AI-focused Insilico secures $100 million in series E round
Insilico Medicine, a biotechnology firm specializing in artificial intelligence-powered drug discovery, has raised over $100 million in a series E funding round.
The investment was co-led by Shanghai-based Pudong Venture Capital and Hong Kong’s Value Partners Group, with contributions from state-backed entities and existing investors.
The company plans to allocate the funding toward enhancing its AI platforms, upgrading automated laboratory infrastructure, and advancing its portfolio of drug candidates, including ISM001-055, a treatment for idiopathic pulmonary fibrosis (IPF).
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