Demis Hassabis's Isomorphic Labs announces Series B investment round with $2.1B in new funding

# Isomorphic Labs announces Series B investment round - Isomorphic Labs Source: [https://www.isomorphiclabs.com/articles/isomorphic-labs-announces-series-b-investment-round](https://www.isomorphiclabs.com/articles/isomorphic-labs-announces-series-b-investment-round) Isomorphic Labs announces it has raised $2\.1 Billion in Series B funding\. The financing round is led by Thrive Capital, marking their second consecutive lead investment in the company\. The round also includes participation from existing backers Alphabet and GV alongside new investors MGX, Temasek, CapitalG, and the UK Sovereign AI Fund, significantly expanding Isomorphic Labs’ global capital base\. Isomorphic Labs was founded with the ambition to leverage the power of AI to reimagine and accelerate drug discovery to bring much\-needed treatments to millions of patients globally\. The company aims to apply its pioneering AI drug design engine \(IsoDDE\) to deliver biomedical breakthroughs and is advancing drug design programs across multiple therapeutic areas and drug modalities\. Read more in the news release below\. ‍ ## Isomorphic Labs announces $2\.1 Billion funding to power its world\-leading AI drug design engine, scale its business globally and progress its drug candidate pipeline\. [https://storage.googleapis.com/isomorphiclabs-website-public-artifacts/ISOMORPHIC_LABS_FUNDING_12-05-26.pdf](https://storage.googleapis.com/isomorphiclabs-website-public-artifacts/ISOMORPHIC_LABS_FUNDING_12-05-26.pdf)