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A machine learning start-up that is aiming to speed up drug discovery and shake up the pharmaceutical industry has raised US$400 milllion from investors including, the Canadian Plan Investment Board, SoftBank and Temasek.
Insitro, which is run by former Stanford artificial intelligence professor Daphne Koller, has partnerships with Gilead Sciences and Bristol-Myers Squibb to discover new biological targets for drug treatments, and the drugs themselves.
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The pandemic has given investors hope that the long and costly timelines for discovering drugs often as long as 10 years can be slashed using new technology. The funding round, which is led by the CPPIB, also includes further investment from existing investors such as Andreessen Horowitz, T Rowe Price and BlackRock
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insitro, an artificial intelligence drug discovery startup, has added a $400 million Series C round to its already impressive fundraising haul. The financing is set to close during the first full week of April, according to the company.
Canadian Pension Plan Investment Board led the raise, which also included a laundry list of participants. These names include: Andreessen Horowitz, funds and accounts advised by T. Rowe Price Associates, Casdin Capital and funds and accounts managed by BlackRock, ARCH Venture Partners, Foresite Capital, GV, Third Rock Ventures, Two Sigma Ventures, HOF Capital, Alexandria Venture Investments, Temasek, Softbank Investment Advisors, one undisclosed leading global investment group, and an undisclosed market-leading payer-provider health system based in the U.S.
DefinedCrowd CEO Daniela Braga on the future of AI, training data, and women in tech
March 14, 2021 at 10:23 am
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DefinedCrowd CEO Daniela Braga. (Dário Branco Photo)
Artificial intelligence is the fourth industrial revolution and women had better play a prominent role in its development, says Daniela Braga, CEO of Seattle startup DefinedCrowd.
“We left the code era to men over the last 30 years and look at where it got us,” Braga told attendees of the recent Women in Data Science global conference. “Ladies … let’s lead the world to a better future together.”
The News Scroll 10 March 2021
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NVIDIA CEO Jensen Huang to Host AI Pioneers YoshuaBengio, Geoffrey Hinton and Yann LeCun, and Others, at GTC21 Outlook March 10, 2021 13:49 IST NVIDIA CEO Jensen Huang to Host AI Pioneers YoshuaBengio, Geoffrey Hinton and Yann LeCun, and Others, at GTC21 outlookindia.com 1970-01-01T05:30:00+0530
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Andrew Ng, left, co-founder and chairman of the board of Coursera, leads the board of the company as it navigates its initial public offering.
Online learning platform Coursera filed an application last week to become a publicly traded company and sell shares on the New York Stock Exchange under the ticker symbol COUR.
The initial public offering was long anticipated by industry analysts but is notable because few education-technology companies have taken the plunge. Most fail to reach the scale of companies such as Chegg and 2U, two publicly traded companies that announced their IPOs eight and seven years ago, respectively.