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Persist AI Launches Cloud Lab to Accelerate Pharmaceutical Formulation Development, Raises $12M Series A Funding

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AI-driven robotics platform reduces drug formulation development time from years to months

SACRAMENTO, Calif., May 19, 2025 /PRNewswire/ — Persist AI, a pioneer in AI-driven robotics for pharmaceutical formulation development and Chemistry, Manufacturing, and Controls (CMC), today announced the launch of its innovative Cloud Lab platform following the successful closure of an oversubscribed $12 million Series A financing round. The new platform allows pharmaceutical companies to develop formulations using Persist AI’s state-of-the-art robotic laboratory facilities through a website, dramatically accelerating drug development timelines while using a fraction of the materials required by traditional methods.

The funding round was led by Spero Ventures with participation from MBX Capital, Shimadzu Future Innovation Fund managed by Global Brain Corporation, Eli Lilly & Company, SignalFire, Ford Street Capital, Purdue Ventures, Good AI Capital, Cartography Capital, Asymmetry Ventures, and existing investors 2048 Ventures, Innospark, and YCombinator.

“Every drug that reaches the market depends on an optimal formulation. While the industry has heavily invested in AI and predictive tools across the drug development pipeline, formulation has remained a blind spot—until now.” said Sara Eshelman, General Partner at Spero Ventures. “Persist dramatically reduces both the time and cost at every stage of development, ultimately lowering the hurdle for investment in next-generation therapeutics like long-acting injectables.”

Predict the ideal formulation with Persist’s AI models

Persist AI’s technology enables pharmaceutical companies to predict formulation recipes and performance using sophisticated AI models and subsequently build and test them using robotic systems. In a recent project with a major pharmaceutical client, Persist AI demonstrated the power of its platform by identifying an optimal long-acting injectable formulation in just two months—a process that traditionally takes a year or longer. By rapidly building and testing 700 formulations in two months, compared to the industry standard of 10-15 formulations per month, Persist AI accelerates a critical phase in bringing new drugs to market.

“AI is enabling pharma to discover new molecules faster than ever. But a molecule that has poor shelf life cannot become a drug product that sits on a shelf. Our mission is to convert these novel molecules into products, such as tablets and injections that patients can use,” said Karthik Raman, CEO of Persist. “If you can find a new drug molecule, you can predict its formulation and use our robotic platform to build and test it in the real world.”

Persist Cloud Lab – A Robotic Lab to Build and Test Formulations Remotely

Once the AI models predict a set of formulations, Persist’s Cloud Lab enables pharmaceutical scientists to test the formulation by remotely controlling the robotic lab. With a combination of miniaturization and seamless automation of formulation testing instruments, Persist’s technology leads to an unprecedented speed advantage in drug development.

Traditional testing instruments often require large volumes of liquid and significant amounts of formulation material per test. As an example, a standard dissolution testing apparatus requires 1000 mL of liquid and several grams of formulation. In contrast, Persist’s miniaturized systems can deliver results with just 1 mL of liquid and a few milligrams of material. This breakthrough not only conserves valuable drugs but also enables higher throughput testing.

“Persist AI has assembled a talented chemistry, engineering, and software team that develops exceptional automated solutions for formulation development workflows,” said Chris Shelner, COO of Persist. “We continue to improve our automation in addition to expanding capacity and workflow scope.”

Through the newly launched Cloud Lab, pharmaceutical companies worldwide can now remotely build and test formulations on Persist’s advanced robotic facilities to develop:

Long acting injectablesTablets and capsulesTopical formulations for cosmetics and pharmaceuticalsInjectable formulations

The platform supports a wide range of modalities including peptides, small molecules, antibodies, and anti-sense oligonucleotides, currently serving multiple top 10 pharmaceutical clients and several smaller biotechs developing next-generation treatments for chronic diseases.

Series A Funding to Accelerate Growth and Innovation

The $12 million in Series A funding will support several key initiatives. Persist will build a GMP manufacturing system for long acting injectables, in collaboration with Nivagen Pharmaceuticals in Sacramento, CA. Funds will be used to expand the robotic lab and build comprehensive data sets that train the company’s AI models. Additionally, the team will expand the capacity and range of formulations the AI models and robotic lab can predict, build, and test.

Persist is actively seeking pharmaceutical partners for co-development of drug products, robotic platforms, and AI training data sets.

To learn more about Persist AI’s Cloud Lab platform and request access, visit https://www.persist-ai.com. Pharmaceutical companies interested in partnership opportunities are encouraged to contact Karthik Raman via his email below or through the website.

About Persist AI

Persist AI is revolutionizing pharmaceutical development through AI-driven robotics for formulation development and CMC. By combining predictive AI models with automated robotic systems, Persist AI enables pharmaceutical companies to develop drug formulations in a fraction of the time and cost of traditional approaches. The company works across multiple modalities and formulation types to accelerate bringing novel therapeutics to patients. Persist AI is a Y Combinator-backed company, having graduated from the prestigious startup accelerator in 2023.

