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10x Science Raises $4.8M Seed to Build AI That Understands Proteins at the Molecular Level

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SAN FRANCISCO BAY AREA, Calif., April 22, 2026 /PRNewswire/ — 10x Science, which builds frontier AI for molecular-level protein characterization across the life sciences, today announced the closing of its $4.8M seed round led by Initialized Capital. The oversubscribed round includes investments from Y Combinator, Civilization Ventures, Founder Factor, and a group of strategic angel investors. Starting with drug development, the company’s platform delivers automated, explainable molecular insights in minutes where current tools and manual workflows require months. With tens of thousands of biologic drugs in active development worldwide and regulatory demands for molecular characterization intensifying, 10x Science is unlocking a new category at the intersection of AI and the life sciences.

Protein characterization is foundational to drug development. Every biologic therapeutic, from cancer immunotherapies to gene therapies, must be characterized at the molecular level to determine whether it is safe, effective, and manufacturable. Today, this work depends on specialized scientists spending weeks or months manually interpreting complex mass spectrometry data using tools that have not fundamentally changed in decades.

The pharmaceutical industry is developing more complex protein therapeutics than ever before, and the demand for characterization is growing far faster than the supply of experts who are trained for it. The 10x Science platform addresses this bottleneck with a purpose-built AI architecture that reasons across hundreds of thousands of spectra, identifies molecular forms and chemical modifications, and delivers comprehensive, explainable results.

10x Science was founded by David Stephen Roberts, Ph.D., Andrew Reiter, and Vishnu Tejus, out of Professor Carolyn Bertozzi’s Nobel laureate laboratory at Stanford University. The three founders shared a common frustration: they were studying what happens molecularly when an immune cell meets a cancer cell, one of the most critical problems in cancer research, and the tools they needed to characterize the proteins involved did not exist.

Roberts, a Damon Runyon Cancer Research Fellow with over 38 publications in the Nature and ACS families of journals, spent his career developing the foundational science of next-generation protein characterization.Reiter trained at the Broad Institute of MIT and Harvard, where he built the analytical tools pharma uses to understand how drugs bind their targets, before joining the Bertozzi lab at Stanford as a Ph.D. student.Tejus is a two-time Y Combinator founder who went to college at age 11. The three founders share a conviction that the life sciences and the technology world have been working on deeply complementary problems without ever connecting, and 10x Science is the bridge between them.

“The people building AI have historically not been life scientists, and the life scientists have not been building AI; we come from both worlds,” says co-founder and CEO David Stephen Roberts. “We realized we could build something that had never existed: an AI system with the scientific depth to reason about proteins the way the best experts do, but at a speed and scale no human team can match. For the first time, we can begin to ask the question that the entire pharmaceutical industry has never been able to answer: across thousands of characterized therapeutics, what molecular patterns distinguish the drugs that work from the ones that do not.”

The platform’s core capability is deep memory: it learns from every dataset, processing and developing an increasingly deep understanding of each customer’s molecular portfolio over time. Every result is explainable and traceable, which is essential in a regulated industry where characterization results appear in filings to the FDA. Legacy tools start from zero with every analysis. Combined with the founding team’s unique expertise at the intersection of chemistry, biology, mass spectrometry, and modern AI architecture, the company is positioned to define a new category in the life sciences.

“AI has already made meaningful contributions to biology at the prediction layer, asking what a protein might look like based on its sequence,” says co-founder and COO Andrew Reiter. “What no one has built is AI for the characterization layer, where you interpret real experimental data from real therapeutic molecules: that is the layer where drug development decisions are actually made, and it has remained painfully manual.”

The company’s vision extends well beyond faster protein characterization. As the platform processes more molecules across more organizations, 10x Science is building toward a shared layer of molecular intelligence for the life sciences: a deep, evolving understanding of protein therapeutics grounded in real experimental data at a depth and scale that has never existed.

“This is a critical moment in pharma; the industry is looking for AI that actually works, and protein characterization is needed at every stage of the drug lifecycle regardless of whether any single drug succeeds or fails. We’re talking about the infrastructure layer of drug development,” says Zoe Perret, partner at Initialized Capital. “The 10x Science founders helped build this field, and they’re now showing up with a product that solves an expensive, critically important problem. There is no more credible team to do this.”

