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Formation Bio raises $600m VC fund; Bessemer leads $400m Series C for cloud security provider

Reported by Alternativeswatch
Oct 28, 2026· 2 min read
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Formation Bio drew commitments from endowments, hospitals and foundations for a fund that will acquire and develop clinical-stage drug programs, while a cloud and AI security company more than doubled its valuation since January in a Series C led by Bessemer.
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Alternativeswatch Formation Bio raises $600m VC fund; Bessemer leads $400m Series C for cloud security provider