French venture capital firm Sofinnova Partners also co-led the round, with participation from Flying Fish, Isomer, Cohere CEO Aidan Gomez, Google chief scientist Jeff Dean and existing investors. Latent Labs, which aims to help biotech and pharmaceutical companies create new molecules using generative AI, plans to use the money to hire more staff and pay for infrastructure, including compute. (The Logic, TechCrunch)
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French venture capital firm Sofinnova Partners also co-led the round, with participation from Flying Fish, Isomer, Cohere CEO Aidan Gomez, Google chief scientist Jeff Dean and existing investors. Latent Labs, which aims to help biotech and pharmaceutical companies create new molecules using generative AI, plans to use the money to hire more staff and pay for infrastructure, including compute. (The Logic, TechCrunch)
Talking point: The funding news also serves as an official launch announcement for Latent Labs, founded by former Google DeepMind scientist Simon Kohl. Kohl co-led the DeepMind team responsible for a breakthrough that made it possible to predict the shape of about 200 million protein structures, paving the way for companies like Latent Labs to create synthetic proteins for drugs and other uses. Radical partner Aaron Rosenberg was head of strategy and operations at DeepMind before joining the Toronto venture capital firm in 2023.
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