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Radar · Immunotherapy in California

Best Immunotherapy Companies in California, United States

The 327 best Immunotherapy companies in California, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Halozyme.

327companies tracked
$23.4Bdisclosed funding
0unicorns
242have raised
FLIAR INTELLIGENCE · IMMUNOTHERAPY × CALIFORNIA

Our analysis of 50 Immunotherapy companies

$8.8b in tracked funding; 69% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

50companies analysed
69%cloud-native stacks
2025funding peak (by rounds)
2017median founding year
42median Fliar Index™
420kcombined LinkedIn audience
43%of audience held by top 3
7companies hiring publicly (12 mo)

Ranked: Best Immunotherapy companies in California

#CompanyDisclosed fundingLast roundEmployeesFounderTech stackPatents & IP focusRecent signals
1Halozyme
Developer of drug delivery technologies for the treatment of various diseases
$1.3B46 mo ago373
373 → 536 (+44%) · sector median +7%
Helen Torley
CEO & President
WordPressBugHerdApple iCloud Mail+21715 patents
Enabling subcutaneous delivery of biologics via hyaluronidase and advanced injector devices
1 partnership
2ImmunityBio
Developer of peptide-based vaccines for immunotherapy
$1.1B29 mo ago725
725 → 657 (-9%) · sector median +7%
Richard Adcock
Chief Executive Officer
WordPressApple iCloud MailMySQL+41499 patents
Cell-based cancer immunotherapies and therapeutic vaccines targeting solid tumors.
2 job openings · 1 partnership
3Summit
Developer of therapeutics for oncology and rare diseases
22Partners top 31%Funding top 33%Product top 35%News top 37%
All 13 signals ▾
Partnerstop 31%
Fundingtop 33%
Producttop 35%
Newstop 37%
Techtop 45%
Growthbottom 43%
Moatbottom 43%
Marketbottom 42%
Talentbottom 41%
Globalbottom 37%
Patentsbottom 30%
Innovationbottom 26%
Fin. healthbottom 22%
Partners: 3 contract events in 12 mo · Named contractor/client in 3 deals
Funding: Raised $713M across 4 rounds · 4 rounds over 6 yrs (0.7/yr)
rank vs industry peers · Fliar Intelligence Index 22/100
$713M7 mo ago99Maky Zanganeh
CEO
WordPress Block EditorWordPressMySQL+1813 patents
Digital media submission, processing, and distribution platforms for online content management.
—
4Allogene Therapeutics
Developer of chimeric antigen receptor cell therapy to treat cancer
$532M25 mo ago303
303 → 215 (-29%) · sector median +7%
David Chang
President and Chief Executive Officer
WordPressMySQLPHP+25414 patents
Engineering allogeneic CAR‑T cells with immune‑evasion, switch receptors, and dosing technologies
3 launchs
5Lyell Immunopharma
Developer of CAR- T therapy for cancer treatment
45Patents top 14%Innovation top 21%Funding top 24%Talent top 28%
All 11 signals ▾
Patentstop 14%
Innovationtop 21%
Fundingtop 24%
Talenttop 28%
Techtop 30%
Moatbottom 46%
Globalbottom 42%
Marketbottom 32%
Growthbottom 32%
Newsbottom 23%
Fin. healthbottom 18%
Patents: 163 patents matched (strict assignee match) · 154 filings since 2022 vs 9 in 2017-21
Innovation: 163 patents (top 13% of patent-holders) · 154 filings since 2022 vs 9 in 2017-21
rank vs industry peers · Fliar Intelligence Index 45/100
$493M10 mo ago224
224 → 233 (+4%) · sector median +7%
Stan Riddell
Co-Founder
WordPressMySQLPHP+16163 patents
Patents concentrated in chemistry & materials
—
6Inhibrx
Antibody-based immunotherapeutics for cancer and infectious diseases
45Funding top 25%Patents top 29%Product top 32%Innovation top 33%
All 11 signals ▾
Fundingtop 25%
Patentstop 29%
Producttop 32%
Innovationtop 33%
Techtop 42%
Moatbottom 49%
Growthbottom 43%
Marketbottom 41%
Globalbottom 40%
Newsbottom 32%
Fin. healthbottom 31%
Funding: Raised $469M across 12 rounds · 12 rounds over 11 yrs (1.1/yr)
Patents: 499 patents matched (strict assignee match) · 161 filings since 2022 vs 269 in 2017-21
rank vs industry peers · Fliar Intelligence Index 45/100
$469M15 mo ago112
112 → 111 (-1%) · sector median +7%
—WordPressBugHerdMySQL+34499 patents
Engineering multispecific therapeutic proteins (antibodies, DR5, serpin fusions) for immune modulation
1 launch
7TORL BioTherapeutics
Developer of antibody-based therapeutics for the treatment of cancer
37Funding top 16%Moat top 31%Talent bottom 49%Market bottom 40%
All 5 signals ▾
Fundingtop 16%
Moattop 31%
Talentbottom 49%
Marketbottom 40%
Globalbottom 29%
