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via seekingalpha.comCapital Markets

DeepMind spinout Isomorphic Labs in talks to raise funds at $40B–$50B valuation

FROM THE WIRE · SEEKINGALPHA.COM

* Isomorphic Labs, an AI-powered drug discovery startup spun out of Alphabet Inc.’s Google DeepMind (GOOG [https://seekingalpha.com/symbol/GOOG]) (GOOG [https://seekingalpha.com/symbol/GOOG]), is in early talks to raise new funds at a valuation of at least $40B, according to…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishSignificant funding for AI drug discovery startup with impact on Alphabet and biotech-AI sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Isomorphic Labs, spinout of Alphabet's Google DeepMind, in early talks to raise funds at valuation of at least $40B.
  2. 02Round could value Isomorphic as high as $50B, only five months after raising $2.1B in Series B.
  3. 03US government and tech giants Meta and Alphabet joining nonprofit Biohub to build open datasets for AI training, bringing total investment…
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGLStock350.50 USDMarket closedtoday +0.81%Positive Meta Platforms, Inc.METAStock721.31 USDMarket closedtoday -2.38%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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