Tandem

Tandem

AI-driven platform for pre-clinical drug discovery

About Tandem

Simplify's Rating
Why Tandem is rated
A
Rated B on Competitive Edge
Rated A+ on Growth Potential
Rated A on Rating Differentiation

Industries

AI & Machine Learning

Biotechnology

Company Size

11-50

Company Stage

Series A

Total Funding

$60M

Headquarters

New York City, New York

Founded

2021

Overview

Company Does Not Provide H1B Sponsorship

TandemAI focuses on improving the drug discovery process for researchers, pharmaceutical companies, and academic institutions. Their main product, TandemViz, is a web-based platform that uses advanced computational tools and AI to simulate and visualize how drugs interact with proteins at the molecular level. This allows clients to gain insights into drug efficacy and safety through dynamic physics-based molecular simulations. Unlike many competitors, TandemAI operates on a "Discovery as a Service" model, providing their tools and expertise via subscription and service contracts, which makes these advanced resources more accessible to researchers globally. The company's goal is to enhance the success rate of pre-clinical drug candidates and ultimately provide new treatment options for patients by fostering collaboration among scientists from various disciplines.

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Simplify's Take

What believers are saying

  • AI-driven personalized medicine is rising, enhancing TandemAI's tailored drug discovery processes.
  • Collaborations with academic institutions offer TandemAI access to cutting-edge research.
  • AI-driven automation in wet labs can increase TandemAI's operational efficiency.

What critics are saying

  • Competitors may develop superior platforms, outpacing TandemAI's current offerings.
  • Venture capital reliance may pressure TandemAI for quick returns, affecting long-term goals.
  • Geopolitical tensions could impact TandemAI's operations in US and China markets.

What makes Tandem unique

  • TandemAI integrates AI with high-performance computation for drug discovery.
  • The company offers a turnkey solution combining computational tools and wet lab operations.
  • TandemViz provides web-based access to dynamic molecular simulations for drug-protein interactions.

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Funding

Total Funding

$60M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$35M
Tandem

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

4%

2 year growth

4%
Tandem AI
Mar 28th, 2023
TandemAI Announces the Release of TandemViz™ 1.0 Web-based Graphical User Interface for Seamless Integration of Computational Analyses and Experimental Data

TandemAI today announced the release of TandemViz ™1.0, the company’s proprietary web-based platform that provides its growing roster of drug discovery clients with a user-friendly and collaborative graphical interface to TandemAI’s suite of computational tools.

Business Wire
Jan 17th, 2023
Tandemai Announces Appointment Of Alessandro Monge, Ph.D., As Chief Business Officer

SAN DIEGO & NEW YORK & SUZHOU & SHANGHAI--(BUSINESS WIRE)--TandemAI, a technology company focused on transforming drug discovery infrastructure, today announced the appointment of Alessandro Monge, PhD, as Chief Business Officer. Dr. Monge has more than 20 years of experience in developing and deploying marketing strategies for computational technologies at established companies such as Schrödinger, as well as emerging companies, most recently at Iktos, where he was Senior Vice President and Head of US Operations.“Alessandro brings unique insights into how AI and computational tools can impact drug discovery and a wealth of experience in dealmaking with pharmaceutical and biotechnology companies,” said Jeff He, MBA, co-founder, and CEO of TandemAI. “In the CBO role, he will build on our success to date and drive TandemAI’s commercialization strategy.” He noted that TandemAI, founded in October, 2021, now has 200 employees in both the US and China, and currently serves more than 30 clients globally.“TandemAI’s integration of the most advanced computational technologies with medicinal chemistry and biology has great potential to bring unique value in drug discovery,” said Dr. Monge. “The company’s vision to dramatically lower the barrier to the world’s most advanced computational tools is inspiring and creates enormous opportunities for biotechnology and pharmaceutical partners to enhance and accelerate drug discovery through a streamlined, big data-driven process of ideation and testing.”Dr

Tandem AI
Aug 25th, 2022
Chengwei Capital invests into Tandemai in $25M

He noted that since TandemAI was established in late 2021 with $25M venture funding from OrbiMed and Chengwei Capital, the company has built a client roster of two dozen biotech companies.

BioSpace
Dec 22nd, 2021
TandemAI Announces $25 Million Seed & Pre-series A Financing Led by OrbiMed and Chengwei Capital

TandemAI today announced it has raised $25 million in Seed and pre-Series A financing to advance its proprietary computational platform and expansion of its wet lab operations.

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