AI Drug Development Startup Genesis Raises $200 Million for AI Drug Development


Qiangnao Technology completed approximately 2 billion yuan in funding, setting a record in the domestic brain-computer interface industry, with the scale second only to Neuralink. The investors include top institutions such as IDG Capital and HD International, indicating the high confidence of the capital market in the non-invasive brain-computer interface sector.
Chai Discovery completes $130 million in Series B funding, with a valuation of $1.3 billion, led by General Catalyst and Oak HC/FT, with participation from several renowned investment institutions. The company's total funding exceeds $225 million, focusing on drug discovery. The industry is gradually recognizing the potential of artificial intelligence in drug development.
Chai Discovery secures $130M in Series B funding at a $1.3B valuation, led by General Catalyst and Oak HC/FT, with participation from Menlo Ventures and OpenAI, strengthening its leadership in AI-driven drug discovery.....
Harness completed a $240 million Series E funding round, led by Goldman Sachs, with a valuation of $5.5 billion. The funds will be primarily used to develop its AI platform, aiming to optimize software delivery processes through the integration of intelligent agents and context-aware technologies, eliminating bottlenecks in later coding stages.
Majestic Labs, founded by three former Google and Meta engineers, has secured $1 billion in funding, focusing on developing high-capacity AI servers to reduce data center costs. Its patented silicon architecture can increase server memory capacity by 1000 times, with a single system capable of replacing up to ten traditional server racks.