Formation Bio, a biotech accelerator, has successfully raised $380 million for a new fund to support early stage biotech companies through clinical trials. Additionally, Formation Bio has secured $372 million in a Series D funding round to boost drug development with AI, focusing on in-licensing 10-15 drugs over the next 5 years.
Formation Bio, which uses AI to co-develops drugs with biotech and pharma companies, raised a $372M Series D led by a16z, bringing its total funding to $528M (@kyle_l_wiggers / TechCrunch) https://t.co/79oeYlBVpI 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Ua6VrusQM2
We are excited to lead the latest round in @formationbio, an AI-native pharma company going after the major bottleneck in drug development through a best-in-class team, novel platform, and stellar partnerships. The company has already built capabilities and expertise within the…
Formation Bio raises $372M to boost drug development with AI: https://t.co/waMJ0yj55H by TechCrunch #infosec #cybersecurity #technology #news
Venture capital firm https://t.co/jLgjF2uxyx has fueled up, raising $380 million for biotech founders and promising to stretch the runway of seed money for better long-term results. https://t.co/F69X9VMgM5
Formation Bio raises $372M to boost drug development with AI https://t.co/gN2fK4N8jj
Exclusive: Biotech accelerator https://t.co/zsfJTwVYom has raised $380 million for a new fund that will largely be invested in other biotechs that go through the accelerator and go on to raise a Series A round. https://t.co/DkfR1VLpDD
NEW: Formation Bio has landed a $372m Series D, planning to in-license 10-15 drugs over the next 5 years They bring a unique focus of turning AI onto drug development rather than discovery My story on synthesizing meeting minutes instead of molecules: https://t.co/joUpgzVTSo
🚨 INNOVATORS TAKE NOTE! A fresh $380M to support early stage biotech. https://t.co/RZRYPehfaF Raises $380M Pro Rata Series A Fund To Support Portfolio Companies Through Clinical Trials https://t.co/Ytw6vsV3AR https://t.co/O9BlFCbviA