Colossal Biosciences announced their recent round of funding, their funding now totals to $435 million.
Credit: (AP Photo/Bebeto Matthews)
DALLAS — Brace yourselves.
If you thought Jurassic Park was just a fictional story, think again. A Dallas-based company is working on making the impossible a reality by resurrecting prehistoric animals.
Colossal Biosciences announced on Wednesday that it secured $200 million in a Series C funding round, led by TWG Global, to fuel its ambitious goal of bringing back the woolly mammoth, dodo, and thylacine (commonly known as the Tasmanian tiger).
Since its founding in September 2021, Colossal has raised a total of $435 million, with this latest investment pushing the company’s valuation to $10.2 billion, according to a press release.
The company intends to use the new funding to further develop its genetic engineering technologies and create groundbreaking software, wetware, and hardware solutions with applications that go beyond de-extinction, including species preservation and advancements in human healthcare.
Colossal, with its team of over 170 scientists working across labs in Boston, Dallas, and Melbourne, Australia, has made remarkable progress on its primary projects and is either on track or ahead of schedule in its efforts to revive these species.
“The technological breakthroughs we’re seeing in genetic engineering and synthetic biology are quickly reshaping our understanding of what’s possible in species restoration,” said Beth Shapiro, Colossal’s Chief Science Officer. “While the road to de-extinction is complicated, every advancement brings us closer to responsibly reintroducing traits from lost species. The real potential lies not just in the technology itself, but in how these tools can be applied to protect and restore endangered species and ecosystems.”
Colossal’s work on mammoth restoration is advancing reproductive and genetic technologies that could also help safeguard endangered elephant species. Meanwhile, the dodo project is developing genetic tools for birds, which could support the conservation of threatened bird species worldwide, according to the company’s press release.
