Deep Genomics has raised US $13 million in equity funding led by Khosla Ventures with participation of True Ventures.
Alex Morgan, Principal at Khosla Ventures, and Adam D’Augelli, Partner at True Ventures, have joined Deep Genomics board of directors.
“Khosla Ventures is well aligned with our mission to build a new kind of world-class genetic medicine company,” said Brendan Frey, CEO and scientific founder of Deep Genomics. “A company whose founding principle is that the future of medicine will rely on artificial intelligence, because biology is too complex for humans to understand.”
In the next three years, Deep Genomics will use its platform to unlock new classes of anti-sense oligonucleotide therapies that were previously inaccessible, and advance them for clinical evaluation.
“We believe that the technology developed at Deep Genomics puts them in a unique position to identify new therapies,” said Founding Partner Vinod Khosla. “Because of the quality of their science and engineering team and the deep integration of their AI technology into their preclinical drug development pipeline, we are confident that a very large potential exists here.”
Deep Genomics is building a biologically accurate data- and AI-driven platform that supports geneticists, molecular biologists and chemists in the development of therapies. In project Saturn, named after the god of plenty and renewal, the platform will be used to search across a vast space of over 69 billion molecules and to generate a library of 1000 compounds that can be used to precisely manipulate cell biology. This technology will enable Deep Genomics to identify preclinical candidates and to advance them for clinical evaluation in collaboration with stakeholders.
photo credit: Deep Genomics