Atomico

We are pleased to announce we are doubling down on our initial partnership with Healx, the AI-enabled clinical-stage biotech company specialising in treatments for rare diseases, to co-lead their $47m Series C today alongside R42 Group. 💊 This comes at an exciting time for Healx, who are also announcing US FDA Clearance of Phase 2 clinical trials for the treatment of neurofibromatosis Type 1 (NF1), which is a rare genetic disorder affecting 1 in 2,500 people. Patients with NF1 develop multiple benign and malignant tumours that grow along nerves and can cause pain and disfigurement, reducing life expectancy and quality of life. 🌳 Founded in Cambridge in 2014 by Tim Guilliams, Ph.D and David Brown, Ph.D, Healx harnesses AI to increase speed and efficiency of the R&D process for discovering new treatments for rare diseases. 💰 Remarkably, the commercial model for traditional drug discovery takes 12–15 years with a price tag of between $2–3bn, and a failure rate of 95%. There are approximately 7,000 rare diseases in the world, with 400 million people impacted - half of which are children. Many of these can be chronic or life threatening. Only 5% have a treatment. 🤖 Sitting behind all of this progress is Healnet - Healx’s proprietary novel AI drug discovery engine that combines deep scientific expertise and extensive proprietary data, and allows the team to move towards clinical trials 80% faster, 80–90% cheaper and with a greater chance of success than conventional drug discovery methods. ❤️ Beyond the statistics, however, this approach can change - and save - lives. We’re exceptionally proud of what Tim Guilliams, David and the team at Healx have achieved so far and we’re humbled to be part of their next chapter. Read more here: https://lnkd.in/eDFTj8en

We’re pleased to announce our partnership with Zurich and SF-based Lakera today! Lakera is the world’s leading real-time Generative AI (GenAI) Security company. If you’re building GenAI apps for your business, did you know... It’s been predicted that by 2026, 80% of enterprises will have used GenAI or GenAI-enabled applications in production environments, up from less than 5% in 2023. While GenAI could add an estimated $4.4 trillion annually to global GDP, cybersecurity remains the second most-cited risk associated with its adoption as traditional cyber tools are ill-equipped to address the novel dangers it poses. The spectrum of LLM vulnerabilities is both diverse and severe: 1. GenAI introduces prompt attacks as the most widely accessible hacking method. In the past, hackers needed to be able to code - but now, the only barrier to entry is being able to talk. 2. Prompt attacks can easily be used to manipulate GenAI so that a malicious actor can gain unauthorized access to a company’s systems, steal confidential data, take unauthorized actions, and generate harmful content. 3. AI "sleeper agents" can lie dormant until activated for malicious purposes. Jailbreaking techniques can compromise powerful models in mere minutes. 4. AI-targeted worms can bypass security measures, harvesting data and launching widespread attacks. 5. Most alarmingly, researchers have shown the ability to jailbreak a million LLM agents with a single image in just 27-31 chat rounds, demonstrating the potential for rapid, large-scale compromises. Lakera's comprehensive approach to AI security delivers three key benefits for enterprises: protection that doesn’t slow down their AI applications; the ability to stay ahead of AI threats with continuously evolving intelligence; and centralized implementation of AI security controls. Read more about why we were so excited to Partner with David Haber, Matthias Kraft, Mateo Rojas-Carulla and the entire Lakera team here: https://lnkd.in/eHcy_NYH

We partnered with DeepL at the start of 2023 because we share their vision for technology to drive collaboration across the world. For an update on how the team has been doing since then, listen to this great conversation with Jaroslaw (Jarek) Kutylowski and Sifted. From taking on Google Translate, undertaking new research on AI, and growing to almost 1,000 people globally, it’s been a busy year and a half! Listen to the full podcast below 👇 https://lnkd.in/eP5tRm4k

Watch Bird's Robert Vis on stage with our own Niklas Zennström discussing the *true* art of disruption. It's not about changing an industry in the short-term, but striving for enduring value cc. Founders Forum Group, Bloomberg #ffglobal2024 https://lnkd.in/eh-UmZG8

We’re delighted to announce that we’re partnering with Light to lead their $13 million Seed round. Light has re-imagined the ERP concept from the ground up to deliver a financial suite that can dramatically help modern businesses through a general ledger that can run all of a company’s global transactions seamlessly. Since it was created in the 1980s, ERP (Enterprise Resource Planning) software has become widely adopted and sits underneath most businesses’ operations. It’s a market now valued at $81.5 billion and is projected to grow to $240 billion by 2032. But the incumbent software solutions were built for the businesses of forty years ago, rather than today's modern, global-first companies. What’s more, the general ledger has never really been fully solved by existing ERP software, and multinational businesses only have two options for their virtual general ledger: either manually reconcile single-entity based SMB accounting tools or spend months implementing a costly, enterprise-grade full ERP suite. Enter Light, founded by Jonathan Sanders and Filip Kozjak with a vision to transform the ERP suite. With Light: ✅ Companies can unify accounting, tax, payments and reporting across multiple countries and currencies. 🤖 Their AI can clean transactional data quickly and precisely, and ensure it is correctly recorded in the ledger. 💸 Users can save time and money and achieve greater accuracy with Light’s full-powered infrastructure and slick interface. Read the full story here👇 https://lnkd.in/eNRpzcDy