Funding: Raised $350M across 3 rounds · 3 rounds over 3 yrs (1.0/yr)
Moat: Editorial + unicorn rating 8/10 · Soonicorn
rank vs industry peers · Fliar Intelligence Index 37/100
$350M8 mo ago—Mark Attanasio
Co-Founder
———
8Capstan Therapeutics
Developer of cell therapies for a broad range of diseases
$340M27 mo ago75Laura Shawver
CEO
WordPressTypeScriptGraphQL+21——
9Poseida Therapeutics
Developer of gene therapies for treating cancer and liver orphan disease by using gene editing technologies
$324M34 mo ago259—WordPressMySQLPHP+18426 patents
Patents concentrated in chemistry & materials
—
10Kyverna Therapeutics
Developer of T-cell therapy for autoimmune disease
$322M34 mo ago96
96 → 160 (+67%) · sector median +7%
—DrupalApple iCloud MailMicrosoft 365+29——
11CG Oncology
Developer of immunotherapeutic agents for treating cancer
$294M34 mo ago45—DrupalApple iCloud MailMicrosoft 365+28149 patents
Novel anti‑cancer small molecules and CAR therapies targeting EMT and AXL/ROR2 receptors
—
12Sorrento Therapeutics
Developer of immuno therapeutics for cancer, inflammation, and autoimmune diseases
67Funding top 20%Patents top 20%Market top 26%Moat top 30%
All 12 signals ▾
Fundingtop 20%
Patentstop 20%
Markettop 26%
Moattop 30%
Innovationtop 32%
Growthtop 45%
Fin. healthtop 45%
Partnerstop 45%
Talentbottom 49%
Globalbottom 44%
Techbottom 31%
Newsbottom 27%
Funding: Raised $282M across 17 rounds · 17 rounds over 17 yrs (1.0/yr)
Patents: 1,073 patents matched (strict assignee match) · 312 filings since 2022 vs 587 in 2017-21
rank vs industry peers · Fliar Intelligence Index 67/100
$282M14 mo ago949Henry Ji
Co-Founder & CEO
—1,073 patents
Patents concentrated in health & consumer products
—
13BlossomHill Therapeutics
Provider of the drug for the treatment of oncology and autoimmune disorders
55Funding top 20%Patents top 21%Innovation top 23%Moat top 26%
All 7 signals ▾
Fundingtop 20%
Patentstop 21%
Innovationtop 23%
Moattop 26%
Newsbottom 42%
Globalbottom 42%
Marketbottom 34%
Funding: Raised $260M across 3 rounds · 3 rounds over 5 yrs (0.6/yr)
Patents: 133 patents matched (strict assignee match) · 133 filings since 2022 vs 0 in 2017-21
rank vs industry peers · Fliar Intelligence Index 55/100
$260M6 mo ago14——133 patents
Patents concentrated in chemistry & materials
3 job openings
14Asher Biotherapeutics
Developer of immunotherapies for the treatment of cancer and autoimmune diseases
$218M26 mo ago48Ivana Djuretic
Founder
—78 patents
Patents concentrated in chemistry & materials
—
15Candid Therapeutics
Developer of therapeutics for autoimmune diseases
40Funding top 17%Growth top 38%News top 48%Moat top 48%
All 8 signals ▾
Fundingtop 17%
Growthtop 38%
Newstop 48%
Moattop 48%
Talentbottom 49%
Techbottom 38%
Globalbottom 38%
Marketbottom 32%
Funding: Raised $206M across 2 rounds · 2 rounds over 2 yrs (1.0/yr)
Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 40/100
$206M3 mo ago—Ken Song
CEO
WordPressMySQLPHP+15——
16Eledon
Provider of therapeutics solution for organ or cellular transplantation in autoimmune and neurodegenerative…
$201M25 mo ago17
17 → 42 (+147%) · sector median +7%
—DrupalApple iCloud MailMicrosoft 365+24——
17Attralus
Developer of drugs for the treatment of Amyloid diseases
$197M28 mo ago23Jonathan Wall
Co-Founder
—50 patents
Engineered Fc‑fusion and antibody‑peptide biologics for amyloid disease therapy
—
18Solve Therapeutics
Developer of antibody-based therapies targeting tumor-specific antigens for cancer treatment
55Funding top 16%Moat top 40%Global top 45%Market bottom 49%
All 5 signals ▾
Fundingtop 16%
Moattop 40%
Globaltop 45%
Marketbottom 49%
Talentbottom 49%
Funding: Raised $195M across 2 rounds · 2 rounds over 2 yrs (1.0/yr)
Moat: Soonicorn · 10 curated direct competitors tracked
rank vs industry peers · Fliar Intelligence Index 55/100
$195M7 mo ago—Dave Johnson
Founder & CEO
———
19Spyre Therapeutics
Developer of monoclonal antibody therapeutics for inflammatory bowel disease
$180M30 mo ago30Cameron Turtle
CEO
DrupalApple iCloud MailPHP+22—1 award
20Santa Ana Bio
Developer of precision medicines for autoimmune diseases.
$168M25 mo ago25Danny Wells
Co-Founder
———
21Attovia
Developer of antibody-based therapeutics for immune-mediated diseases and oncology
48Funding top 19%Talent top 28%Moat top 38%Global bottom 38%
All 5 signals ▾
Fundingtop 19%
Talenttop 28%
