Enveda secures $311M to bring more nature-derived AI drugs into clinical trials
The round valued the AI biotech at $2 billion. It is currently testing drugs that treat skin conditions and preserve weight loss after stopping GLP-1s.
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Enveda, a biotech startup that uses AI to discover drugs from plants and microbes rather than synthesizing them in labs, has raised $311 million in funding at a $2 billion valuation. The company was founded to speed up the drug discovery process using AI and related techniques. While no AI-discovered drugs have yet received FDA approval, Enveda is among companies moving AI-discovered drug candidates into human clinical trials, currently testing several drugs in patients including treatments for severe skin conditions and weight loss maintenance.
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Also reported by SiliconANGLE
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Also reported by SiliconANGLE
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Also reported by SiliconANGLE
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