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Isomorphic Labs in Talks for About $5 Billion in Funding

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EXCLUSIVE AI Isomorphic Labs in Talks for About $5 Billion in Funding Alphabet Inc.’s Isomorphic Labs is in talks to raise roughly $5 billion in new funds to support its efforts to use artificial intelligence for drug discovery, according to people familiar with the matter. The round would value Isomorphic, which spun out of Alphabet’s Google DeepMind, at about $50 billion, said the people, who spoke on condition of anonymity as the information is not public. The financing hasn’t closed and...

EXCLUSIVE AI Isomorphic Labs in Talks for About $5 Billion in Funding Alphabet Inc.’s Isomorphic Labs is in talks to raise roughly $5 billion in new funds to support its efforts to use artificial intelligence for drug discovery, according to people familiar with the matter. The round would value Isomorphic, which spun out of Alphabet’s Google DeepMind, at about $50 billion, said the people, who spoke on condition of anonymity as the information is not public. The financing hasn’t closed and details could change, the people said.
Isomorphic Labs (ORG) Talks (LOCATION) Funding Alphabet Inc.’s (ORG) Isomorphic (ORG) Alphabet (ORG)
Originally published by Bloomberg Technology Read original →