Formation Bio (Series D)

Funding Details
Awarder
RSS - theaiinsider.tech
Date Award
June 26, 2024
Vertical
Pharmaceuticals
Funding URL
View Funding Page
Funding Amount:
$372,000,000
Company Info
Founding Year
2016
Traction
Formation Bio has established partnerships, including a collaboration with OpenAI and Sanofi, to develop customized AI solutions for drug development. The company is focused on enhancing efficiencies in pharma and biotech through AI-driven innovations.
Organizations Involved
a16z, Sanofi, Sequoia, Thrive Capital, Emerson Collective, Lachy Groom, SV Angel Growth, FPV Ventures
Founders
Ben, Linhao
Company Description
Formation Bio is a drug development company that strives to provide treatments to patients faster by reimagining clinical trials.
Market
Healthcare
Location
New York, NY, US
Coinvestors
a16z, Sanofi, Sequoia, Thrive, Emerson Collective, Lachy Groom, SV Angel Growth, FPV Ventures
Links
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