Moattop 38%
Globalbottom 38%
Marketbottom 37%
Funding: Raised $165M across 3 rounds · 3 rounds over 2 yrs (1.5/yr)
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 48/100
$165M14 mo ago—Zaneta Odrowaz
Co-Founder
———
22Nura Bio
Provider of solution for diagnosis of a neurological disorder and neuroprotective medicines
$141M21 mo ago25Marc Freeman
Co-Founder
———
23Arthrosi Therapeutics
Developer of therapeutics for gout, chronic kidney diseases, and oncology
22Funding top 26%News top 46%Moat top 48%Talent bottom 49%
All 7 signals ▾
Fundingtop 26%
Newstop 46%
Moattop 48%
Talentbottom 49%
Techbottom 43%
Globalbottom 37%
Marketbottom 24%
Funding: Raised $140M across 8 rounds · 8 rounds over 8 yrs (1.0/yr)
News: 2 BI events in 12 mo (of 6 tracked, 3 types) · +100% YoY
rank vs industry peers · Fliar Intelligence Index 22/100
$140M12 mo ago11Litain Yeh
Co-Founder & CEO
WordPressApple iCloud MailMicrosoft 365+24——
24Ouro Medicines
Developer of therapeutics for people living with chronic immune-mediated diseases
$120M17 mo ago—Jaideep Dudani
CEO
———
25STAR Therapeutics
Developer of antibody therapies for multiple diseases
40Funding top 21%Moat top 42%Talent bottom 49%News bottom 45%
All 6 signals ▾
Fundingtop 21%
Moattop 42%
Talentbottom 49%
Newsbottom 45%
Marketbottom 42%
Globalbottom 38%
Funding: Raised $90.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr)
Moat: Editorial + unicorn rating 4/10 · Soonicorn
rank vs industry peers · Fliar Intelligence Index 40/100
$90M8 mo ago43Adam Rosenthal
Founder & CEO
———
26TEMPEST THERAPEUTICS
Developing targeted, immune-mediated oral cancer therapies for broad patient benefit
21Funding top 28%News top 36%Growth top 42%Tech top 49%
All 9 signals ▾
Fundingtop 28%
Newstop 36%
Growthtop 42%
Techtop 49%
Moatbottom 43%
Talentbottom 41%
Globalbottom 39%
Marketbottom 23%
Fin. healthbottom 13%
Funding: Raised $88.2M across 4 rounds · 4 rounds over 15 yrs (0.3/yr)
News: 19 BI events in 12 mo (of 57 tracked, 7 types) · +6% YoY
rank vs industry peers · Fliar Intelligence Index 21/100
$88M2 mo ago19Stephen B
Chief Executive Officer
DrupalPHPparticles.js+25——
27Azalea Therapeutics
Developer of precision genome engineering technologies for in vivo cell therapies
62Talent top 23%Funding top 26%Global bottom 33%
All 3 signals ▾
Talenttop 23%
Fundingtop 26%
Globalbottom 33%
Talent: 6 named leaders on record · 6 C-suite/founder profiles curated
Funding: Raised $82.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr)
rank vs industry peers · Fliar Intelligence Index 62/100
$82M7 mo ago—Jenny H
Co-Founder
——1 expansion
28Cidara Therapeutics
Developer of novel anti-infectives for infectious diseases (bacterial and fungal)
$78M18 mo ago90
90 → 48 (-47%) · sector median +7%
Jeff Stein
CEO
—275 patents
Antibody‑drug conjugates and biologics targeting viral and cancer pathways.
—
29Tr1X
Developer of T cell-based products to treat autoimmune and inflammatory diseases
$75M14 mo ago7David Vries
Co-Founder
—35 patents
IL-10‑secreting CD4+ CAR‑T cell immunotherapies for enhanced immune regulation
—
30EpiBiologics
Developer of antibody-based targeted therapies to treat multiple diseases
45Funding top 21%Talent top 38%Moat top 39%Innovation top 42%
All 7 signals ▾
Fundingtop 21%
Talenttop 38%
Moattop 39%
Innovationtop 42%
Patentstop 42%
Globalbottom 37%
Marketbottom 34%
Funding: Raised $73.0M across 3 rounds · 3 rounds over 3 yrs (1.0/yr)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 45/100
$73M5 mo ago22Josef Gramespacher
Co-Founder
—13 patents
Bispecific antibody therapeutics for targeted degradation of EGFR and cMET receptors
1 job opening
31Vivace Therapeutics
Developer of cancer therapeutics targeting a novel cancer pathway
$70M15 mo ago6———1 job opening
32Link Cell Therapies
Developer of CAR-T cell therapies for the treatment of cancer
11Funding top 29%Tech bottom 41%Global bottom 29%Market bottom 19%
All 4 signals ▾
Fundingtop 29%
Techbottom 41%
Globalbottom 29%
Marketbottom 19%
Funding: Raised $60.0M across 1 rounds · 1 rounds over 4 yrs (0.2/yr)
Tech: 19 technologies across 3/8 capability areas · Cloud: Cloudflare
rank vs industry peers · Fliar Intelligence Index 11/100
$60M6 mo ago8—WordPress Block EditorWordPressMySQL+16——
33CERo Therapeutics
Developer of platforms for cellular immunotherapy
$56M13 mo ago15
15 → 16 (+7%) · sector median +7%
