IInceptive uses AI to design novel messenger RNA (mRNA) sequences that can function as therapeutics or vaccines. Its platform identifies candidate mRNA molecules from a vast design space and then tests them in its wet lab to validate their properties. Instead of developing products all the way through trials itself, it licenses the validated RNA designs to pharmaceutical companies, acting as a horizontal provider for RNA medicines. The goal is to speed up the creation of RNA-based medicines by delivering pre-validated AI-designed RNA sequences to partners, supported by computing power from NVIDIA and a cross-disciplinary team.
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Industries
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$120M
Headquarters
Palo Alto, CA
Founded
2021
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Total Funding
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Artificial intelligence is making waves across the medical field, with new studies showing promise in predicting eye treatment complications, analyzing heart MRIs, and even designing RNA-based drugs.While specialized healthcare AI models demonstrate potential, research also cautions against relying on general-purpose AI chatbots for clinical decision-making, highlighting the need for tailored solutions in critical medical applications.AI Model Shows Promise in Predicting Eye Treatment ComplicationsA new study suggested AI could help predict complications from treatments for age-related macular degeneration (AMD), a leading cause of vision loss affecting millions of Americans. Researchers from Emory University and Cleveland Clinic developed a machine-learning model that analyzes eye scans to identify patients at risk of inflammatory responses to common AMD treatments.The study, published in the journal Heliyon, focused on neovascular AMD (nAMD), a severe form of the disease typically treated with anti-VEGF drugs, according to a press release. While effective, these treatments can cause severe eye inflammation in some patients. The AI model, which analyzed optical coherence tomography (OCT) scans, demonstrated accuracy rates of up to 81% in identifying patients likely to develop this complication.“Our study provides valuable data for clinicians to make better treatment decisions, potentially reducing the dosage or combining these agents with anti-inflammatory drugs to prevent severe complications,” Anant Madabhushi, executive director of Emory AI.Health and principal investigator of the study, said in the release.The research team analyzed images from 67 eyes in a retrospective clinical trial. While the results were promising, more extensive prospective studies will be necessary to validate the model’s effectiveness in clinical settings. The researchers aim to integrate their algorithms into future clinical trials to test real-time identification of at-risk patients, per the release.Study Finds General AI Chatbots Unsuitable for Clinical Decision-MakingHealthcare AI firm Atropos’ study revealed popular chatbots like ChatGPT falter in clinical decision-making, underscoring the need for specialized AI in critical medical applications.According to the company’s paper, published on the open-access platform Arxiv, Atropos tested five large language models — including general-purpose models, a healthcare-specific model, and Atropos’ own ChatRWD beta — on 50 healthcare questions
PALO ALTO, Calif., Feb. 22, 2024 /PRNewswire/ -- S32, a leading venture capital firm founded by Bill Maris after building Google Ventures, today proudly announced the appointment of Dr. Andy Conrad, a leader in the application of technology and advanced data science, as General Partner. Dr. Conrad previously held numerous senior roles at Google, having most recently founded and served as the CEO and Executive Chairman of Verily Life Sciences (previously "Google Life Sciences"). He has held positions at GV ("Google Ventures") and X ("GoogleX"), and, during his tenure, worked with DeepMind, Google Cloud, Google AI and other technical and business teams across the Alphabet ecosystem
Head over to our on-demand library to view sessions from VB Transform 2023. Register Here. Former Google AI researcher Jakob Uszkoreit was one of the eight co-authors of the seminal 2017 paper “Attention is All You Need,” which introduced the Transformers architecture that went on to underpin ChatGPT and most other large language models (LLMs). The fact that he is the only one of the cohort that transitioned into biotech — co-founding Inceptive, which recently raised $100 million from investors like Nvidia and Andreessen Horowitz — is no surprise, Uszkoreit told VentureBeat in a recent interview. “I believe it’s actually a testament to the fact that while our interests overlap a lot, we also are a very diverse group,” he said of the former Google Brain pack (all have since left Google) that includes Aidan Gomez, now CEO of Cohere; Noam Shazeer, now CEO of Character AI; and Llion Jones of Sakana. “It would have been kind of surprising to see everybody go off in the same direction,” he added. “The fact that this didn’t happen is, in my book, the specific reason that the group is still incredibly effective.” The Palo Alto-based Inceptive, which was founded in 2021 by Uszkoreit and Stanford University’s Rhiju Das to create “biological software” using Transformers, has built an AI software platform that designs unique molecules made of mRNA, which Pfizer and BioNTech used to make their Covid-19 vaccines. Essentially, the company designs mRNAs with neural networks, tests the molecules, and licenses them to pharmaceutical companies that put them through clinical trials.
InnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here. gettyDigital health venture funding data from the second quarter of 2023 shows deals “hit a new low,” according to an analysis released by PitchBook today. There was $900 million in digital health funding in Q2, compared to $1.2 billion in Q1. “[W]e don’t expect a material uptick in funding for at least the next several quarters,” writes PitchBook analyst Aaron DeGagne
Inceptive, an AI-powered biotech startup founded by a former Google AI researcher Jakob Uszkoreit, has raised $100 million from Nvidia's NVentures, Andreessen Horowitz and Obvious Ventures.
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$120M
Headquarters
Palo Alto, CA
Founded
2021
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Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs