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XtalPi Raises $400 Million for US-China AI Drug Development

publication date: Aug 12, 2021

XtalPi, a US-China AI-based drug discovery company, completed a $400 million Series D financing at an estimated valuation of $2 billion. XtalPi says its Intelligent Digital Drug Discovery and Development (ID4) platform combines quantum physics, AI and cloud computing algorithms to provide predictions on the properties of small-molecule candidates. The financing was led by OrbiMed Advisors and RRJ Capital. The company emphasizes its expertise in solid state drug R&D with a specialty in crystal structures. One year ago, XtalPi completed a $318 million Series C round. More details....

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