Co-Founder of Coursera Raised $142M for Her Startup Focused on Using AI to Aid Drug Development
IBL News | New York
Coursera’s Co-Founder and former professor at Stanford, Daphne Koller, raised another $143 million for her AI-based startup, bringing the total amount of venture capital obtained to $243 million. The announcement of the funding was made this week after Forbes broke the exclusive.
Andreessen Horowitz led the funding round, which included investors T. Rowe Price Associate, BlackRock, Casdin Capital, and CPP Investments. Current investors including ARCH Venture Partners, GV and Third Rock Ventures also participated.
Investors agreed on the idea that Daphne Koller is the type of entrepreneur who can to bridge the world of biology and machine learner in the new pharma company called Insitro.
San Francisco-based Insitro recently landed on Forbes’ inaugural AI 50 list last fall as one of the most promising artificial intelligence companies. The San Francisco-based company uses machine learning to figure out what the difference is between healthy cells and sick cells, in order to find the interventions that revert the disease state back to the healthy state.
Insitro hasn’t discovered any new medications yet, but last year it inked a deal with Gilead to work on a drug for liver disease.