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Xtalpi, a Quantum Physics-AI Drug Discovery Company, Files for Hong Kong IPO

publication date: Dec 8, 2023

Xtalpi, a China-US AI drug discovery company, has filed for a Hong Kong IPO. The company’s quantum physics-based, AI-powered, and robotics-driven platform offers a complete suite of services for companies seeking small molecule or biologics discovery. Xtalpi claims to be the largest AI discovery company based on funds raised: since its 2015 start, it has raised $780 million in venture capital, including a $400 million Series D round in 2021 that valued the company at $2 billion. Boston is the company’s headquarters for BD, though its discovery operations are in Shenzhen, Shanghai and Beijing. More details....

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