Insitro, an AI biotech founded by Daphne Koller, lays off staff

Insitro, an AI biotech founded by Daphne Koller, lays off staff

Insitro, the closely watched AI biotech founded by the Stanford professor and entrepreneur Daphne Koller, said Thursday it was laying off 22% of its staff, or around 60 people.  It’s part of a series of cuts that have hit well-backed startups over the last couple years, amid a prolonged downturn in biotech fundraising. A few startups have shut down altogether. Others have slashed early-stage research to conserve resources for their first clinica…