The Colossal Foundation has been launched by Colossal Biosciences with $50 million in funding to combat the extinction crisis through innovative conservation strategies, including biobanking and genetic rescue. The foundation aims to preserve endangered species like the vaquita, Sumatran rhino, and ivory-billed woodpecker while also pursuing ambitious de-extinction projects such as reviving the woolly mammoth and Tasmanian tiger. Colossal co-founder Ben Lamm emphasized the importance of leveraging technology to deliver conservation solutions effectively and proactively. Biobanking will provide critical genetic resources that could aid in restoring populations of species facing imminent extinction. The foundation is committed to ensuring a future where biodiversity can be preserved and enhanced, making conservation efforts more impactful. This initiative responds to the urgent need for action in light of Australia’s alarming extinction rates and serves as a part of a broader commitment to global biodiversity.