We are pleased to have contributed to ESG_VC’s latest research in partnership with the British Private Equity & Venture Capital Association (BVCA)...   We’ve worked with ESG_VC to compile ESG data from 587 portfolio companies backed by leading VCs across Europe.   The findings offer the most comprehensive benchmarking of ESG performance across start-ups and scale-ups, and how this performance differs by stage, sector, and geography.   Key takeaways from this year’s report include:   🌳 Over the past year, the proportion of start-ups measuring their carbon footprint has almost doubled… 📃 Start-ups are investing heavily in people, talent and training, with 57% now offering study support to staff and 47% offering internships, apprenticeships or trainee programmes… 🤖 Responsible use of AI is an increasing focus for start-ups – 31% now offer training or codes of conduct on the topic – but is this keeping pace with the boom in generative AI?   Check it out via the link below!   #ESG_VC #sustainability #responsibleinvesting   https://lnkd.in/dr7EfT9X

An opportunity to join our partners, TERN - The Entrepreneurial Refugee Network, to bring the new Refugee Venture Fund to market. Please share to find an excellent Fund Manager with a track record of advocating for equity in the VC community and lived experience of forced migration, alongside knowledge of the entrepreneurial ecosystem, direct investing and fundraising.

Congratulations to Jaroslaw (Jarek) Kutylowski and the entire DeepL team on today's fundraising news. DeepL is the world's leading AI Language company, and this latest round is testament to the enormous progress they've made on their mission to transform the way companies around the world communicate. To our friends at Index Ventures, ICONIQ Capital and Ontario Teachers' Pension Plan - welcome to an incredible journey. One where using neural networks can expand human possibilities, overcome language barriers and bring cultures closer together. We look forward to working closely with you to support DeepL's next phase of growth. Full story below 👇 https://lnkd.in/emYQqBwY

Today we're launching our first sustainability report - Conscious Scaling 2.0 This shares more about.... 🌲 Atomico's Planet Positive approach to investing 🌿 Our sustainability initiatives 👋 ESG & DEI data for Atomico and our portfolio ✏️ Case studies & industry resources You might be wondering why it's called '2.0'. At Atomico, we choose to partner with ambitious founders using technology to rewire the world in favour of something better. Maintaining a purposeful approach at scale requires commitment, and in 2020 we launched Conscious Scaling to help - a framework for founders to understand the impact of their technologies for society, the environment and other stakeholders. Since then, Conscious Scaling has evolved into a far more comprehensive programme of sustainability initiatives for Atomico, our founders and partners, that we call Conscious Scaling 2.0. This report brings together those initiatives, our learnings so far and helps us stay accountable to our future goals. It is far from complete, and there is much work left to do. But we’re excited to share our progress. A special shout out to some of our incredible portfolio companies, including FabricNano, Aiven, Vaayu, Opna , LabGenius, TestGorilla, Pelago, DeepL, Pocketlaw & Strise as well as Black Seed and Unconventional Ventures who kindly shared their case studies highlighting some of the action they are taking to scale sustainably. A huge thank you to our partners - VentureESG, ESG_VC, Investing in Women Code, Diversity VC, Level 20, TERN, YSYS, Colorintech, Out Investors, SEO London, Apiday, Anthesis Group - without whom the progress we are reporting on would not have been possible. Read the full report here. https://lnkd.in/ev7wRp2B

Today we're launching our first sustainability report - Conscious Scaling 2.0 This shares more about.... 🌲 Atomico's Planet Positive approach to investing 🌿 Our sustainability initiatives 👋 ESG & DEI data for Atomico and our portfolio ✏️ Case studies & industry resources You might be wondering why it's called '2.0'. At Atomico, we choose to partner with ambitious founders using technology to rewire the world in favour of something better. Maintaining a purposeful approach at scale requires commitment, and in 2020 we launched Conscious Scaling to help - a framework for founders to understand the impact of their technologies for society, the environment and other stakeholders. Since then, Conscious Scaling has evolved into a far more comprehensive programme of sustainability initiatives for Atomico, our founders and partners, that we call Conscious Scaling 2.0. This report brings together those initiatives, our learnings so far and helps us stay accountable to our future goals. It is far from complete, and there is much work left to do. But we’re excited to share our progress. A special shout out to some of our incredible portfolio companies, including FabricNano, Aiven, Vaayu, Opna , LabGenius, TestGorilla, Pelago, DeepL, Pocketlaw & Strise as well as Black Seed and Unconventional Ventures who kindly shared their case studies highlighting some of the action they are taking to scale sustainably. A huge thank you to our partners - VentureESG, ESG_VC, Investing in Women Code, Diversity VC, Level 20, TERN, YSYS, Colorintech, Out Investors, SEO London, Apiday, Anthesis Group - without whom the progress we are reporting on would not have been possible. Read the full report here. https://lnkd.in/ev7wRp2B