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EvolutionaryScale raises USD 142 million in seed funding to further develop its models
Foundation Models
Jun 25, 2024
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Foundation Models

Jun 25, 2024

EvolutionaryScale raises USD 142 million in seed funding to further develop its models

Funding

  • EvolutionaryScale, a biotech-focused AI research lab, has raised USD 142 million in a seed funding round led by Nat Friedman, Daniel Gross, and Lux Capital, with participation from Amazon and NVentures.

  • The company plans to use the funds to further expand the capabilities of its protein-generating AI models for scientific research. 

  • EvolutionaryScale develops AI models for applications in the field of biotechnology. The company's core offering, ESM3, is a GenAI model trained on a dataset of 2.78 billion proteins, which can reason over the sequence, structure, and function of proteins, enabling it to generate novel proteins for use in drug discovery and materials science.

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