Full-Time

IT Engineer

Updated on 1/8/2025

Formation Bio

Formation Bio

51-200 employees

Accelerates drug development using AI technology

AI & Machine Learning
Biotechnology
Healthcare

Compensation Overview

$79k - $105kAnnually

+ Equity + Generous Perks

Mid

New York, NY, USA

Hybrid position requiring travel to NYC office at least four times per year.

Category
System Administration
IT & Security
Required Skills
PowerShell
Microsoft Azure
Python
AWS
Google Cloud Platform
Requirements
  • 3+ years of IT experience
  • Experience with scripting languages (e.g., Python, PowerShell)
  • Experience with macOS and Windows endpoints
  • Experience with corporate management systems like Jamf, Intune, Google Workspace, and Okta
  • Proficiency in system administration, networking, and virtualization technologies
  • Experience with cloud platforms (e.g., AWS, Azure, Google Cloud)
Responsibilities
  • Perform routine maintenance and updates on IT infrastructure and systems
  • Collaborate with other IT team members to implement new technologies
  • Support software and hardware integration projects
  • Develop and maintain documentation for IT systems and processes
  • Ensure compliance with IT policies and security standards

Formation Bio focuses on speeding up the process of developing new drugs by using its own AI-driven platform. This platform helps the company identify and acquire clinical-stage assets, which are drugs that are already in testing phases. By using flexible financing options, Formation Bio aims to lower the high costs and long timelines usually involved in drug development, making new treatments more accessible and affordable for patients. The company works with pharmaceutical and biotech firms to help them develop their drugs more quickly and efficiently. Its unique approach combines advanced technology with strategic partnerships to improve drug selection and development, with the goal of successfully bringing new drugs to market.

Company Stage

Series D

Total Funding

$515.8M

Headquarters

New York City, New York

Founded

2013

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • $372M Series D funding boosts platform expansion and asset acquisition capabilities.
  • Collaboration with OpenAI and Sanofi advances AI-driven drug discovery standards.
  • Precision genomics partnership with SomaLogic improves biomarker identification and patient stratification.

What critics are saying

  • Competition from other AI-driven drug developers may impact market share.
  • Regulatory scrutiny on AI processes could lead to delays and compliance costs.
  • Dependence on partnerships poses risks if collaborations dissolve or underperform.

What makes Formation Bio unique

  • Formation Bio uses AI to accelerate drug development, reducing costs and timelines.
  • The company acquires clinical-stage assets, enhancing drug development flexibility and efficiency.
  • Partnerships with major pharma firms provide access to proprietary data and resources.

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Benefits

Company Equity

Remote Work Options

Flexible Work Hours