Austin-based startup Colossal Biosciences Inc., which is using genetic engineering to recreate extinct species like the woolly mammoth, has secured a massive $200 million funding round led by TWG Global. The new funding values the company at $10.2 billion, making it the first Texas-founded and headquartered venture-backed startup to reach this milestone. This achievement cements Colossal Biosciences as a decacorn, a rare form of unicorn with a valuation over $1 billion.
Source: https://www.kxan.com/news/local/austin/colossal-biosciences-valued-at-more-than-10b-after-latest-funding-round