—Node.jsUbuntuBootstrap+15——
34LTZ Therapeutics
Developer of immunotherapies to treat cancer and other diseases
35Funding top 26%Moat top 39%Talent bottom 49%Market bottom 40%
All 5 signals ▾
Fundingtop 26%
Moattop 39%
Talentbottom 49%
Marketbottom 40%
Globalbottom 36%
Funding: Raised $47.0M across 4 rounds · 4 rounds over 4 yrs (1.0/yr)
Moat: Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
rank vs industry peers · Fliar Intelligence Index 35/100
$47M1 mo ago23Martin Treder
Co-Founder
———
35Primmune Therapeutics
Developer of immunotherapies for treating cancer
42Funding top 21%Talent top 28%Product top 35%Innovation top 38%
All 8 signals ▾
Fundingtop 21%
Talenttop 28%
Producttop 35%
Innovationtop 38%
Moattop 39%
Techbottom 40%
Globalbottom 36%
Marketbottom 26%
Funding: Raised $46.8M across 8 rounds · 8 rounds over 6 yrs (1.3/yr)
Talent: Analyst team rating 4/5 · 4 named leaders on record
rank vs industry peers · Fliar Intelligence Index 42/100
$47M4 mo ago9Stephen Webber
Co-Founder
———
36BriaCell Therapeutics
Developer of immunotherapies for the treatment of cancer
$46M17 mo ago16
16 → 24 (+50%) · sector median +7%
—WordPressPleskMySQL+22—3 job openings · 2 partnerships
37PeproMene Bio
Developer of T-cell therapeutics for cancer treatment
$44M17 mo ago6—WordPressMySQLPHP+15——
38Calidi Biotherapeutics
Developer of gene therapies for the treatment of cancer and other indications
$34M22 mo ago29
29 → 31 (+7%) · sector median +7%
Megan Camaisa
Co-Founder
WebflowApple iCloud MailMicrosoft 365+1547 patents
Oncolytic viral therapies using cell carriers and engineered smallpox vaccine platforms
1 launch
39Equillium
Developer of therapies for treating autoimmune and inflammatory disorders
$30M10 mo ago36
36 → 38 (+6%) · sector median +7%
Daniel Bradbury
Co-Founder & CEO
Q4MediaElement.jsMicrosoft ASP.NET+1433 patents
Immunotherapy antibodies targeting CD6 for autoimmune and inflammatory disease treatment
—
40OncoSynergy
Developer of resistance mechanism inhibitors to treat cancer
11Funding top 28%Moat top 32%Patents bottom 48%Global bottom 42%
All 6 signals ▾
Fundingtop 28%
Moattop 32%
Patentsbottom 48%
Globalbottom 42%
Innovationbottom 33%
Marketbottom 18%
Funding: Raised $26.7M across 7 rounds · 7 rounds over 8 yrs (0.9/yr)
Moat: Editorial + unicorn rating 5/10 · IP moat: 26 patents
rank vs industry peers · Fliar Intelligence Index 11/100
$27M1 mo ago3——26 patents
Patents concentrated in chemistry & materials
—
41Vironexis Biotherapeutics
Developer of AAV-delivered T-cell immunotherapies for the treatment of cancer
$26M21 mo ago—Timothy Cripe
Co-Founder
—15 patents
AAV-based gene therapy vectors targeting metastatic cancer prevention and treatment
—
42cTRL Therapeutics
Developer of therapeutics for solid tumor treatments
$19M20 mo ago—Shana Kelley
Founder
———
43RyboDyn
Developer of immunotherapies for the treatment of cancer
21Talent top 28%Funding top 37%Global bottom 48%Market bottom 15%
All 4 signals ▾
Talenttop 28%
Fundingtop 37%
Globalbottom 48%
Marketbottom 15%
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $14.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr)
rank vs industry peers · Fliar Intelligence Index 21/100
$14M2 mo ago3Kerry Wilson
Co-Founder
———
44ImmuneBridge
Developer of allogeneic cellular medicines to treat cancer
$12M14 mo ago4Jesse Cotari
Co-Founder
—10 patents
Patents concentrated in health & consumer products
—
45Trellis Bioscience
Human antibodies against infectious diseases and cancer
$10M14 mo ago6Stefan Ryser
President & CEO
—170 patents
Antibody-based therapeutics and vaccines targeting RSV and influenza viral proteins.
—
46Nuravax
Developer of immunotherapy for neurodegenerative disorders
$3M13 mo ago—Roman Kniazev
Chief Executive Officer
———
47ESTRELLA BIOPHARMA
Developer of immunotherapies for cancer treatment
$3M12 mo ago—Cheng Liu
CEO
———
48Bio Usawa
Developer of immunotherapy for cancer treatment
$3M7 mo ago—Richard Chin
Co-Founder
BootstrapSlickjQuery+9——
49Acumen Pharmaceuticals
Developer of monoclonal antibody therapeutics for Alzheimer's disease
$2M3 mo ago52
52 → 67 (+29%) · sector median +7%
—DrupalApple iCloud MailMicrosoft 365+22—1 partnership
50Aarvik Therapeutics
Developer of antibody-drug conjugates for oncology targets
$1M8 mo ago9Sachdev Sidhu
Co-Founder
Cart FunctionalitySquarespace CommerceSquarespace+10——

