Colossal Biosciences aims to raise a further $150m for research into the dodo, which became extinct in the 17th century.
The dodo's genome has been sequenced, and found to be most closely related to pigeons. The genome-editing company hope to use a living relative to recreate key traits from the dodo's genome.
The company has already begun projects to revive the woolly mammoth and the thylacine, an extinct marsupial. They hope their work will provide an insight into the extinct animals' existence and could help in the conservation of rare species that are not yet extinct.
Professor Beth Shapiro, an evolutionary biologist at Colossal, told the Guardian that the revived dodo could never be an exact replacement for what has been made extinct. 'What we are trying to do is to isolate the genes that distinguish the dodo,' she said.
Find out more in the Guardian article.