Fundraising Fox

Mytos

YC S18

London, GB · Founded 2016 · 26 employees · Hiring · 17 known investors

Mytos develops automated manufacturing technology for regenerative medicines, specifically targeting the production of stem cell-derived therapies to make treatments for conditions like Parkinson's, blindness, and spinal cord injury accessible and affordable to patients.

Also known as Cytera CellWorks · HackScience

Founders & leadership· Y Combinator alumni (S18)

Mytos was founded in 2016 by Ali Afshar and Ignacio Willats.

AAAli Afshar
Ali Afsharin𝕏CEO/Co-FounderHe has experience spanning physics, chemistry, hardware engineering, and software development.
IWIgnacio Willats
Ignacio WillatsinCo-Founder & CCO

Investors · 17

Also in the syndicate · 6

Ahmed MedhatAlan HofmeyrBuckley VenturesleadCathexis VenturesTiny VCWing VC

Reported raises · per SEC filings

Form D private placements

$18M disclosed across 1 of 3 rounds · 2018–2023

$18MraisedOct 2023 · 93 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ali AfsharExecutive Officer, Director
  • Ignacio WillatsDirector
Offering amount
$18M
Amount sold
$18M
First sale
Sep 2023
Incorporated
Corporation, Delaware
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

Mytos is a London-based biotechnology and automation company that develops iDEM, a system that automates the unit operations of cell culture, and operates an automated contract development and manufacturing organisation (CDMO) for regenerative medicines. The company positions its technology as a way to produce stem cell-derived therapies at scale and lower cost per dose, covering both autologous and allogeneic production, cell banking and differentiation, and supporting multiple T-flask sizes in a closed system.

The iDEM platform uses the same 2D T-flask format as manual culture, which the company says allows manual protocols to be ported to closed automation without altering the underlying biology. Mytos states iDEM reduces labour per batch by up to 10x versus manual culture and reduces cleanroom footprint per batch by a further 10x, and that a fleet architecture avoids the single point of failure associated with large robotic-arm systems. Validated and demonstrated applications include pluripotent stem cell expansion and cell banking, neural progenitor differentiation (relevant to Parkinson's disease), cardiomyocyte differentiation for chronic heart failure research, and retinal pigment epithelium differentiation for macular degeneration.

Mytos CDMO's first site is housed within the Cell and Gene Therapy Catapult's 80,000 sq ft facility, with the company stating plans for a series of global sites. Alongside manufacturing, Mytos says it covers process and analytical development and regulatory support through its own team and partners.

Founding story

The founders observed that regenerative therapies were demonstrating the potential to treat Parkinson's disease, blindness and spinal cord injury, but that manual production would keep them unaffordable and inaccessible for most patients, and set out to address this with automated production. The company began by automating production of stem cell-derived cells such as heart and brain tissue for R&D use at large US pharmaceutical companies, including three of the top 20.

Business model

Mytos operates as an automated CDMO, manufacturing cells for clinical-stage regenerative medicine developers using its own iDEM devices rather than selling the hardware to customers. The company states there are no suite fees and no requirement for customers to purchase iDEM devices, with revenue instead tied to manufacturing batches; it claims batch costs up to 50% lower than manual CDMOs. Services span process and analytical development through to regulatory support, delivered with partners.

Manufacturing services billed per batch, with the company stating it charges no cleanroom suite fees and does not require customers to buy iDEM equipment.

Traction

Announced manufacturing collaborations include Aspen Neuroscience (January 2025), for automating production of autologous dopaminergic neuronal precursor cells for the ANPD001 Parkinson's program to be integrated into Aspen's 22,000 sq ft facility; StemSight, Rinri Therapeutics and Novadip (September 2025), covering corneal blindness, hearing loss and bone regeneration; and Pluristyx (reported December 2025) to automate manufacture of clinical-grade iPSC lines. Mytos CDMO Site 1 operates within CGT Catapult's 80,000 sq ft site. The company reports having raised over $24M in total.

Latest developments

In September 2025 Mytos announced strategic partnerships with StemSight, Rinri Therapeutics and Novadip covering cell therapies for corneal blindness, hearing loss and bone regeneration. A strategic collaboration with Pluristyx to automate manufacture of clinical-grade iPSC lines was reported in December 2025.

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

Market position

Mytos positions itself as an automated alternative to manual CDMOs in regenerative medicine manufacturing, pairing its automation with the Cell and Gene Therapy Catapult's GMP and regulatory infrastructure. It has assembled a set of named clinical-stage partners across several cell types and indications, and reports raising over $24M from investors including founders of Wayve, Dropbox, Segment and Mercury and executives from Sana, BMS and Revolut.

Mytos emphasises that iDEM preserves the standard 2D T-flask workflow so manual protocols transfer to automation without changing the biology, in contrast to alternative formats; a distributed device fleet rather than a large robotic arm, removing a single point of failure; up to 10x less labour and 10x smaller cleanroom footprint per batch; and a CDMO commercial model with no suite fees or device purchases and up to 50% lower batch costs than manual CDMOs.