Top 12 Immunotherapy companies in California

#1
Public · Menlo Park, California · founded 2003 · 99 employees
$713Mraised
▾

Developer of therapeutics for oncology and rare diseases. It offers Ivonescimab which combines the effects of immunotherapy via a blockade of PD-1 with the anti-VEGF effect for the treatment of non-small cell lung cancer.

Fliar Intelligence Index™ 22how this company ranks against its industry peers
Partners
top 31%
Funding
top 33%
Product
top 35%
News
top 37%
Tech
top 45%
Growth
bottom 43%
Partners: 3 contract events in 12 mo · Named contractor/client in 3 deals
Funding: Raised $713M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) · Last round Post IPO (Oct 2025)
Product: 0 product launch events in 12 mo, 1 the year before · Company stage: Public
Audience (LinkedIn): 58k LinkedIn followers — 13.8% of this cohort's audience
Funding rounds
  • Oct 2025Post IPO$228M
  • Sep 2024Post IPO$235M
  • Jun 2024Post IPO$200M
  • Nov 2020Post IPO$50M
Founders & team
Maky ZanganehCEO
Investors
Akeso
Tech stack
CloudflareFancyboxGodaddyGoogle Font ApiHstsJquery
#2
Acquired · San Diego, California · founded 2024
$206.2Mraised
▾

Developer of therapeutics for autoimmune diseases. It focuses on identifying and targeting specific pathways to develop therapies which include CND106 a bispecific antibody that targets and eliminate later stage B-cellsf or autoantibody disease treatment, CND261 targets a broad range of B-cell subtypes for autoimmune diseases.

Fliar Intelligence Index™ 40how this company ranks against its industry peers
Funding
top 17%
Growth
top 38%
News
top 48%
Moat
top 48%
Talent
bottom 49%
Tech
bottom 38%
Funding: Raised $206M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Series E (Mar 2026)
Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
News: 4 BI events in 12 mo (of 8 tracked, 2 types) · +0% YoY · Top themes: M&A
Audience (LinkedIn): 9k LinkedIn followers — 2.0% of this cohort's audience
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
  • Mar 2026Series E$505M
  • Sep 2024Series D$370M
Founders & team
Ken SongCEO
Investors
Venrock, Fairmont, TCG Crossover, VenBio, Foresite Capital, Third Rock Ventures
Tech stack
CloudflareCloudflare Bot ManagementDreamhostGoogle Font ApiHttp/3Jquery
#3
Public · San Francisco, California · founded 2011 · 19 employees
$88.2Mraised
▾

Developing targeted, immune-mediated oral cancer therapies for broad patient benefit. This clinical-stage biotechnology company focuses on creating small molecule therapeutics to treat cancer. Their approach involves mechanisms that directly target and kill tumor cells while simultaneously activating the body's own tumor-specific immunity. The company is developing first-in-class oral drug therapeutics with the potential to offer significant advantages to a wide range of cancer patients. They explore both new and validated pathways to discover and develop novel therapeutics. Their pipeline represents innovative approaches to cancer treatment, aiming to improve patient outcomes through targeted and immune-mediated strategies. The company's focus is on oncology drug discovery and development, with the goal of advancing novel therapeutics that will bring meaningful benefit to patients.

Fliar Intelligence Index™ 21how this company ranks against its industry peers
Funding
top 28%
News
top 36%
Growth
top 42%
Tech
top 49%
Moat
bottom 43%
Talent
bottom 41%
Funding: Raised $88.2M across 4 rounds · 4 rounds over 15 yrs (0.3/yr) · Last round Post IPO (Mar 2026)
News: 19 BI events in 12 mo (of 57 tracked, 7 types) · +6% YoY · 6 high-value events (IPO/M&A/funding/contracts) in 12 mo
Growth: Web rank 5,000,000 → 10,000,000 YoY · 2 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
Funding rounds
  • Mar 2026Post IPO$6M
  • Mar 2026Post IPO$2M
  • Feb 2020Series B$83.2M
  • 2015Series A—
Founders & team
Stephen BChief Executive Officer
Investors
F-Prime Capital, Lilly Asia Ventures, Foresite Capital, Eight Roads Ventures, Versant Ventures, Quan Capital
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAkamai
#4
Series B · Redwood City, California · founded 2021 · 23 employees
$47Mraised
▾

Developer of immunotherapies to treat cancer and other diseases. The company focuses on the development of immunotherapies that are capable of overcoming resistance and boosting anti-tumor immunity based on reverse translational science technology.

Fliar Intelligence Index™ 35how this company ranks against its industry peers
Funding
top 26%
Moat
top 39%
Talent
bottom 49%
Market
bottom 40%
Global
bottom 36%
Funding: Raised $47.0M across 4 rounds · 4 rounds over 4 yrs (1.0/yr) · Last round Series B (May 2026)
Moat: Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 5k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Finance Coordinator (R&D), Medical/Sr. Med Director (MD) – Early Clinical Development
Activity (LinkedIn): 1 partnerships (incl. GlisoSmithKline (GSK)) announced in 12 mo
Funding rounds
  • May 2026Series B$38M
  • Jul 2024Series A$20M
  • May 2023Seed$10M
  • Apr 2022Seed$17M
Founders & team
Martin TrederCo-Founder
Investors
Qiming Venture Partners, Shunwei Capital, K2 Venture Capital, Tigermed, Lapam Capital, K2VC
#5
Series B · San Diego, California · founded 2020 · 14 employees
$259.6Mraised
▾

Provider of the drug for the treatment of oncology and autoimmune disorders. The company is involved in drug design and development based on small molecules.

