Loading organizations...
Loading organizations...

Developing long-lasting drug formulations 50% faster
Persist AI has raised $16.0M across 2 funding rounds.
Persist AI was founded in 2022 by Karthik Raman (Founder) and Christopher Shelner (Founder).
Persist AI has raised $16.0M in total across 2 funding rounds.
It takes 5 years for pharma to develop long lasting drug injections for chronic diseases like cancer and diabetes. Persist uses AI-driven automation to reduce formulation development time down to 2 years, a ~50% reduction.
Persist AI was founded in 2022 by Karthik Raman (Founder) and Christopher Shelner (Founder).
Persist AI has raised $16.0M in total across 2 funding rounds.
Persist AI's investors include Sara Eshelman, 2048 Ventures, Asymmetry Ventures, Cartography Capital, Eli Lilly and Company, Ford Street Ventures, Good AI Capital, Innospark Ventures, MBX Capital, Purdue Research Foundation, Shimadzu Future Innovation Fund, SignalFire.
Key people at Persist AI.
Persist AI is a pioneering company that leverages AI-driven robotics to accelerate the development of long-lasting drug formulations, particularly long-acting injectables (LAIs), by up to 50% faster than traditional methods. Their platform combines sophisticated AI models with automated robotic laboratories accessible via a Cloud Lab interface, enabling pharmaceutical companies to predict, build, and test hundreds of formulations rapidly and remotely. This innovation significantly shortens drug formulation timelines from years to months, reduces material usage, and lowers costs, helping pharma companies bring novel therapeutics to market faster and more efficiently[1][2][3].
For an investment firm, Persist AI represents a mission-driven startup focused on revolutionizing pharmaceutical formulation development through cutting-edge AI and automation technologies. Their investment philosophy likely centers on backing transformative biotech and AI-enabled healthcare innovations that address critical bottlenecks in drug development. Key sectors include pharmaceutical technology, AI in healthcare, and robotics automation. Persist AI’s impact on the startup ecosystem includes setting new standards for high-throughput drug formulation, democratizing access to advanced formulation capabilities via cloud platforms, and fostering collaborations that accelerate therapeutic innovation[1][3].
For a portfolio company, Persist AI builds an AI-robotics platform that serves pharmaceutical companies aiming to develop sustained-release injectable drugs faster and more cost-effectively. It solves the problem of lengthy, costly, and guesswork-heavy drug formulation processes by automating high-throughput screening and using machine learning to predict optimal formulations. The company has demonstrated strong growth momentum, evidenced by a $12 million Series A funding round, rapid platform adoption, and successful case studies where formulation timelines were cut from years to months[1][2][3].
---
Persist AI was founded by a team with deep expertise in automation, chemistry, and pharmaceuticals, emerging from the Y Combinator accelerator in 2023. The founders experienced firsthand the inefficiencies and slow pace of traditional drug formulation development, which motivated them to create an AI-first platform integrating robotics and machine learning to modernize this critical pharmaceutical stage[1][6].
The idea originated from the recognition that drug formulation, especially for long-acting injectables, is a complex, time-consuming process heavily reliant on trial-and-error and intuition. By combining predictive AI models trained on unique, high-quality data generated by their robotic labs with automated experimentation, Persist AI sought to transform formulation into a programmable, predictable science. Early traction included successful collaborations with major pharmaceutical clients, where Persist AI’s platform identified optimal formulations in months rather than years, validating their approach and attracting significant investor interest[1][3][6].
---
---
Persist AI rides the convergence of AI, robotics, and pharmaceutical manufacturing trends, addressing a critical bottleneck in drug development: formulation. The timing is favorable due to increasing demand for long-acting injectables, regulatory encouragement for continuous manufacturing and quality-by-design approaches, and the pharmaceutical industry's push to reduce development timelines and costs[3][6].
Market forces such as rising R&D expenses, the need for more complex biologics formulations, and the shift toward personalized medicine amplify the value of Persist AI’s platform. By transforming formulation into a programmable, data-driven process, Persist AI influences the broader ecosystem by enabling faster innovation cycles, reducing reliance on animal testing, and democratizing access to advanced formulation technologies for both large pharma and smaller biotech companies[3][6].
---
Persist AI is poised to expand its influence by scaling its cGMP-compatible manufacturing capabilities and broadening access to its Cloud Lab platform, enabling more pharmaceutical companies to leverage its AI-robotics stack. Future trends shaping their journey include increased adoption of AI in drug development, regulatory shifts favoring continuous and automated manufacturing, and growing demand for long-acting and complex biologic formulations.
Their model of combining milestone-based project fees with royalty contracts aligns incentives with customers’ commercial success, potentially generating recurring revenue streams as drugs developed on their platform reach the market. Persist AI’s continued innovation in automation, machine learning, and process development will likely cement its role as a key enabler of faster, more predictable drug formulation, ultimately accelerating patient access to advanced therapies[3][6].
This evolution ties back to their founding mission: to eliminate decades-long delays in drug delivery innovation by modernizing formulation development with AI and robotics, making better medicines available sooner.
Persist AI has raised $16.0M across 2 funding rounds. Most recently, it raised $12.0M Series A in May 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 19, 2025 | $12.0M Series A | Sara Eshelman | 2048 Ventures, Asymmetry Ventures, Cartography Capital, Eli Lilly and Company, Ford Street Ventures, Good AI Capital, Innospark Ventures, MBX Capital, Purdue Research Foundation, Shimadzu Future Innovation Fund, SignalFire, Y Combinator |
| Apr 1, 2023 | $4.0M Seed | 2048 Ventures | American Family Ventures, Avanta Ventures, Iaso Ventures, Indicator Ventures, Innospark Ventures, Motivate Ventures, Pioneer Fund, Stage Venture Partners, Trajectory Ventures, Wedbush Ventures, Fellows Fund, Y Combinator |