Peptris, a Bengaluru-based drug discovery firm, has raised Rs 70 crore in a Collection A funding spherical co-led by IAN Alpha Fund and Speciale Make investments. The spherical additionally noticed participation from Tenacity Ventures, BYT Ventures, and different buyers.
Peptris will use this capital to advance its present programmes towards scientific readiness and to develop its pipeline over the following 24 months. The corporate plans to provoke a number of new chemical entity (NCE) programmes alongside a number of drug repurposing and rescue packages. It additionally goals to develop groups throughout biology, chemistry, knowledge science, and AI, whereas constructing enterprise growth capabilities within the US and Europe to deepen partnerships with international pharmaceutical and biotech firms.
Peptris founders (from left): Narayanan Venkatasubramanian, Anand Budni, Shridhar Narayanan and Amit Mahajan
Based in 2019, Peptris has constructed an AI-led discovery engine which addresses the difficulty of longer time taken for drug discovery and claims that its platform not solely generates novel molecules but in addition helps predict crucial drug growth parameters early. It additional stated this permits sooner and better-informed decision-making and has already resulted within the discovery of Novel Chemical Entities (NCEs) in addition to drug repurposing and rescue alternatives.
Peptris follows a B2B engagement mannequin, working intently with pharma, biotech, and choose FMCG companions to license property and co-develop programmes.
Narayanan Venkatasubramanian, Co-Founder and CEO, Peptris, stated, “Our mission has been to harness AI to deal with significant healthcare challenges that improve high quality of life, not merely prolong lifespan. The true reward lies in seeing this work translate into hope for sufferers, aid for caregivers, and a extra accessible future for these with restricted or unaffordable remedy choices.”
Peptris was based by Narayanan Venkatasubramanian, Shridhar Narayanan, Anand Budni and Amit Mahajan, who’ve in depth expertise within the areas of AI drug discovery and computational science.
Peptris focuses on therapeutic areas together with uncommon ailments, irritation, oncology, and ladies’s well being.
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