Overview

Hexagon Bio specializes in discovering and developing new medicines using synthetic biology and data science. They analyze genomic data from various species to identify small molecule inhibitors that target proteins involved in diseases like cancer. Their unique platform allows for the rapid production of lead compounds for clinical development, enabling faster progress than traditional methods. The company aims to create treatments for complex diseases and generates revenue by licensing drug candidates to larger pharmaceutical companies.

Simplify's Take

What believers are saying

• Raised $77.3 million in Series B financing to expand their discovery platform.
• Leverages reduced DNA sequencing costs to access vast genomic data.
• Partnerships in AI and machine learning enhance drug discovery efficiency.

What critics are saying

• Faces competition from biotech companies like Insitro and Recursion Pharmaceuticals.
• Requires continuous updates to their platform due to rapid technological advancements.
• Relies on external funding, posing financial risks if future funding is scarce.

What makes Hexagon Bio unique

• Hexagon Bio uses synthetic biology to discover drugs from fungal genomes.
• Their proprietary platform combines data science and synthetic biology for drug discovery.
• Hexagon Bio's team includes experts in computational biology, biochemistry, and software engineering.

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Funding

Total Funding

$178.6M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

SoftBank

Notable Investors:

SoftBank

$67,300,000

Late VC

Oct 2022

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