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Terray Therapeutics, Inc.

Generative AI-powered small-molecule drug discovery platform

Overview

Terray Therapeutics combines wet-lab experimentation with AI to discover small molecule drugs. It builds a data-driven platform that collects over two billion target–ligand binding measurements, adding about 150 million per month, to train deep learning models that predict molecular properties. Its rapid design-make-test-analyze cycle takes under a month per target, allowing millions of molecules to be measured and enabling the identification of potent, selective compounds across many targets. With a focus on immunology and partnerships with pharmaceutical and biotech companies, Terray pursues internal programs and collaborations to accelerate discovery of safe, effective small molecules.

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About Terray Therapeutics, Inc.

Simplify's Rating
Why Terray Therapeutics, Inc. is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsAI & Machine LearningBiotechnologyHealthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$195M

Headquarters

Pasadena, CA

Founded

2018

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What believers are saying

  • Terray launched TerraSynth in June 2026, speeding synthesis of AI-designed molecules.
  • June 2026 hired Lisa L. Decker to expand partnerships and monetization.
  • September 2026 Series C reportedly raised $125 million, extending runway for clinical pushes.

What critics are saying

  • No published IND or clinical start by November 2026, despite 2024 guidance.
  • Platform revenue depends on partners like BMS and Gilead; one canceled deal hurts badly.
  • If internal immunology programs stall, Terray becomes a services-heavy platform, not a drug company.

What makes Terray Therapeutics, Inc. unique

  • Terray's EMMI pairs proprietary wet-lab data with AI, unlike software-first competitors.
  • October 2026 NVIDIA collaboration improved reaction-diagram parsing inside EMMI.
  • Terray's 14-billion-measurement dataset and TerraBind speed advantage deepen platform defensibility.

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Funding

Total Funding

$195M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
$65M
$100M
$120M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Stock Options

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
Constructive Bio
Oct 8th, 2026
Constructive Bio appoints Dr Feroze Ujjainwalla as Chief Commercial Officer.

Constructive Bio appoints Dr Feroze Ujjainwalla as Chief Commercial Officer. Former Terray Therapeutics Chief Business Officer and Merck Business Development & Licensing leader joins to advance Constructive's commercial strategy and biopharma partnerships CAMBRIDGE, UK - 8 October 2026 - Constructive Bio today announced the appointment of Feroze (Fez) Ujjainwalla, PhD, as Chief Commercial Officer. Most recently, he served as Chief Business Officer at Terray Therapeutics, where he led the company's global biopharma partnering strategy, including multi-target collaborations with Calico, Bristol Myers Squibb and Gilead Sciences. Dr Ujjainwalla brings more than 30 years of experience spanning drug discovery and business development and licensing across large pharmaceutical and venture-backed biotechnology companies. His career includes senior scientific and business development leadership at Merck, followed by his tenure as Chief Business Officer at Terray Therapeutics, where his responsibilities spanned business development, alliance management and competitive intelligence. At Merck, Dr Ujjainwalla progressed from Senior Research Chemist to Executive Director of Discovery Chemistry, leading and co-leading discovery programs across multiple therapeutic areas and contributing to eight development candidates, three of which completed Phase 2b clinical trials. He subsequently joined Merck's Business Development & Licensing organization, where he led the search, evaluation and execution of external innovation collaborations and platform licenses, including technologies from PeptiDream, HitGen and a leading organoid technology partner. At Terray, Dr Ujjainwalla designed and executed the company's global biopharma partnering strategy, leading collaborations with Calico, Bristol Myers Squibb and Gilead Sciences, as well as a co-discovery and co-development collaboration with Odyssey Therapeutics focused on high-value "undruggable" biology. He also served as executive alliance lead for these partnerships, overseeing governance, milestone execution and partner relationships. At Constructive, Dr Ujjainwalla will lead commercial strategy, partnering and licensing, working alongside Chief Business Officer Paul Wallace to build relationships with pharmaceutical and biotechnology companies and bring Constructive's platform to partners seeking new approaches to protein and peptide therapeutics. Based on the US East Coast, he will establish Constructive's presence close to the heart of the US biopharma industry while supporting partnerships worldwide. "Nature built life from twenty amino acids. We're no longer bound by that limit when designing medicines," said Ola Wlodek, CEO of Constructive Bio. "Constructive has built a remarkable technology platform around the myriad of new-to-nature peptide building blocks, opening access to chemistries beyond those available to conventional biology. Syn61 and BioForge let us produce proteins at large scale with chemistries evolution never reached, and that opens a new frontier for medicine. Fez has seen the industry from every vantage point, as a scientist, a pharma dealmaker and a biotech partnership builder. He's the right person to bring this frontier to the partners who'll help us explore it." "What attracted me to Constructive is the combination of fundamental science and a platform with a clear path to real-world application," said Dr. Ujjainwalla. "Throughout my career, I've been interested in technologies that can expand what is possible in drug discovery and development. Constructive has developed a way to introduce non-canonical chemistry into complex proteins and peptides and to produce these molecules biologically. I'm excited to work with the team and with our partners to explore how that capability can address important challenges in therapeutic development." Dr Ujjainwalla earned his PhD in organic chemistry from Imperial College London and completed postdoctoral research at the University of Texas at Austin. About Constructive Constructive Bio is a biotechnology company specialising in new-to-nature protein design and manufacturing for pharma and other industries. Spun out of Professor Jason Chin's laboratory at the MRC Laboratory of Molecular Biology, Constructive is built on Syn61, the world's first fully recoded organism, and BioForge, its manufacturing platform. Together they enable partners to design and make peptides and proteins containing non-canonical amino acids at scale. Headquartered in Cambridge, UK, Constructive is backed by Ahren, Paladin Capital Group, F-Prime (Fine Structure Ventures), OMX Ventures, and more. Learn more at constructive.bio. More news. Engineering the future of biology with revolutionary genome synthesis and expanded genetic code technology. QUICK LINKS

Business Wire
Jun 15th, 2026
Terray Therapeutics names Lisa L. Decker as chief business officer to drive partnerships

Terray Therapeutics has appointed Lisa L. Decker, Ph.D., as Chief Business Officer. Decker brings over 20 years of biotechnology leadership and business development experience to the role, where she will lead the company's business development strategy. Decker was most recently Chief Business Officer at IGM Biosciences and previously held the same role at Atreca, Inc. She also served on the board of directors of Chimerix until its acquisition by Jazz Pharmaceuticals in 2025. Terray's EMMI platform combines proprietary data with AI to identify and optimise medicines. The Los Angeles-based company is developing small-molecule medicines for an internal immunology pipeline and working with pharmaceutical partners across multiple therapeutic areas. CEO Jacob Berlin said EMMI should enable multiple clinical entries in coming years.

Business Wire
Feb 12th, 2026
Terray's TerraBind AI model achieves 20% higher accuracy than rivals, runs 26x faster

Terray Therapeutics has launched EMMI Predict: TerraBind, a universal potency prediction model that achieves 20% higher accuracy than leading open-source models whilst running 26 times faster, reducing inference costs by 96%. The model supports Terray's drug discovery platform, which combines experimentation with machine intelligence. TerraBind uses coarse-grained structural representations instead of computationally intensive diffusion processes, eliminating the diffusion module entirely whilst maintaining accuracy. In benchmarks, TerraBind outperformed Boltz-2 with 16% higher Pearson correlation on CASP16 and 20% better performance across 18 internal drug discovery targets. The model leverages Terray's dataset of 14 billion unique target-molecule measurements. Terray has raised $295 million and collaborates with Bristol Myers Squibb, Gilead and Odyssey Therapeutics on drug development programmes.

Business Wire
Sep 23rd, 2025
Terray Therapeutics Expands Board of Directors with Appointment of Biotechnology Leader Wendy Young, Ph.D.

Terray Therapeutics expands Board of Directors with appointment of biotechnology leader Wendy Young, Ph.D.

BioSpace
Apr 8th, 2025
Terray Therapeutics Appoints Elliott Levy, MD, to Scientific Advisory Board

Terray Therapeutics appoints Elliott Levy, MD, to Scientific Advisory Board.

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