Fundraising Fox

Cyrusbio

Seattle, US · Founded 2014 · 16 employees on LinkedIn · 13 known investors

Cyrus operates a protein engineering platform that combines AI and Rosetta computational design methods with a biochemistry lab performing large-scale deep mutagenesis scanning, protein stabilization, immunogenicity reduction, and affinity/specificity tuning. It designs and re-engineers biologic therapeutics, working on internal and partnered drug programs including COVID assets and gene therapy candidates.

Also known as Cyrus Bio · Cyrus Biotechnology · Cyrus Biotechnology, Inc. · Cyrusbio

Founders & leadership

Cyrusbio was founded in 2014 by Yifan Song and David Baker.

YS
Yifan SonginCo-founder · Chief Technology Officer
DB
David BakerCo-founder
JC
Javier CastellanosinChief Technology Officer and co-founder2014–2019
M
MarkPresident & EVP, Business Development

Board

LN
Lucas NivonCEO

Investors · 13

Also in the syndicate · 4

OrbiMed AdvisorsleadSelecta BiosciencesW FundWashington Research Foundation

Reported raises · per SEC filings

Form D private placements

$37.8M disclosed across 10 of 11 rounds · 2015–2025

$1.5MraisedMay 2026 · 17 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Chad WaiteDirector
  • Yifan SongDirector
  • Jason SmithDirector
  • Mark BenjaminExecutive Officer
  • Lucas NivonExecutive Officer, Director
  • Anthony ManningDirector
  • Ramakrishna SatyavoluDirector
Offering amount
$3M
Amount sold
$1.5M
First sale
Jul 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3.2MraisedDec 2024 · 27 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Chad WaiteDirector
  • Anthony ManningDirector
  • Ramakrishna SatyavoluDirector
  • Lucas NivonExecutive Officer, Director
  • Mark BenjaminExecutive Officer
  • Yifan SongDirector
  • Jason SmithDirector
Offering amount
$3.5M
Amount sold
$3.2M
First sale
Oct 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.7MraisedFeb 2024 · 33 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Yifan SongDirector
  • Mark BenjaminExecutive Officer
  • Lucas NivonExecutive Officer, Director
  • Chad WaiteDirector
Offering amount
$4M
Amount sold
$2.7M
First sale
Feb 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$18.4MraisedDec 2021 · 34 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Chad WaiteDirector
  • Mark BenjaminExecutive Officer
  • Yifan SongExecutive Officer, Director
  • Lucas NivonExecutive Officer, Director
  • Gus TaiDirector
Offering amount
$19.4M
Amount sold
$18.4M
First sale
Jun 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.1MraisedSep 2020 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Chad WaiteDirector
  • Lucas NivonExecutive Officer, Director, Promoter
  • Eric BellDirector
  • Gus TaiDirector
  • Yifan SongExecutive Officer, Director, Promoter
Offering amount
$1.5M
Amount sold
$1.1M
First sale
Sep 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8MraisedJul 2017 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Lucas NivonExecutive Officer, Director
  • Gus TaiDirector
  • Javier CastellanosExecutive Officer
  • Eric BellDirector
  • Chad WaiteDirector
  • Yifan SongExecutive Officer, Director
Offering amount
$8M
Amount sold
$8M
First sale
Jul 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1MraisedFeb 2017 · 13 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Lucas NivonExecutive Officer, Director, Promoter
  • Yifan SongExecutive Officer, Director, Promoter
  • Javier CastellanosExecutive Officer, Director, Promoter
Offering amount
$1.3M
Amount sold
$1M
First sale
Feb 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$490KraisedNov 2016 · 14 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Javier CastellanosExecutive Officer, Director, Promoter
  • Yifan SongExecutive Officer, Director, Promoter
  • Nivon LucasExecutive Officer, Director, Promoter
Offering amount
$500K
Amount sold
$490K
First sale
Nov 2016
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Cyrus Biotechnology (Cyrus Bio) is a Seattle-based, pre-clinical-stage biologics discovery company that re-engineers naturally occurring proteins into therapeutic candidates. Its platform pairs computational protein design — Rosetta-derived methods plus proprietary AI/machine-learning algorithms, bioinformatics and cheminformatics tools and cloud infrastructure — with an in-house biochemistry laboratory that performs large-scale deep mutational scanning (DMS), protein engineering and in vitro/in vivo assays. Stated capability areas include structure prediction, immunogenicity (T- and B-cell epitope) reduction, stability and serum half-life extension, solubility and aggregation control, binding affinity tuning and target specificity.

