Isomorphic Labs is in talks to raise about $5bn at a valuation of about $50bn, Bloomberg reported. The financing has not closed, and the AI drug discovery company's work remains preclinical.
Isomorphic Labs is discussing a funding round that could value the company at about $50bn, according to Bloomberg reporting cited by The Next Web. The terms could still change, and The Next Web has not independently verified the report.
Based in London, the company emerged from Google DeepMind in 2021 to develop work based on the AlphaFold protein structure model. Thrive Capital led its $2.1bn funding round in May, which also included Alphabet.
Isomorphic Labs president Max Jaderberg has said its drug design engine, IsoDDE, can use computers to search for new molecules within days. Speaking in London at Bloomberg Tech on Monday, he said the company's drug development remained preclinical.
In January, chief executive Demis Hassabis set out an expected timetable for Isomorphic Labs' first clinical trials: by the end of 2026. For founders building AI businesses in medicine, that makes the move into clinical testing a more useful milestone than the proposed valuation alone.
Founders should not treat the proposed $5bn as secured capital while the financing remains open.
Clinical effectiveness remains unproven in this account because the company's drug work is still preclinical.
The reported trial timetable gives builders a concrete milestone for judging progress beyond fundraising.
Written automatically by the Made in 10 Newsroom from the source above.
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