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Mysterious Perlmutter-Helmed Start-Up Eikon Raises $517.8m

New Executive Team Members Also Announced

 
• By Mandy Jackson

Eikon launched in 2021 with $148m in series A venture capital and former Merck R&D head Roger Perlmutter as its CEO, but even with half a billion dollars in fresh cash, the firm has not revealed its therapeutic focus.

Neon sign illuminating "VENTURE"
Eikon's series B brings the company's funding to date to $668m • Source: Alamy

Eikon Therapeutics, Inc. came out of stealth mode with an icon at its helm last year and a venture capital mega-round to fund development of a technology platform that uses super-resolution microscopy and advanced engineering to discover novel drugs. Now, the company said on 6 January, it has raised a much bigger mega-round – $517.8m in series B funding – to accelerate the buildout of its platform, rapidly scale its growth and advance multiple undisclosed drug discovery programs.

Even with $668m raised to date, including a $148m series A venture capital round Eikon revealed in May 2021, the company has not disclosed which drug targets or diseases it...

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