Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round
https://techcrunch.com/2022/08/10/aramcos-prosperity7-ai-drug-insilicos/
Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a “biotech winter.”
The firm has raised $35 million on the heels of its last tranche in June, bringing its total Series D investment to $95 million. The new round was “oversubscribed”, the firm’s founder and CEO Alex Zhavoronkov told TechCrunch, declining to disclose the company’s valuation.