About the Leadership Team

Karthik Raman, CEO and Co-founder of Persist, brings extensive expertise in formulation development. Prior to founding Persist, Raman was part of the automation team at Zymergen, developing the next generation robotic factory for synthetic biology. Co-founder Christopher Shelner serves as Chief Operating Officer, with significant expertise in automation design, operations, and deployment from his work at industry leaders including Northrop Grumman and Apple.

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SOURCE Persist AI Formulations

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HKU holds Entrance Scholarships Award Ceremony for 2025-26

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HONG KONG, May 5, 2026 /PRNewswire/ — The University of Hong Kong (HKU) recently held the HKU Entrance Scholarships Award Ceremony to recognise the outstanding academic and non-academic achievements of students admitted to the University in the 2025-26 academic year.

Over 700 student awardees, parents, and guests attended the ceremony, which was officiated by Professor Xiang Zhang, President and Vice-Chancellor of HKU. In his welcoming remark, Professor Zhang said that the University was establishing a new AI Hub initiative to fundamentally transform the way of teaching with the integration of AI. Noting that AI development might drastically redefine education and certain professions within the next decade, he encourages students to be creative and equip themselves as future pioneers to help drive the transformation.

Benefactors of the ‘Hon Ping Entrance Scholarship for Nigerian Students,’ ‘Jardine HKU Scholarship,’ ‘Lee Shau Kee Top Athletes Scholarships,’ ‘QRT-HKU Scholarship,’ ‘Rosita King Ho Scholarship,’ ‘The Hong Kong Jockey Club Chairman’s Scholarship,’ and ‘The Hong Kong Jockey Club Striding On Scholarship,’ as well as Professor Jay Siegel, Vice-President and Pro-Vice-Chancellor (Teaching and Learning) at HKU, and Professor Ian Holliday, Registrar at HKU, were among the guests of honour who presented awards to the students.

Representatives from 11 Consulates-General, including Bangladesh, India, Indonesia, Mongolia, Myanmar, Nigeria, Pakistan, the Philippines, Turkey, Thailand, and Vietnam, attended the event to extend their warm wishes to the student awardees. Representatives from over 30 local secondary schools were also present to celebrate with their former students.

The students awarded have excelled in a variety of fields. They include 55 President’s Scholars. Other scholarships awarded include ‘The Hong Kong Jockey Club Chairman’s Scholarship,’ for students with exceptional academic achievements; the ‘Lee Shau Kee Top Athletes Scholarship,’ for outstanding young athletes admitted to HKU through the ‘Top Athletes Direct Admission Scheme’; and the ‘Belt and Road Scholarship,’ which recognises students coming from Belt and Road countries.

In addition to expressing their happiness at receiving the scholarships, the awardees also look forward to their university life and future career endeavours.

João Davi de Morais, recipient of the HKU Scholarship for Future Leaders from the Bachelor of Arts in Humanities and Digital Technologies programme, emphasised the transformative impact of the scholarship in enabling him to become the first person in his community to pursue international higher education. Raised in Brazil’s seventh-largest vulnerable community, João is a strong advocate for education for underprivileged youth. He presented his journalism work on Brazilian early childhood education at the 80th United Nations General Assembly, where he met the Brazilian Minister of Education and contributed to the announcement of new daycare centres in his home state. João hoped his story would inspire low-income youth to pursue education as a path beyond social barriers, and he remains committed to creating positive change in education as a young leader.

Awarded the HKU Undergraduate Entrance Scholarship for President’s Scholars and currently pursuing the Bachelor of Engineering Elite Programme, Aryan Sokhiya recounted his high school project developing and pitching a gamified platform to address plastic litter. This experience inspired him to see engineering as a discipline that can transform ideas into scalable, real-world impact by connecting people, ideas, and purpose. Aryan expressed his appreciation for HKU’s interdisciplinary approach to tackling technological challenges and thanked the scholarship for providing not only financial support but also opportunities for intentional personal growth.

As a recipient of the Lee Shau Kee Top Athletes Scholarship and a long-jump athlete representing Hong Kong at the 15th National Games of China and the Asian Athletics Championships, Jia Wai Yin Tiffany is now pursuing the Bachelor of Biomedical Sciences. Tiffany shared her unique educational journey as a student-athlete. She credited the perseverance and resilience developed through sports for her academic success and expressed deep gratitude to the University and scholarship for providing flexibility, guidance, and support as she continues to pursue excellence in both athletics and academics.

Naziba Sayem, recipient of the Belt and Road Scholarship from Bangladesh and a Bachelor of Science student, highlighted her mother’s resilience in battling a rare autoimmune disease as the inspiration behind her pursuit of Molecular Biology and Biotechnology at HKU. Despite financial constraints, her parents’ unwavering support for her education encouraged Naziba to remain ambitious and hopeful. As a Belt and Road Scholar, she is proud to represent her country and the spirit of the initiative. Naziba hopes to leverage her education at HKU to contribute to research in Bangladesh and inspire others to overcome challenges, pursue their dreams, and further the values of global cooperation.

