Isomorphic Labs, the AI drug-discovery platform that was spun out of Google’s DeepMind in 2021, has raised exterior capital for the primary time. The $600 million spherical was led by Thrive Capital, with participation from GV and current investor Alphabet, Google’s mum or dad, it mentioned.
The funding will speed up additional improvement of Isomorphic’s AI drug design engine and assist the corporate’s objective of bringing its found medicine to scientific trials.
Isomorphic Labs was based by DeepMind co-founder Demis Hassabis by leveraging DeepMind’s software program for AI drug discovery, together with AlphaFold, an AI mannequin that predicts the three-dimensional buildings of proteins.
Final 12 months, Isomorphic Labs secured strategic partnerships with Eli Lilly and Novartis, doubtlessly producing as much as $3 billion in milestone funds for entry to its AI mannequin.
Hassabis instructed the New York Occasions that whereas Isomorphic Labs didn’t want the capital, the additional funding will assist the division rent prime analysis scientists.
For his or her work on AlphaFold, Hassabis and DeepMind researcher John Jumper had been among the many three scientists who acquired a Nobel Prize in chemistry in 2024.