Fliar Intelligence Index™ 55how this company ranks against its industry peers
Funding
top 20%
Patents
top 21%
Innovation
top 23%
Moat
top 26%
News
bottom 42%
Global
bottom 42%
Funding: Raised $260M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) · Last round Series B (Nov 2025)
Patents: 133 patents matched (strict assignee match) · 133 filings since 2022 vs 0 in 2017-21 · Latest publication 2026
Innovation: 133 patents (top 21% of patent-holders) · 133 filings since 2022 vs 0 in 2017-21
Audience (LinkedIn): 9k LinkedIn followers — 2.2% of this cohort's audience
Hiring (LinkedIn): 3 hiring posts in 12 mo (public) · momentum +3 · hiring: Principal Programmer, Statistical Programming, Director/Senior Director, Medical Affairs
Funding rounds
  • Nov 2025Series B$84.2M
  • Dec 2023Series B$100M
  • Mar 2021Series A$71M
Investors
Cormorant Asset Management, Orbimed, Vivo Capital, Colt Ventures, Plaisance Capital Management, H&D Asset Management
#6
Acquired · San Francisco, California · founded 2011 · 3 employees
$26.7Mraised
▾

Developer of resistance mechanism inhibitors to treat cancer. It targets multiple hallmarks of cancer progression and have demonstrated efficacy as monotherapy and in strategic combinations. The lead drug program OS2966 therapeutic antibody blocking a cell surface receptor for the treatment of glioblastoma, ovarian, pancreatic cancer, and malignant meningioma.

Fliar Intelligence Index™ 11how this company ranks against its industry peers
Funding
top 28%
Moat
top 32%
Patents
bottom 48%
Global
bottom 42%
Innovation
bottom 33%
Market
bottom 18%
Funding: Raised $26.7M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) · Last round Series A (May 2026)
Moat: Editorial + unicorn rating 5/10 · IP moat: 26 patents
Patents: 26 patents matched (strict assignee match) · 4 filings since 2022 vs 12 in 2017-21 · Latest publication 2023
Audience (LinkedIn): 1k LinkedIn followers
Funding rounds
  • May 2022Series A$3.5M
  • Nov 2020Conventional Debt$250K
  • Sep 2020Series A$3.2M
  • Jan 2020Grant (prize money)$300K
Investors
National Cancer Institute, Connecticut Innovations, Navation, KICC, HHS, JLABS
#7
Series C · Los Angeles, California · founded 2019
$350Mraised
▾

Developer of antibody-based therapeutics for the treatment of cancer. The company's lead candidate, TORL-1-23, is a CLDN6-directed antibody-drug conjugate for patients across multiple cancer types. Also, it is developing a broad pipeline of novel preclinical ADCs and mAb in oncologic indications.

Fliar Intelligence Index™ 37how this company ranks against its industry peers
Funding
top 16%
Moat
top 31%
Talent
bottom 49%
Market
bottom 40%
Global
bottom 29%
Funding: Raised $350M across 3 rounds · 3 rounds over 3 yrs (1.0/yr) · Last round Series C (Oct 2025)
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 10 curated direct competitors tracked
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding rounds
  • Oct 2025Series C$96M
  • Apr 2024Series B$158.3M
  • Apr 2023Series B$158M
Founders & team
Mark AttanasioCo-Founder
Investors
Goldman Sachs Asset Management, Deep Track Capital, Moore Ventures, Cowen, Bristol-Myers Squibb, Vertex Ventures HC
#8
Series D · San Diego, California · founded 2021
$195Mraised
▾

Developer of antibody-based therapies targeting tumor-specific antigens for cancer treatment. The company focuses on advancing antibody-based therapeutics to address unmet medical needs. It refines a chemistry platform while developing targeted radionuclide therapeutics. The company evaluates companion radiodiagnostics for use with other types of targeted cancer therapeutics.

Fliar Intelligence Index™ 55how this company ranks against its industry peers
Funding
top 16%
Moat
top 40%
Global
top 45%
Market
bottom 49%
Talent
bottom 49%
Funding: Raised $195M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Series D (Nov 2025)
Moat: Soonicorn · 10 curated direct competitors tracked
Global: Investors from 3 countries beyond United States
Audience (LinkedIn): 2k LinkedIn followers
Funding rounds
  • Nov 2025Series D$120M
  • Dec 2024Series C$75M
Founders & team
Dave JohnsonFounder & CEO
Investors
Yosemite, Abingworth, Ally Bridge Group, B Capital, Balyasny Asset Management, Merck
#9
Public · San Francisco, California · founded 2018 · 224 employees
$493Mraised
▾

Developer of CAR- T therapy for cancer treatment. The lead CAR program LYL797is developed for the treatment of ROR1+ non-small cell lung cancer and triple-negative breast cancer. Another candidate LYL845 is an autologous TIL therapy for the treatment of multiple solid tumors.

