Iktos raises € 15.5m Series A round to expand its artificial intelligence-based drug discovery technologies and solutions
Iktos announces the closing of a € 15.5m Series A financing co-led by new investors M Ventures and Debiopharm Innovation Fund with participation from Omnes Capital.
This financing will enable the company to further develop its AI and drug discovery capabilities and expand its existing SaaS software offering, in addition to launching Iktos Robotics; a unique, end-to-end, drug discovery platform which combines artificial intelligence and automation of chemical synthesis to significantly accelerate drug discovery timelines. Within the financing Iktos will additionally extend the application of its solutions to biological products (peptides, antibodies, etc.). This allows Iktos to be one of the first companies to offer fully integrated drug discovery services to the pharmaceutical industry. Follow the link for the full press release.