Terray Therapeutics

Terray Therapeutics

AI-guided small molecule drug discovery

Overview

Terray Therapeutics focuses on discovering and developing small molecule drugs by combining wet-lab experiments with AI-driven methods. It builds a large, high-quality dataset of target-ligand binding measurements—over two billion data points, with about 150 million new measurements added each month—and uses deep learning to predict molecular properties. The company follows a rapid, design-make-test-analyze cycle that takes less than a month per target, allowing it to explore chemical space and experimentally measure millions of molecules at once to find potent, selective compounds. Although immunology is the primary focus, Terray also collaborates with big pharma and biotech partners to apply its platform to a wide range of targets and diseases. Its goal is to accelerate small molecule drug discovery by tightly integrating data, AI, and wet-lab science, delivering new therapies more quickly through internal programs and partnerships.

About Terray Therapeutics

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

Industries

Data & Analytics

AI & Machine Learning

Biotechnology

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$195M

Headquarters

Pasadena, California

Founded

2018

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Simplify's Take

What believers are saying

  • Internal immunology programs could reach clinic-entry milestones by 2026.
  • Partnerships with Bristol Myers Squibb and Gilead validate the platform commercially.
  • TerraBind improves potency prediction, speeding candidate selection and lowering inference costs.

What critics are saying

  • Clinical delays would undermine Terray's platform narrative and fundraising leverage.
  • Partner options can expire unexercised, cutting milestone revenue and external validation.
  • Throughput or data-quality failures would break the discovery loop and stall programs.

What makes Terray Therapeutics unique

  • Terray pairs ultra-dense wet-lab data generation with AI-driven small-molecule design.
  • Its EMMI platform uses proprietary target-ligand measurements to explore dark chemical space.
  • A rapid design-make-test-analyze loop closes discovery cycles in under a month.

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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
Linktree
$65M
Substack
$100M
ClickUp
$120M
Terray Therapeutics

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

2%

2 year growth

2%
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.

GlobalData
Dec 18th, 2024
Gilead and Terray link to develop small-molecule therapies

Gilead Sciences has entered a strategic partnership with Terray Therapeutics for the discovery and development of small-molecule therapies across several targets.

World Pharmaceutical Frontiers
Dec 18th, 2024
Gilead, Terray forge small molecule drug development partnership

Terray will use its tNova platform to develop small molecule compounds for Gilead, which may exclusively license and commercialise them upon exercise of its option

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