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Quick Take: AI-Powered Drug Developer Nets $15 Million From Google, Tencent

XtalPi , a startup that applies artificial intelligence to drug development, will use the $15 million it hraised in its latest funding round to improve the chemical-matching algorithm that underpins its drug designs. Photo: Visual China
XtalPi , a startup that applies artificial intelligence to drug development, will use the $15 million it hraised in its latest funding round to improve the chemical-matching algorithm that underpins its drug designs. Photo: Visual China

A 4-year-old startup that applies artificial intelligence (AI) to drug development has raised $15 million in its latest funding round from Google, Tencent Holdings Ltd. and Sequoia Capital China.

XtalPi Inc. — which has offices in Beijing, Shenzhen, and Cambridge, Massachusetts — said it will use the funds to improve the high-tech chemical-matching algorithm that underpins its drug designs.

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