28 h. ago Alphabet’s AI drug discovery platform Isomorphic Labs raises $600M from Thrive

Isomorphic Labs, the AI drug-discovery platform that was spun out of Google’s DeepMind in 2021, has raised external capital for the first time. The $600 million round was led by Thrive Capital, with participation from GV and existing investor Alphabet, Google’s parent, it said.     The funding will accelerate further development of Isomorphic’s AI drug […]

Politics

38 h. ago Isomorphic Labs, Google’s A.I. Drug Business, Raises Money From Thrive

The company, which uses artificial intelligence to develop new treatments, now counts the venture capital firm Thrive Capital as a backer.

Economics

2 w. ago Google plans to release new ‘open’ AI models for drug discovery

During a health-focused event in New York on Tuesday, Google announced that it’s developing a collection of “open” AI models for drug discovery called TxGemma. The AI models, which Google said will be released through its Health AI Developer Foundations program later this month, can understand both “regular text” and the structures of different “therapeutic […] © 2024 TechCrunch. All rights reserved. For personal use only.

Technology

3 w. ago The sibling founders of Stax Payments are back with a new fintech and a $20M seed raise

Worth, a company focused on helping fintechs, banks, and enterprises underwrite small and medium-sized businesses more easily, has raised $20 million in a seed funding round, the startup tells TechCrunch exclusively. It’s a large seed round, especially these days when capital is harder to come by. But the founders’ history may have something to do […] © 2024 TechCrunch. All rights reserved. For personal use only.

Economics

3 w. ago The sibling founders of Stax Payments are back with a $20M seed raise for their new fintech, Worth

Worth, a company focused on helping fintechs, banks, and enterprises underwrite small and medium-sized businesses more easily, has raised $20 million in a seed funding round, the startup tells TechCrunch exclusively. It’s a large seed round, especially these days when capital is harder to come by. But the founders’ history may have something to do […] © 2024 TechCrunch. All rights reserved. For personal use only.

Economics

3 w. ago Flex, a Brex for business owners, has raised $25M at a $250M valuation

Flex, which offers personal finance software and payments infrastructure for business owners, has raised $25 million in equity funding while securing a $200 million credit facility, it told TechCrunch exclusively. The equity funds were raised at a valuation of “just under $250 million.” The company last raised a $20 million Series A announced in September […] © 2024 TechCrunch. All rights reserved. For personal use only.

Economics

3 w. ago Quantexa nabs $175M at $2.6B valuation to double down on data analytics for AI

British startup Quantexa has made a name for itself over the years with its enterprise platform that employs AI and data analytics to fight money laundering and fraud. Today, the company said it has raised a fresh $175 million to double down on that business and move deeper into another hot area: helping organizations understand […] © 2024 TechCrunch. All rights reserved. For personal use only.

Politics