The company runs both an internal pipeline and partnered programs. Internal programs are CYR212, a next-generation IdeS IgG protease derived from streptococcus aimed at IgG-driven autoimmune diseases such as immune thrombocytopenia (ITP), warm autoimmune hemolytic anemia (wAIHA) and myasthenia gravis; a next-generation IL-22 fusion protein engineered to resist IL-22 binding protein and with extended half-life for autoimmune, tissue-protection and metabolic indications; and a next-generation IL-15 with an AI-designed slow-release modification for solid and hematologic tumors. Partnered programs include ACE2.v2, a half-life- and affinity-optimized ACE2-IgG Fc fusion for acute respiratory distress syndrome (in early IND-enabling studies), CYR212 applied to reducing IgG interference with AAV-mediated gene therapy, an engineered human cytomegalovirus receptor decoy in pre-clinical and non-human-primate studies, and an undisclosed milestone- and royalty-based IL-6 pathway agonist collaboration.

Cyrus is built on core software from David Baker's laboratory at the University of Washington; Baker is a scientific co-founder and advisor. In 2021 Cyrus acquired/merged with Orthogonal Biologics, a deep mutational scanning spin-out from the University of Illinois at Urbana-Champaign whose CEO, Erik Procko, joined Cyrus. In December 2024 Cyrus spun out Levitate Bio, a protein AI, bioinformatics and Rosetta services provider.

Founding story

Cyrus was founded as a University of Washington spinout built on core Rosetta software from David Baker's laboratory, where CEO Lucas Nivon had been a translational investigator and senior fellow working on protein design algorithms and Rosetta usability; Baker serves as scientific co-founder and advisor and CTO/CSO Yifan Song, a core Rosetta developer, is a co-founder.

Business model

Cyrus combines internally owned drug programs with partnered discovery work for biotech and pharmaceutical companies and research institutes, in which its computational and laboratory platform is applied to partner molecules; at least one collaboration is structured on milestones and royalties, and the company has historically commercialized software and services access to its Rosetta-based platform.

Revenue is described as arising from partnered discovery collaborations and platform/software and services engagements, including milestone- and royalty-based collaboration terms on partnered programs such as the undisclosed IL-6 pathway agonist.

Traction

Cyrus reports 30+ discovery programs with partners and work with over 90 industry partners across more than 120 biopharma companies contacted or served. Program traction includes ACE2.v2 in early IND-enabling studies, an hCMV receptor decoy in non-human primate studies, and CYR212 selected as a clinical candidate in January 2025 following in vivo data indicating redosability without anti-drug antibodies.

Latest developments

In January 2025 Cyrus announced the selection of CYR212 as its clinical candidate for chronic IgG-driven autoimmune disease including myasthenia gravis and immune thrombocytopenia. In December 2024 it spun out Levitate Bio, a protein AI, bioinformatics and Rosetta service provider, and announced in vivo data showing potent redosability of its engineered IdeS protease with no anti-drug antibodies. In October 2024 the company noted co-founder David Baker's award of the 2024 Nobel Prize in Chemistry.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Cyrus positions itself as a pre-clinical-stage protein design company applying Rosetta and AI methods to re-engineer natural proteins, citing more than 30 discovery programs with partners and work with over 90 industry partners, including a majority of top-20 biopharma firms. It states its lead IdeS program addresses over $20B of clinical market in IgG-driven autoimmune disease.

Cyrus emphasizes an integrated loop between computational design and laboratory validation rather than purely in-silico design, with proprietary deep mutational scanning that it says identifies gain-of-function mutations missed by other groups and yields proprietary datasets focused on specific protein families. Program-level differentiation claims include an IdeS protease shown in vivo to be redosable without anti-drug antibodies, an IL-22 variant resistant to IL-22 binding protein, and an IL-15 with a wider therapeutic window via AI-designed slow release.

Technology

The platform integrates Rosetta computational protein modeling and design with deep-learning/AI methods and proprietary algorithms, including iterative T-cell epitope deimmunization combined with a large-scale MHC display platform and machine-learning models for solubility, aggregation, stability and post-translational modifications. This is coupled to laboratory Deep Mutagenesis Scanning that assays every possible amino-acid substitution in a protein to tune affinity and specificity, generating proprietary per-target datasets. Additional engineering approaches include protein fusions, glycosylation modification and computational removal of protease cleavage sites for half-life extension. Cyrus co-founded the OpenFold consortium in 2022 with Amazon, NVIDIA, Genentech, Outpace and Arzeda, with CEO Lucas Nivon on its executive committee.

Go-to-market

The company markets partnership and licensing engagements directly to biopharma (partner inquiries via its site), builds credibility through conference presentations such as PepTalk and the Hit ID Summit and press-released program milestones, and participates in industry consortia such as OpenFold.

Biopharmaceutical and biotechnology companies and research institutes seeking protein engineering, structure prediction and biologics optimization partnerships — named collaborators include Janssen, Genentech, Nimbus, Selecta Biosciences and the Broad Institute — alongside patients with IgG-driven autoimmune disease, gastrointestinal and metabolic disorders, ARDS, oncology and congenital CMV indications as the ultimate end market for its pipeline.

Geography

Headquartered at 3005 1st Ave, Suite 203, Seattle, Washington, with investors and partners in the United States and Asia.

