$1 billion backing for San Fran start-up using machine learning

24 April 2024

In San Francisco, a new company focused on using artificial intelligence to power drug discovery has launched with more than $1 billion of committed capital.

Dubbed Xaira Therapeutics, the firm has a mission to “re-engineer the way we discover and develop medicines through the end-to-end application of emerging AI technologies.”

The company will be led by Marc Tessier-Lavigne, former chief scientific officer at Roche (ROG: SIX) subsidiary Genentech.

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