Based in Israel, Eleven Therapeutics develops RNA interference (RNAi) therapeutics for a variety of therapeutic areas including respiratory diseases. It leverages its proprietary drug discovery platform that combines AI and combinatorial chemistry to design small interfering RNAs (siRNAs) and interpret the structure-activity relationship (SAR) of siRNAs, thereby silencing disease-causing genes.
The company is building a database of the activity profiles to map a massive scale of siRNA molecules according to a number of components including safety, efficiency, and duration of effect. It uses big data and a deep learning framework to screen the best combinations of the molecules to identify therapeutics. Founded in 2020, the company also has operations in the UK and US.
Key customers and partnerships
The company partnered with Dong-A ST in January 2024 to develop an RNA-based gene therapy to treat fibrosis diseases. Further in July 2023 , the company had partnered with Novo Nordisk to discover cell-specific carriers of nucleic acid therapeutics.
Funding and financials
In August 2022, Eleven Therapeutics raised USD 22 million in seed investments from a number of investors including USD 9 million from the Bill & Melinda Gates Foundation comprising USD 5 million in future equity investment and USD 4 million as a non-dilutive grant. The proceeds were earmarked for developing its AI-powered platform and establishing its therapeutic pipeline.
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