Money Makers Mentor

Atomwise Raises $123 Million in Series B Funding

Atomwise announced on August 11 it is set to receive $123 million in series B funding. A group of returning investors led by B Capital Group and Sanabil Investments has raised the funding for Atomwise. To date, Atomwise has raised $175 million total in capital funds.

The additional resources will make it possible for Atomwise to advance its proprietary AI technology, rooted in convolutional neural networks. Atomwise CEO and founding partner Abraham Heifets details how this new financing will grant his organization increased independence: “With support from our new and existing investment partners, we will be able to leverage this to develop our own pipeline of small molecule drug programs.” Heifets asserts accomplishing this goal will allow Atomwise to “realize [its] mission to create …

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