The Collaboratory
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
The Collaboratory was a Chicago-based AI startup founded in 2020 by husband-and-wife team Nick Lilovich (CEO) and Sruti Balakrishnan (COO), both University of Chicago Booth '17 graduates — Lilovich was a former McKinsey data scientist. It built an AI-powered research platform for biopharma: aggregation, search and summarization tools with NLP-driven recommendations to help researchers discover and collaborate on scientific data across public and proprietary sources. It raised about $1.65-2.2 million, with 7 employees.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded in Chicago
Nick Lilovich and Sruti Balakrishnan found The Collaboratory to improve data discovery and collaboration for biopharma researchers.
- Seed round
The Collaboratory closes a seed round in April 2022 after earlier accelerator backing.
- Out of business
PitchBook records The Collaboratory as out of business as of March 15, 2024.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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