Isomorphic Labs, an AI drug development startup founded by Google DeepMind CEO Demis Hassabis, has raised $600 million in its first external funding round. The startup aims to revolutionize and accelerate drug discovery using advanced AI models, with a focus on finding a cure for all diseases.
The funding round was led by Thrive Capital, with participation from GV and follow-on investment from Alphabet. Isomorphic Labs' proprietary AI platform, which includes breakthroughs like AlphaFold 3, accurately predicts the structure and interaction of biological molecules.
Agility Robotics, the creator of humanoid robot Digit, is raising $400 million in new funding. The Oregon State University spinout aims to fill vacant positions in material handling across industries with its robots-as-a-service plan.
Temporal Technologies, a software startup, has raised $146 million in a Series C round. The funding will be used to speed up product development for the Temporal Cloud managed service and expand the reach of Temporal's durable execution platform into AI use cases.