PhnyX Lab raises $4 mil. in funding round led by SK Networks

PhnyX Lab, a pioneering generative AI startup transforming operations in the life sciences sector, has announced the successful close of a $4 million seed round through a SAFE (simple agreement for future equity). The round was led by SK Networks, with participation from several prominent angel investors including Aidan Gomez, co-founder and CEO of Cohere, and Illia Polosukhin, co-founder of NEAR Protocol, both of whom are original co-authors of “Attention Is All You Need,” the paradigm-shifting paper that ushered in the transformer era and laid the foundation for today’s generative AI models. Their involvement follows extensive discussions with both Choi Sung-hwan, executive adviser to PhnyX Lab and COO of SK Networks, and Bae Min-seok, CEO of PhnyX Lab, reflecting a shared conviction in the transformative role of AI. “This funding marks an important milestone that reflects PhnyX Lab’s potential to fundamentally transform how life science companies work,” Bae said. “Our mission goes beyond improving efficiency — we’re reimagining the way critical work gets done, helpinWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times