“Biologics are the fastest-growing segment of the pharmaceutical industry and are the most complex to develop. Every antibody, every cell therapy, every engineered protein requires characterization at a level of detail that existing tools simply weren’t designed to handle. The field has outgrown its infrastructure. That’s not sustainable,” says Carolyn Bertozzi, 2022 Nobel Laureate and Stanford University Professor. “I’ve spent my career at the intersection of chemistry and biology, trying to understand how molecules behave in living systems. The biggest constraint I see across the field, whether in academic labs or industry, is the gap between the data we can generate and the insights we can extract. 10x Science closes that gap.”

Right now, the pharmaceutical industry is sitting on an enormous amount of molecular knowledge that has never been aggregated or learned from at scale. 10x Science’s AI can characterize any protein, with implications spanning cancer biology, neurodegeneration, infectious disease, agriculture, and fundamental research into how living systems work. With this funding, 10x Science is hiring Founding Engineers and expanding its work with pharmaceutical and biotech partners to open the doors for these applications.

“If we build this right, we give people across every discipline access to a new paradigm of molecular understanding that has never been possible before,” says Roberts. “10x Science can be the foundational layer of molecular intelligence for the life sciences. If we are, the world gets a deeper understanding of the molecules that govern health, disease, and life itself. That understanding belongs to everyone.”

For more information, visit: https://www.10xscience.com/

About 10x Science:

10x Science was founded in December 2025 by David Stephen Roberts, Ph.D., Andrew Reiter, and Vishnu Tejus out of Professor Carolyn Bertozzi’s Nobel laureate laboratory at Stanford University to build the first AI-native protein characterization platform for the life sciences. Roberts is a Damon Runyon Cancer Research Fellow with over 38 publications in the Nature and ACS families of journals. Reiter trained at the Broad Institute of MIT and Harvard building new tools to decipher drug interactions. Tejus is a two-time Y Combinator founder who went to college at age 11. The company builds frontier AI models with deep memory that deliver automated, explainable molecular characterization of protein therapeutics, serving pharmaceutical companies, biotechs, and research institutions. 10x Science is a Y Combinator W26 company headquartered in the San Francisco Bay Area and has received $4.8M in seed funding led by Initialized Capital. 10x Science’s frontier AI models are building a new paradigm for how scientists understand biology at the molecular level, starting with drug development.

View original content:https://www.prnewswire.com/news-releases/10x-science-raises-4-8m-seed-to-build-ai-that-understands-proteins-at-the-molecular-level-302750622.html

SOURCE 10x Science

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Hexagon Interim Report 1 January – 31 March 2026

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STOCKHOLM, April 23, 2026 /PRNewswire/ —

First quarter 2026

Continuing operations

Operating net sales of 963.8 (961.5) resulting in organic growth of 8%Net sales including acquired deferred revenue amounted to 963.6 MEUR (961.5)Adjusted gross earnings of 606.3 (619.1) resulting in a 62.9% (64.4) gross marginAdjusted operating earnings (EBIT1) of 251.3 MEUR (248.7) resulting in a 26.1% (25.9) EBIT1 marginAdjusted earnings per share of 6.7 Euro cent (6.5)Earnings per share of 58.4 Euro cent (5.0)Cash conversion of 77% (60)Recurring revenue of 289.9 MEUR (308.0), 6% organic growthOctave reported operating net sales of 327.2 MEUR (361.3) and adjusted operating margin of 25.2% (26.6)Adjusted earnings per share including discontinued operations of 9.1 (9.4)Earnings per share including discontinued operations of 59.9 Euro cent (7.0)

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 (0) 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, +46 8 601 26 26, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 23 April 2026.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/hexagon-interim-report-1-january—31-march-2026,c4338783

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View original content:https://www.prnewswire.com/news-releases/hexagon-interim-report-1-january—31-march-2026-302751432.html

SOURCE Hexagon

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Dragonpass Empowers Financial Institutions with End-to-End Loyalty Solutions at Money20/20 Asia

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BANGKOK, April 23, 2026 /PRNewswire/ — Dragonpass, a leading global travel and lifestyle platform, participated in Money20/20 Asia, showcasing its customer loyalty solutions for banks, payment providers, credit card issuers, and fintech companies across APAC and globally.

As one of the most influential fintech events worldwide, Money20/20 Asia gathers decision-makers across the financial ecosystem. At the event, Dragonpass demonstrated how financial institutions can enhance customer engagement and build long-term loyalty through integrated travel and lifestyle experiences.

