Leucine, a New York-based B2B SaaS startup specializing in pharmaceutical manufacturing, secured $7 million in Series A funding.
In addition to its funding, Leucine also announced the beta launch of Leucine 10X, an AI framework that performs specialized tasks like digitizing paper-based SOPs and creating dynamic production plans with production managers to ensure on-time batch delivery.
SaaS Investors
The round was led by Ecolab Inc., with participation from Pravega Ventures, Axilor Ventures, Techstars, and angel investors.
Ecolab Inc. is a food safety company that offers water, hygiene, and infection prevention solutions and services that protect people. Based in Saint Paul, MN, Ecolab serves customers in water, manufacturing, and life sciences end markets, selling customized solutions.
Leucine Use of Funds
The funding will be used to accelerate the development of Leucine's Compliance Cloud platform, which uses AI-driven tools to revolutionize pharmaceutical manufacturing.
The company plans to expand its offerings and improve its AI capabilities.
About Leucine
Founded in 2019, Leucine is an AI-powered platform that helps pharmaceutical manufacturers in staying compliant and audit-ready. Leucine's Compliance Cloud platform offers real-time performance monitoring, compliance management, and actionable insights for pharmaceutical manufacturers, helping to reduce compliance issues and improve manufacturing efficiency. The platform leverages AI to digitize paper standard operating procedures (SOPs) into execution-ready digital formats, making it easier for manufacturers to implement.
Leucine is currently used by over 30 companies in more than 300 pharmaceutical manufacturing facilities in 10 countries, including the U.S., India, Brazil, Mexico and the United Arab Emirates. Its target customers include new biotech firms and pharmaceutical giants.
Funding Details
Company: Leucione, Inc.
Raised: $7.0M
Round: Series A
Funding Month: October 2023
Lead Investors: Ecolab Inc.
Additional Investors: Pravega Ventures, Axilor Ventures, Techstars
Company Website: https://www.leucine.io/
Software Category: Pharmaceutical Manufacturing Compliance Software
Source: https://techcrunch.com/2023/10/16/leucine/