Overview

Terray Therapeutics specializes in discovering and developing small molecule drugs by combining experimental techniques with computational methods. The company generates a vast dataset of target-ligand binding measurements, allowing for accurate predictions of molecular properties using AI. Its rapid design-make-test-analyze cycle enables efficient exploration of chemical space, particularly in immunology, while partnerships with pharmaceutical companies expand its reach. The goal is to create effective treatments for diseases through innovative drug discovery.

Simplify's Take

What believers are saying

• Terray raised $120 million in Series B funding, boosting financial stability.
• Partnerships with Gilead and Bristol Myers Squibb expand Terray's reach and resources.
• Investment from NVIDIA enhances Terray's generative AI capabilities for drug discovery.

What critics are saying

• Increased competition from AI-driven biotech firms like Insilico Medicine.
• Potential over-reliance on partnerships with large pharmaceutical companies.
• High costs of maintaining computational infrastructure could strain financial resources.

What makes Terray Therapeutics unique

• Terray integrates experimentation and computation for efficient small molecule drug discovery.
• The company generates over 150 million new target-ligand binding measurements monthly.
• Terray's rapid design-make-test-analyze cycle takes less than a month per target.

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Funding

Total Funding

$195M

Above

Industry Average

Funded Over

3 Rounds

$120,000,000

Series B

Oct 2024

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

Ind Avg. $35M

$4M

$30M

$45M

$65M

$100M

$120M

View all funding stages