As part of the funding, Adam Wieschhaus, PhD, director at Northpond Ventures, and Corey Ritter, senior associate at Arch Venture Partners, will join Slingshot's board of directors. Both companies took part in leading the investment initiative.

Slingshot will also invest in its broader adoptive cell therapy and therapeutics platform with this growth financing, the company said. The company is aiming its technology at adoptive cell therapy tools and therapeutic modalities that can use its synthetic cell engineering platform.