Genesis $200 million richer as first AI-enabled drug candidates enter clinic
California-based Genesis Therapeutics, a company seeking to use artificial intelligence (AI) to create medicines, has closed an oversubscribed $200 million round of Series B financing.
The financing was co-led by an unnamed US life-sciences-focused investor, along with returning investor Andreessen Horowitz (a16z) Bio + Health, which led the company’s seed financing.
"AI presents a potent opportunity to revolutionize the drug discovery process"Genesis says that it will use the capital to evolve into a clinical stage company, further invest in its AI platform, and expand its discovery pipeline.
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