Fliar Intelligence Index™ 45how this company ranks against its industry peers
Patents
top 14%
Innovation
top 21%
Funding
top 24%
Talent
top 28%
Tech
top 30%
Moat
bottom 46%
Patents: 163 patents matched (strict assignee match) · 154 filings since 2022 vs 9 in 2017-21 · Latest publication 2026
Innovation: 163 patents (top 13% of patent-holders) · 154 filings since 2022 vs 9 in 2017-21
Funding: Raised $493M across 2 rounds · 2 rounds over 8 yrs (0.2/yr) · Last round Post IPO (Jul 2025)
Audience (LinkedIn): 22k LinkedIn followers — 5.1% of this cohort's audience
Funding rounds
  • Jul 2025Post IPO$100M
  • Mar 2020Series C$493M
  • 2018Seed—
Founders & team
Stan RiddellCo-FounderCrystal MackallCo-FounderRick KlausnerCo-Founder
Investors
GSK, Sahsen Ventures, 8VC, Foresite Capital, Arch Venture Partners, Mubadala
Tech stack
Amazon Web ServicesBootstrapCloudflareCloudflare Bot ManagementFont AwesomeGoogle Analytics
#10
Series B · San Diego, California · founded 2017 · 9 employees
$46.8Mraised
▾

Primmune Therapeutics is developing immunotherapies for treating cancer. They are developing a small molecule (orally administered) which is a toll-like receptor 7 (TLR7) agonist (an endosomal innate immune sensor capable of detecting single-stranded ribonucleic acid) helps in systemic activation of innate immunity. It gets expressed on plasmacytoid dendritic cells.

Fliar Intelligence Index™ 42how this company ranks against its industry peers
Funding
top 21%
Talent
top 28%
Product
top 35%
Innovation
top 38%
Moat
top 39%
Tech
bottom 40%
Funding: Raised $46.8M across 8 rounds · 8 rounds over 6 yrs (1.3/yr) · Last round Series B (Jan 2026)
Talent: Analyst team rating 4/5 · 4 named leaders on record · 4 C-suite/founder profiles curated
Product: 3 distinct product lines · Company stage: Series B
Funding rounds
  • Jan 2026Series B$8.6M
  • Nov 2021Series A$8.4M
  • Jan 2021Series A$4M
  • Oct 2020Series A$27.4M
Founders & team
Stephen WebberCo-FounderJames ApplemanCo-Founder & CSOPaulo RangelCo-Founder & CBO
Investors
CAM Capital, BioBrit, BioRock Ventures, Bioqube Ventures, Polaris Partners, Samsara BioCapital
Tech stack
WordpressMysqlPhpDownload MonitorContact Form 7Yoast Seo
#11
Series B · San Carlos, California · founded 2021 · 22 employees
$73Mraised
▾

Developer of antibody-based targeted therapies to treat multiple diseases. The company has a proprietary EpiTAC platform that enables the development of first-in-class and best-in-class targeted therapies that degrade disease-driving membrane and extracellular proteins against a wide range of disorders.

Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 21%
Talent
top 38%
Moat
top 39%
Innovation
top 42%
Patents
top 42%
Global
bottom 37%
Funding: Raised $73.0M across 3 rounds · 3 rounds over 3 yrs (1.0/yr) · Last round Series B (Jan 2026)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Moat: Editorial + unicorn rating 4/10 · IP moat: 13 patents · Soonicorn
Audience (LinkedIn): 5k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Mass Spec Scientist Large Molecule Characterization
Funding rounds
  • Jan 2026Series B$107M
  • Jul 2023Series A$23M
  • Mar 2023Series A$50M
Founders & team
Josef GramespacherCo-FounderAnn Lee-KarlonCEO
Investors
Mubadala, Polaris Partners, Vivo Capital, Google Ventures, Digitalis Ventures, Taiho Ventures
#12
Acquired · Solana Beach, California · founded 2009 · 112 employees
$468.6Mraised
▾

Antibody-based immunotherapeutics for cancer and infectious diseases. it has proprietary platforms that enable fit-for-function bio-therapeutics that optimally interface with the biology of each target antigen, focus immune activation, and mediate enhanced signaling. Its product pipeline includes INBRX-109 an engineered tetravalent sdAb-based therapeutic candidate to induce tumor selective programmed cell death, and INBRX-106 is a hexavalent sdAb-based therapeutic candidate targeting OX40 to treat locally advanced or metastatic solid tumors.

Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 25%
Patents
top 29%
Product
top 32%
Innovation
top 33%
Tech
top 42%
Moat
bottom 49%
Funding: Raised $469M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) · Last round Grant (prize money) (Mar 2025)
Patents: 499 patents matched (strict assignee match) · 161 filings since 2022 vs 269 in 2017-21 · Latest publication 2026
Product: 3 distinct product lines · Company stage: Acquired
Audience (LinkedIn): 7k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
  • Mar 2025Grant (prize money)$120.1K
  • Sep 2023Post IPO$200M
  • Feb 2021Grant (prize money)$279.4K
  • Apr 2020Conventional Debt$10M
Investors
Oxford Finance, Viking Global Investors, HHS, Military Health, RA Capital Management, Alexandria
Tech stack
AccessibeAdobe Experience Platform LaunchAmplitudeAosBabelBugherd