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MSEED and SCOPE Global Skills University Sign Strategic Partnership to Shape the Future of Experiential Marketing Education

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MUMBAI, India and BHOPAL, India, May 5, 2026 /PRNewswire/ — Premium education institute MSEED (The Management School of Events and Experience Design) today partnered with SCOPE Global Skills University, Bhopal, to introduce a two-year MBA in Event Management and Experiential Marketing.

Besides boosting students academically, this association intends to equip them with the evolving demands of events and the experiential marketing ecosystem. Furthermore, the collaboration will be fueled by industry expertise and academic structure, helping students build a career in the fast-growing fields of events, entertainment, and experiential marketing.

At a time when experiential marketing is ‘evolving from a tactical activation to a strategic growth engine for brands’, this collaboration serves right.

Speaking on this exclusive partnership between MSEED and SCOPE, Joshua Newman, Vice-President – Marketing & Partnerships, MSEED, said, “Our focus has always been on outcomes, not just education. This partnership allows us to extend that vision by working with SCOPE Global Skills University to create a program that prepares students for real careers. From curriculum to classroom delivery and industry exposure, every aspect is designed to ensure that students graduate with confidence, clarity, and practical experience.”

The MBA program is designed to:

Provide a recognized postgraduate qualification with a specialized focusBuild practical skills through real-world projects and case studiesOffering industry interaction, mentorship, and exposureSupport students with internship and placement opportunities

Dr. Vijay Singh, Vice Chancellor of SGSU, hailed the launch as a landmark moment for the city. “This is a remarkable event not just for our university, but for the city of Bhopal. We are witnessing a paradigm shift in how specialized education is delivered in Madhya Pradesh. By launching this MBA in Event Management, we are providing our youth with a platform to master the art of execution, creativity, and management right here in their home state,” he said.

The partnership was formally cemented through the signing of an agreement between the two institutions in the esteemed presence of Mangubhai C. Patel, the current and 19th Governor of Madhya Pradesh, marking a significant milestone in the evolution of industry-integrated education in India.

For more information on events and experiential marketing, please visit our website.

Media Contacts:
For media inquiries, please contact
Tasneem Limbdiwala
tasneem@mseededucation.com 

About MSEED

MSEED, a part of EVA Group, India’s one of the largest live event companies, and backed by 200 odd industry veterans, the institute brings with it deep-rooted industry expertise and real-world insights. It is a creative business institute designed for the next generation of storytellers, strategists, producers, and brand builders. The mission is not just to prepare students for jobs, but to lead industries. 

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ADECCO GROUP DIVIDEND 2026: ANNOUNCEMENT OF FINAL TERMS

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AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

Group press release

Scrip dividend take-up rate of 53.01%Reference share price of CHF 18.02, with an issue price of CHF 16.945,268,324 new shares to be issued

ZURICH, May 5, 2026 /PRNewswire/ — Adecco Group’s Annual General Meeting, held on April 15, 2026, offered its shareholders the option to receive the 2025 dividend in cash or in new Adecco Group shares.

The Adecco Group announces today that 53.01% of the dividend for the financial year 2025 was elected to be paid in the form of new Adecco Group AG shares, while the remaining 46.99% will be paid out in cash.

The reference share price was set at CHF 18.02, based on the daily volume-weighted average price of existing Adecco Group AG shares traded on the SIX Swiss Exchange between April 21, 2026 and May 4, 2026. The issue price of the new shares of CHF 16.94, was set at a 6.0% discount to the reference share price, resulting in a conversion ratio of 16.940.

5,268,324 new Adecco Group AG shares will be issued through a capital increase for the scrip dividend. The delivery of new shares and the total CHF 79 million cash dividend payment is planned for May 7, 2026.

Denis Machuel, Adecco Group CEO, commented:

“We are pleased with the take-up of our scrip dividend and thank our shareholders for their partnership and support of the Group’s strategy. We remain focused on ensuring an attractive and sustainable dividend policy, delivering attractive returns to our shareholders while retaining financial flexibility to invest in our competitive differentiators and prioritize deleveraging.”

Adecco Group will be reporting its first quarter results on May 13, 2026.

The Adecco Group is the world’s leading talent and technology expertise company. Our purpose is making the future work for everyone. Through our three global business units – Adecco, Akkodis and LHH – across 60 countries, we enable sustainable and lifelong employability for individuals, deliver digital and engineering solutions to power the Smart Industry transformation and empower organizations to optimize their workforces. The Adecco Group leads by example and is committed to fostering sustainable employability and supporting resilient economies and communities. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).

For further information please contact:

Investor Relations
investor.relations@adeccogroup.com
+41 (0)44 878 88 88

Press Office
media@adeccogroup.com
+41 (0) 79 876 09 21

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SOURCE The Adecco Group

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