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Finance Watch: Big VC Money Backs Tech-Enabled Drug Discovery

 
• By Mandy Jackson

Private Company Edition: XtalPi raised $318.8m for its AI-based drug discovery platform and machine learning-enabled Flagship start-up Valo Health has brought in nearly $100m. XtalPi had one of three recent venture capital mega-rounds for China-based companies.

Finance Watch

Artificial intelligence and machine learning have moved from buzzwords to long-term business strategies in biopharmaceutical drug development with hundreds of millions of dollars invested in individual venture capital rounds in this space and an increasing number of collaborations with big pharma partners that are looking to speed up their drug discovery efforts.

Two recent VC financings highlight the anticipation that AI and machine learning are important new means for speeding new therapies...

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