iPierian raises $22M, names Venuti CEO

iPierian Inc. (South San Francisco, Calif.) raised $22 million in a series B round led by new investor Google Ventures. Mitsubishi UFJ Capital and ATEL Ventures, also new investors, joined all existing investors, including Kleiner Perkins Caufield & Byers; Highland Capital Partners; MPM Capital; and FinTech Global Capital. iPierian uses induced pluripotent stem (iPS) cell technology to discover therapeutics through cellular reprogramming and directed differentiation of patient cells. The initial focus will be on spinal muscular atrophy, amyotrophic lateral sclerosis (ALS) and Parkinson's disease (PD). ...