Media mentions

Empower lower-level decision makers to be responsive to shifts in the supply chain. It is commonplace to centralize decision-making higher up in the organization regarding supply chain management. This is historically due to prime supplier strategies where negotiations are best done in a consolidated format. By implementing better technologies throughout the supply chain and leveraging marketplace systems, decisions can be decentralized and pushed downstream. I have worked with companies throughout the life sciences space that have successfully tapped into the savings that this decentralization can create, and they have seen hard cost savings of around 20% over more centralized models. Those levels of savings can mitigate the impacts of tariffs and provide more options to work around them.

The disruptions of recent years serve as a powerful reminder: a resilient supply chain is not just a competitive advantage—it’s a necessity for advancing global health.

Backed by 53 Stations and key investors, Labviva aims to revolutionize supply chain transparency and accelerate scientific innovation with cutting-edge artificial intelligence solutions.Backed by 53 Stations and key investors, Labviva aims to revolutionize supply chain transparency and accelerate scientific innovation with cutting-edge artificial intelligence solutions.

Labviva, an AI-powered procurement platform for life sciences, secured $25M in Series B funding led by 53 Stations, bringing its total funding to $55M, to drive product innovation, expand internationally, and enhance customer support.

Labviva Inc., a startup offering an artificial intelligence procurement platform for life sciences, announced today that it has raised $25 million in new funding to accelerate product innovation, enhance marketing and customer support, and expand internationally.

53 Stations, the venture-capital fund supported by The Pritzker Organization, led a $25 million Series B fundraising round for Labviva, a lab and life sciences procurement platform in Boston.

Chinese tech giants are reportedly using Silicon Valley to recruit for their AI projects.

Artificial intelligence (AI) chatbots that dazzle millions with eloquent poetry and computer code are operating with fundamental gaps in their grasp of how the world works, according to new research from MIT.

The Fire Awards is BostInno’s premier awards and events showcase. Every year, we recognize 50 companies, organizations or people that have had a banner year.