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Acceleration

Feb 24, 2025

  • Raised $2.6M, first half of $5M seed equity round led by Ferocity Capital
  • Awarded DARPA SBIR ($1.8M) for production of materials for IND-enabling studies
  • Selected as an awardee of the BLUE KNIGHT™ Resident QuickFire Challenge ($250K): Promoting Pivotal Progress
  • Exclusive licensing agreement with Chrysea for biosynthetic hemoglobin production
  • Selected to join BLUE KNIGHT™
  • Featured in The New Yorker: The Long Quest for Artificial Blood
  • Qualified Maryland Biotech Company (QMBC) for State Biotech Investment Initiative Tax Credit (BIITC)
  • Subcontract for DARPA FSHARP renewed for Year 3
  • Team expanded to 12 employees
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