History

The company began as a software and services business commercializing the Rosetta platform, releasing an Antibody Structure Prediction Software tool within its Cyrus Bench platform in March 2019 and partnering with the Broad Institute of MIT and Harvard in 2019 on safer CRISPR gene editing. In September 2021 it announced a protein engineering collaboration with Selecta Biosciences combining Selecta's ImmTOR platform with Cyrus protein redesign. In December 2021 Cyrus closed an $18M Series B and acquired Orthogonal Biologics, a deep mutational scanning spin-out from the University of Illinois at Urbana-Champaign, moving into independent drug discovery. It co-founded the OpenFold consortium in 2022, spun out Levitate Bio in December 2024, and in January 2025 announced selection of CYR212 as a clinical candidate for chronic IgG-driven autoimmune disease.

Risks & controversies

As a pre-clinical-stage company, Cyrus's programs have not completed clinical development; its press materials note forward-looking statements subject to risks and uncertainties. Named challenges in its own program descriptions include IL-15 dose-limiting toxicity such as neutropenia, inhibition of IL-22 therapies by IL-22 binding protein, the short half-life of wild-type ACE2, and immune attack on AAV gene therapy vectors.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Addressable clinical market for IdeS in IgG-driven autoimmune disease (company eJan 2026$20B
Biopharma companies engaged in salesJan 2026120 companies
Discovery programs with partnersJan 202630 programs
EmployeesJul 202617 people
Estimated annual revenueJul 2026$10M - $25M (third-party estimate)
HeadcountAug 202616
Industry partners worked withDec 202190 partners

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 10

launches, deals, and filings
Jan 2025
CYR212 selected as clinical candidate

Cyrus announced the selection of CYR212 as its clinical candidate for chronic IgG-driven autoimmune disease, including myasthenia gravis and immune thrombocytopenia.

source ↗

Dec 2024
Spin-out of Levitate Bio

Cyrus spun out Levitate Bio, a protein AI, bioinformatics and Rosetta service provider offering automated, customized AI solutions for biopharma drug discovery.

source ↗

Dec 2024
In vivo redosability data for engineered IdeS protease

Cyrus announced potent in vivo redosability of an engineered IdeS protease for IgG-driven autoimmune disease, reporting no anti-drug antibodies.

source ↗

Oct 2024
Co-founder David Baker awarded 2024 Nobel Prize in Chemistry

Cyrus noted that scientific co-founder David Baker was named a 2024 Nobel Laureate in Chemistry.

source ↗

Jan 2022
Co-founded the OpenFold consortium

Cyrus co-founded the OpenFold protein AI consortium with Amazon, NVIDIA, Genentech, Outpace and Arzeda; CEO Lucas Nivon sits on the four-person OpenFold executive committee.

source ↗

Dec 2021
Cyrus acquires Orthogonal Biologics

Cyrus announced the acquisition of Orthogonal Biologics, a deep mutational scanning protein engineering spin-out from the University of Illinois at Urbana-Champaign, alongside the closing of its $18M Series B; Orthogonal CEO Erik Procko joined Cyrus.

source ↗

Dec 2021
$18M Series B financing closed

Closing of an $18M Series B financing with OrbiMed Advisors, Trinity Ventures, Agent Capital, Yard Ventures, Washington Research Foundation, iSelect Fund, a leading Asian private equity firm, W Fund, family offices and individual investors, with Selecta Bioscience as a strategic investor.

$18M source ↗

Sep 2021
Protein engineering collaboration with Selecta Biosciences

Selecta Biosciences and Cyrus announced a protein engineering collaboration combining Selecta's ImmTOR platform with Cyrus's protein redesign capabilities to develop engineered therapeutic proteins for autoimmune and immune-related conditions; reported as a potentially $1.5 billion collaboration.

$1.5B source ↗

Dec 2019
Partnership with the Broad Institute of MIT and Harvard

Cyrus partnered with the Broad Institute to work on making CRISPR gene editing safer for human use, including reduced-immunogenicity CRISPR proteins.

source ↗

Mar 2019
Release of Antibody Structure Prediction Software in Cyrus Bench platform

Cyrus announced the release of an Antibody Structure Prediction Software tool as part of its Cyrus Bench platform.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Cyrusbio do?
Seattle protein-design company engineering natural proteins into biologics for autoimmune, GI, metabolic and respiratory disease.
Who founded Cyrusbio?
Cyrusbio was founded by Yifan Song, David Baker in 2014.
Who are Cyrusbio's investors?
Cyrusbio's investors include Anzu Partners, Argonautic Ventures, iSelect Fund, OrbiMed, SPRINGROCK VENTURES, Strawberry Creek Ventures, The W Fund, Trinity Ventures and 1 more.
How much funding has Cyrusbio raised?
Cyrusbio has disclosed $37.8M raised across 10 of its 11 known rounds.
Where is Cyrusbio headquartered?
Cyrusbio is headquartered in Seattle, US.