Chai Discovery closed $30M funding round

Chai Discovery, an artificial intelligence biology startup, raised nearly $30 million in a seed funding round. The round was led by Thrive Capital and included participation from OpenAI and Dimension Capital. This funding values Chai Discovery at $150 million.

Chai Discovery develops AI foundation models designed to predict the structure of biochemical molecules and reprogram their interactions, a critical process in the development of new medications. The company aims to transform biology from a science into an engineering discipline. Chai Discovery has released its first open-source model for molecular structure, Chai-1.