13. XtalPi $318.8M
Round: Series C
Description: Cambridge-based XtalPi is a biotech firm that uses artificial intelligence and computing to accelerate the development of new pharmaceutical drugs. Founded by Jian Ma, Lipeng Lai, and Shuhao Wen in 2014, XtalPi has now raised a total of $386.4M in total equity funding and is backed by investors that include Tencent Holdings, ZhenFund, Alphabet, Sequoia Capital China, and SoftBank Vision Fund.
Investors in the round: China Life Healthcare Fund, Morningside Venture Capital, PICC Capital Investment Management, Sequoia Capital China, SIG China (SIG Asia Investments), SoftBank Vision Fund, Tencent Holdings
Funding month: September
Industry: Artificial Intelligence, Biotechnology, Pharmaceutical
Founders: Jian Ma, Lipeng Lai, Shuhao Wen
Founding year: 2014
Location: Cambridge
Total reported equity funding: $386.4M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech, Paris Tech, Boston Tech), TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the business community and beyond. Find out more here.