Technology

The core technology is iDEM, an automated closed cell-culture system that Mytos says automates all unit operations in cell culture and has gone through six generations of refinement. It retains the 2D T-flask format used in manual culture so existing protocols can be transferred without changing the biology, supports multiple flask sizes, and handles autologous and allogeneic production, cell banking and differentiation. Devices are deployed as a fleet to avoid a single point of failure. Reported process capabilities include automated expansion of pluripotent stem cells from a single vial to a bank of hundreds of vials with comparability validated across several iPSC lines, multiple neural progenitor differentiation methods, cardiomyocyte differentiation, and RPE differentiation for a process the company describes as taking three to six months.

Go-to-market

Direct enterprise sales and business development into clinical-stage cell therapy developers, supported by demo requests, brochures and consultations on the company website, and by publicised manufacturing collaborations with named biotech partners.

Clinical-stage cell and gene therapy developers working on regenerative medicines across indications including brain (Parkinson's disease), eye (corneal blindness, macular degeneration), ear (hearing loss), bone regeneration and heart failure; earlier work served R&D groups at large US pharmaceutical companies.

Geography

Headquartered in London, England, with its first CDMO site located within the Cell and Gene Therapy Catapult facility and stated plans for a series of global sites; personnel are reported across Europe and North America.

History

Starting with automated production of stem cell-derived cells for pharmaceutical R&D customers, Mytos iterated its iDEM technology through six generations. It raised a $1.8M seed round announced in August 2018 with investors including Y Combinator, Acequia Capital, Tiny VC, Deep Science Ventures, Cathexis Ventures and angels, and closed a $19M Series A announced in late November 2023 led by Buckley Ventures with IQ Capital and Wing VC. It has since moved into operating fully automated cell manufacturing sites, launching an automated CDMO housed within CGT Catapult's facility and signing manufacturing collaborations with clinical-stage developers through 2025.

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

Key figures

latest reported
CDMO Site 1 host facility size (CGT Catapult)Jan 202580,000 sq ft
Employees (estimated)Jul 202650 employees
Estimated annual revenueJul 2026$1M - $10M
HeadcountAug 202647
IDEM technology generationsJan 20256 generations
Reduction in batch cost vs manual CDMOsJan 202550%
Reduction in cleanroom footprint per batchJan 202510x
Reduction in labour per batch vs manual cultureJan 2025up to 10x
Total funding raised (company-stated)Jan 2025over $24M

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

Competitors · 5

by search overlap
Concertobio11 shared keywordsConcerto Bio generates large-scale ecological datasets on microbial communities and uses them to develop microbe-based consumer health products for applications such as skincare, chronic disease, and nutrition. Its approach combines high-throughput experimental data generation with predictive modeling to make microbial communities engineerable.
Iktos8 shared keywordsIktos develops generative AI and robotics platforms for drug discovery, automating molecular design, synthesis planning, and biological testing. The company serves pharmaceutical and biotech organizations seeking to accelerate preclinical drug development.
Altos Labs8 shared keywordsAltos Labs develops computational and scientific approaches to reverse disease through breakthrough medicines, operating research institutes focused on cell health, computation, and drug discovery.
Mito Health7 shared keywordsMito Health offers direct-to-consumer health testing and personalized diagnostics, allowing customers to order from 1000+ lab tests, scans, and health kits at transparent, cost-based pricing without requiring a doctor's referral. Members pay a $9/month subscription for access to member pricing, personalized action plans, longitudinal health tracking, and clinician-reviewed guidance through an AI health coach and concierge service.
Anto Biosciences6 shared keywordsAnto is an AI research lab developing foundation models for microbial communities to enable precision medicine by computationally modeling how the microbiome affects individual drug response. The company serves pharmaceutical and clinical research by combining AI with genomic and microbiome data.

Companies competing with Mytos for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 4

launches, deals, and filings
Dec 2025
Strategic collaboration with Pluristyx

Mytos and Pluristyx announced a strategic collaboration to automate the manufacture of Pluristyx's clinical-grade iPSC lines for use in regenerative medicine manufacturing.

source ↗

Sep 2025
Partnerships with StemSight, Rinri Therapeutics and Novadip

Mytos announced strategic partnerships to power next-generation cell therapy trials, with iDEM applied across cell types for corneal blindness, hearing loss and complex bone regeneration.

source ↗

Jan 2025
Manufacturing collaboration with Aspen Neuroscience

Aspen Neuroscience will integrate Mytos' iDEM automated cell technology into its 22,000-square-foot facility to automate manufacture of autologous dopaminergic neuronal precursor cells for ANPD001, its investigational Parkinson's disease cell therapy.

source ↗

Nov 2023
Mytos closes $19M Series A led by Buckley Ventures

Mytos announced $19M in Series A financing led by Buckley Ventures with participation from IQ Capital and Wing VC, to automate human cell manufacturing and accelerate growth.

$19M source ↗

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

In the news

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 Mytos do?
Mytos builds iDEM automated cell-culture technology and runs an automated CDMO for regenerative medicine manufacturing.
Who founded Mytos?
Mytos was founded by Ali Afshar, Ignacio Willats in 2016.
Who are Mytos's investors?
Mytos's investors include Y Combinator, Acequia Capital (AceCap), Artis Ventures, Deep Science Ventures, Emles Venture Partners, IQ Capital, Kinled Holding, Pente Capital and 3 more.
How much funding has Mytos raised?
Mytos has disclosed $18M raised across 1 of its 3 known rounds.
Where is Mytos headquartered?
Mytos is headquartered in London, GB.