Established in 2005, Dragonpass has evolved from a lounge provider into a loyalty solutions partner, serving more than 800 global clients and over 40 million members worldwide.

At the core of Dragonpass is a business structure that combines global supply aggregation, a technology-enabled engagement platform, and consumer-facing lifestyle services — providing a one-stop solution across the customer lifecycle.

Leveraging data-driven insights, Dragonpass enables partners to design and optimise loyalty programs, incorporating customer segmentation and tiered incentive structures, alongside curated campaigns and entitlement configuration — driving more effective customer activation, engagement, and retention.

Its offering includes a broad portfolio of travel and lifestyle benefits such as airport lounge access, fast-track, dining, airport transfers, and lifestyle experiences. These are supported by flexible delivery models, including API integration, white-label solutions, and ready-to-deploy digital platforms, enabling seamless integration into clients’ customer journeys.

As customer expectations evolve, the industry is shifting from standardized benefits to more personalized, experience-led loyalty models. Insights from Dragonpass’s Loyalty Index show that customers increasingly value trust, rewards, simplicity, recognition, and exclusivity, with preferences varying across markets.

“Financial institutions today are looking for more effective ways to engage customers beyond traditional rewards,” said Jane Zhu, Co-founder and CEO of Dragonpass. “User engagement is at the core of loyalty, and technology — especially AI — plays a key role in enabling deeper and more relevant customer connections.”

Dragonpass works with leading global brands including Mastercard, Visa, HSBC, and Revolut, supporting them deliver differentiated value propositions and enhance customer engagement through scalable, customizable solutions.

Through its participation at Money20/20 Asia, Dragonpass aims to strengthen its presence in the APAC market and build strategic partnerships with organizations seeking to elevate their customer engagement strategies.

About Dragonpass

Dragonpass is a global travel and lifestyle platform providing premium airport and travel experiences across 140+ countries. By integrating global supply and technology, Dragonpass enables partners to deliver seamless, personalized experiences and drive customer loyalty.

Media Contact

Dragonpass PR
Email: brandmarketing@dragonpass.com
Website: www.dragonpass.com

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SOURCE Dragonpass

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SBI Life Insurance registers New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026

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MUMBAI, India, April 23, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026 vis-a-vis ₹35,577 crores for the year ended 31st March, 2025. Single premium has increased by 28% over the year ended on 31st March, 2025.

Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹4,622 crores for the year ended 31st March, 2026, marking a growth of 13%. Protection Individual new business premium registered a growth of 23% and stood at ₹973 crores for the year ended 31st March, 2026. Individual New Business Premium stands at ₹29,783 crores with 13% growth over the year ended on 31st March, 2025.

SBI Life’s profit after tax stands at ₹2,470 crores for the year ended 31st March, 2026 with a growth of 2% over the year ended on 31st March, 2025.

The company’s solvency ratio continues to remain robust at 1.90 as on 31st March, 2026 as against the regulatory requirement of 1.50.

SBI Life’s AUM also continued to grow at 9% to ₹4,87,163 crores as on 31st March, 2026 from ₹4,48,039 crores as on 31st March, 2025, with the debt-equity mix of 62:38. 94% of the debt investments are in AAA and Sovereign instruments.

The company has a diversified distribution network of 3,58,506 trained insurance professionals and wide presence with 1,230 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of Sale Persons (POS), insurance marketing firms, web aggregators and direct business.

Performance for the year ended March 31, 2026

Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.5% & 22.9% respectively.Annualized Premium Equivalent (APE) stands at ₹ 24,266 crores with growth of 13%Individual New Business Sum Assured stands at ₹ 4,46,337 crores with 61% growthImprovement in 13M & 49M persistency by 53 bps & 107 bps respectivelyValue of New Business (VoNB) stands at ₹ 6,667 crores with growth of 12%VoNB Margin stands at 27.5%Indian Embedded value (IEV) stands at ₹ 80,791 crores with 15% growthProfit After Tax (PAT) stands at ₹ 2,470 crores with 2% growthOperating Return on Embedded Value stands at 19.7% Assets under Management stands at ₹ 4,87,163 crores with 9% growthRobust Solvency ratio of 1.90

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View original content:https://www.prnewswire.com/in/news-releases/sbi-life-insurance-registers-new-business-premium-of-42-551-crores-for-the-year-ended-on-31st-march-2026–302751447.html

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