Enveda Biosciences

Enveda Biosciences

Biotechnology firm focused on drug discovery

About

Enveda Biosciences focuses on drug discovery by exploring the largely unknown chemical compounds found in nature. Currently, only a small fraction of these compounds is understood, yet they are the source of many existing medications. Enveda uses advanced technologies like machine learning, metabolomics, and robotics to speed up the process of finding new drugs. Their proprietary platform allows for high-throughput experiments, enabling them to test many small molecules quickly and gather extensive data on their chemical properties and biological effects. This approach helps identify promising candidates for new medicines. Enveda differentiates itself from competitors by tapping into the vast chemical diversity of the natural world, which remains largely unexplored. The company's goal is to expand the knowledge of natural compounds and provide new treatment options for various diseases through partnerships with healthcare and pharmaceutical companies.

Company Stage

Late Stage VC

Employees

201-500

Industries

Biotechnology, Healthcare

Total Funding

$342.2M

Headquarters

Boulder, Colorado

Founded

2019


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Simplify's Take

What believers are saying

  • Enveda secured $130 million in funding, boosting its drug discovery efforts.
  • Collaborations with Microsoft enhance Enveda's AI-driven drug discovery capabilities.
  • Growing demand for novel small molecules benefits Enveda's natural chemical exploration.

What critics are saying

  • Competition from AI-driven drug discovery companies like Insilico Medicine is increasing.
  • Regulatory challenges exist as frameworks for AI-based drug discovery are still developing.
  • Rapid technological advancements may render current AI tools obsolete, requiring R&D investment.

What makes Enveda Biosciences unique

  • Enveda uses AI to explore uncharted chemical space for drug discovery.
  • Their platform enables high-throughput experiments for rapid testing and data collection.
  • Enveda collaborates with tech giants like Microsoft to enhance AI capabilities.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%

Benefits

Traditional or Roth 401k matching of 4% (100% of your contributions up to 4% of your annual compensation)

Medical, dental and vision insurance. 100% coverage of employee premiums and 33% coverage of dependents

Unlimited paid time off

Flexible work hours and paid parental leave

Company-wide weeklong break to recharge in addition to 8 observed holidays

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