Foundry Therapeutics 1

Supporting Patients Through Every Phase of Recuperation

San Jose, United States · Founded 2017 · $92.0M raised

Employees
1–10
Founded
2017
Business Model
B2B
Total Funding
$92.0M
Last Round
$80.0M Series AMar 2024
Rounds
2

About

Foundry Therapeutics (now Allay Therapeutics) is a clinical-stage medical device and drug delivery company focused on controlled, localized, sustained drug release to treat pain and other conditions without systemic opioids. Founded in 2017 and incubated at The Foundry in Menlo Park, the company advanced a durable opioid-free pain management platform.

Summary

Foundry Therapeutics 1 is a Biotech company based in San Jose, United States, founded in 2017. It has raised $92.0M in total across 2 rounds, most recently a $80.0M Series A round in Mar 2024. Investors include Sequoia Capital and Lightspeed Venture Partners.

Funding History

Series ASeries AMar 2024
$80.0M

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Seed through Series A — per-round amounts, valuations, and who invested in each round.

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