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Venture Capital News: Valar Labs Secures $22M Series A

2024-06-03
PALO ALTO, CA, Valar Labs, the developer of computational histology AI (CHAI) tests for predicting response to cancer therapies, has announced a $22 million Series A financing.
The funding follows Valar Labs' completion of a recent international, multi-institution validation study and subsequent launch of Vesta, the first AI-based diagnostic test to predict response to first line treatment in bladder cancer. The Series A financing round was led by leading venture capital firms DCVC and Andreessen Horowitz (a16z) Bio + Health with participation from Pear VC. Vineeta Agarwala, MD, PhD, General Partner at a16z Bio + Health, and James Hardiman, General Partner at DCVC, will be joining the Board of Directors.

Valar Labs is a precision medicine company developing computational histology AI tests for predicting response to cancer therapies. Our goal is to provide every patient and physician the ability to select the best treatment based on the patient's tumor biology. Our bladder cancer test, Vesta, predicts which patients are unlikely to benefit from BCG therapy and provides detailed risk stratification for recurrence and progression.
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