Funding & investor landscape

$23.4Btotal disclosed funding
238companies funded
979disclosed rounds
3rounds last 90 days
Most active investors
HHS56 rounds
Orbimed21 rounds
Janus Henderson Investors17 rounds
RA Capital Management17 rounds
Foresite Capital16 rounds
Alexandria13 rounds
Perceptive Advisors13 rounds
Vivo Capital13 rounds
BVF Partners12 rounds
Google Ventures12 rounds

Notable founders

Maky Zanganeh
CEO · Summit
Ken Song
CEO · Candid Therapeutics
Stephen B
Chief Executive Officer · TEMPEST THERAPEUTICS
Martin Treder
Co-Founder · LTZ Therapeutics
Mark Attanasio
Co-Founder · TORL BioTherapeutics
Dave Johnson
Founder & CEO · Solve Therapeutics
Stan Riddell
Co-Founder · Lyell Immunopharma
Crystal Mackall
Co-Founder · Lyell Immunopharma
Stephen Webber
Co-Founder · Primmune Therapeutics
James Appleman
Co-Founder & CSO · Primmune Therapeutics
Josef Gramespacher
Co-Founder · EpiBiologics
Ann Lee-Karlon
CEO · EpiBiologics
Prism market signals · United States · country-scoped Prism corpus, 1,146,706 docs

Market landscape — 10 sub-themes by coverage

Share of Immunotherapy coverage by sub-theme.

Regulatory-risk over time falling

Funding & growth over time

funding rising · growth rising

RESEARCH IN CALIFORNIA · Health & Bio

How research on Immunology in California is moving

A read on the academic research around Immunology in California — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 922 papers.

UC Los Angeles, San Francisco, and San Diego lead California's immunology research, dominated by CAR-T and cancer immunotherapy themes, with a cautiously optimistic tone (stance 0.47).

922 papers · stance +0.47 · 32% breakthrough · 17% concern
breakthrough · advancement · concern
top institutions
  • University of California, Los Angeles180
  • University of California, San Francisco175
  • University of California San Diego137
  • University of Southern California86
  • University of California, Irvine69
leading researchers
Yan-Ruide Li · Huang, Alexander · Wang, Guanning · Yuning Chen · Antoni Ribas · Wenxue Ma
prism intelligence · tone & topics
93% positive · 2% critical tone
PharmaceuticalsBiotechnologyClinical TrialsMedical ResearchHealthOncology
▲ Breakthroughs257 · 28%
28%→28% share
▲1.0× share momentum0 median citations86% since 2021mostly methods-led
Immunotherapy breakthroughs are surging — papers rose from 11 to 98, now dominating California immunology research.
rising sub-themes (early→recent)
  • Immunotherapy11→98
  • Immune system5→92
  • Chimeric antigen receptor6→42
  • Cancer immunotherapy1→37
  • Tumor microenvironment1→29
Newly emergingT cell 0→22 · Antibody 0→10 · Autoimmunity 0→9
Landmark Interferon Receptor Signaling Pathways Regulating PD-L1 and PD-L2 Expression · 1,859 cites
◆ Advancements414 · 45%
▼ 51%→45% share
▼0.9× share momentum0 median citations86% since 2021mostly empirical
Immune system advancements intensified sharply — papers scaled from 13 to 130, leading all advancement sub-topics.
rising sub-themes (early→recent)
  • Immune system13→130
  • Immunotherapy19→134
  • Cancer5→61
  • Tumor microenvironment3→42
  • Immune checkpoint2→37
Newly emergingT cell 0→19 · Prostate cancer 0→15 · Clinical trial 0→15
Landmark Nivolumab for Recurrent Squamous-Cell Carcinoma of the Head and Neck · 4,969 cites
▼ Concerns142 · 15%
▲ 14%→15% share
▲1.1× share momentum0 median citations85% since 2021mostly reviews
Immunotherapy safety concerns are escalating — related papers jumped from 4 to 56, with Pembrolizumab newly flagged.
rising sub-themes (early→recent)
  • Immunotherapy4→56
  • Immune system5→42
  • Cancer1→20
  • Tumor microenvironment1→19
  • Chimeric antigen receptor1→16
Newly emergingCancer immunotherapy 0→11 · Immune checkpoint 0→10 · Pembrolizumab 0→9
Landmark Mechanisms of Resistance to Immune Checkpoint Blockade: Why Does Checkpoint Inhibitor Immunotherapy Not Work for All Pat · 635 cites

Common questions

How many Immunotherapy companies are there in California, United States?
Radar tracks 327 indexable Immunotherapy companies headquartered in California, United States that meet our profile-completeness bar.
What is the total funding raised by Immunotherapy companies in California, United States?
The Immunotherapy companies in California, United States on this list have raised a combined $23.4B in disclosed equity funding across 238 funded companies.
Which is the highest-funded Immunotherapy company in California, United States?
Halozyme is the highest-funded Immunotherapy company in California, United States, with $1.3B in disclosed equity funding.
How many Immunotherapy companies in California, United States are funded?
238 of the 327 Immunotherapy companies in California, United States on this list have disclosed at least one equity funding round.
How many Immunotherapy unicorns are there in California, United States?
None of the Immunotherapy companies in California, United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in California, United States Immunotherapy companies?
The most active investors in California, United States Immunotherapy companies on this list include HHS, Orbimed, Janus Henderson Investors, RA Capital Management, Foresite Capital.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

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