive:
Prominent brand mentions across targeted, industry-focused articles
High-visibility placements that speak directly to an engaged local audience
Guaranteed coverage that maximizes exposure and reinforces your brand presence
Interested in seeing what sponsored content looks like on our platform?
Browse Examples of Sponsored News and Articles:
May’s Roofing & Contracting
Forwal Construction
NSC Clips
Real Internet Sales
Suited
Florida4Golf
Click the button below to sponsor our articles:

Construction Management Software for Contractors in Austin, TX

For contractors in Austin, TX, CMiC offers a comprehensive construction management software designed to increase efficiency and visibility across all project stages. The Single Database Platform™ centralizes data, allowing for real-time access to financials, resource allocation, and field operations. Austin’s rapidly growing construction industry requires scalable solutions, and CMiC delivers a proven system to help contractors maintain control over complex projects while minimizing risks.

Learn More about CMiC’s offerings here. 

Stay Connected

More Updates

Celebrating Black History Month in Texas Community

Celebrating Black History Month in Texas

News Summary February is here, and Texans are encouraged to uplift their communities by supporting Black-owned businesses in celebration of Black History Month. From thrilling

Would You Like To Add Your Business?

Sign Up Now and get your local business listed!