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Turbine

AI Drug Discovery
Segments:
AI Drug Discovery & Development, AI SaaS | Drug Discovery
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Product stage:
Seed
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Turbine operates Simulated Cell, a proprietary simulation-based drug discovery platform that generates novel oncology therapies. The platform models human cell behavior to run a vast number of cloud-based experiments. Turbine’s simulations also measure the changes in tumor cells across the entire R&D process. The company can reportedly design and develop drugs for 70% of cancers.

As of March 2024, the company’s internal pipeline included four drug candidates in early discovery stages. However, it has several partnership programs that are from preclinical to commercialization stages. 

Key customers and partnerships

The company’s customers include several pharmaceutical companies that leverage its platform, including 1) Bayer to support its oncology pipeline (October 2016), 2) Cancer Research Horizons to identify target patient populations ( January 2023 ), and 3) AstraZeneca to discover drug resistance in hematological cancers ( January 2024 ). 

In February 2024, the company joined Ginkgo Bioworks’ Technology Network to create an ecosystem of technology partners for cell programming.

Funding and financials

In June 2023 , the company raised EUR 5.5 million (USD 6 million) from MassMutual Ventures (MMV) in its extended Series A funding round, bringing the total Series A funds to EUR 25.5 million (USD 28 million). The funds were used to advance the company’s internal pipeline and develop its AI-powered biology simulation platform.

AI Drug Discovery

AI Drug Discovery

Key stats
Featured companies
161
Total funding (USD)
25.3 Bn
Total addressable market (USD)
39.6 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Partnerships
Jan 5, 2024
Turbine partners with AstraZeneca to discover drug resistance in hematological cancers
AI Drug Discovery
Funding
Jun 20, 2023
Turbine raises additional EUR 5.5 million in Series A funding
AI Drug Discovery
Funding
Nov 22, 2022
Turbine raises EUR 20 million Series A
AI Drug Discovery

Company Brief


HQ location:
Budapest HUN
Founded year:
2015
Employees:
11-50
Total Funding:
USD 36.9 million
Last Funding
USD 6.0 million, Jun 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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