We are closing the angel round for our newco Friday!
We now have 21 months of runway in the bank.
We are onboarding teams into our private alpha including Protocol Labs and Accion Systems. Teams at UC Davis and Brown University have been using us weekly. Our first scientific journal user is also coming onto Jelly--the Journal of Caves and Karst Studies, an 80-year old scientific publication.
Starting next week we start opening up to our waitlist!
If you want to invest in this round, let me know this week.
At Jelly we are building github for science. Jelly is created by the founders that built Experiment (YC W13).
Our product uses a machine learning model to turn PDFs into structured data. The purpose is to turn scientific papers into permanent webpages linking papers based on references, delivering Tim Berners-Lee's original vision of the web.
For our customer today, the tool replaces Zotero, Mendeley, EndNote.
Our intention is to carry the torch on Aaron Swartz’s activism work releasing the JSTOR papers and the work at sci-hub pirating and releasing papers. How we are different is that we intend to make scientific data open and useful in a way that is both lawful and profitable.
Jelly will become a federated social network for science. Today we make money as a SaaS business serving small teams paying $10/seat for private repos. As we get big, we serve enterprise (Genentech, Johnson & Johnson, etc.) as the primary repository for all newly generated scientific data.
The terms are YC SAFE at a $5M cap. To date we have raised $350k from mostly YC founders including Trevor Blackwell, co-founder of YC.
The funding will be used to improve accuracy of our machine learning model and iterate on building a tool that private research teams love and pay for.
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