Insilico raises $35m in Series-D round led by Aramco-backed Prosperity7 Ventures

Follow-ups -eshrag News:

Wed, 2022-08-10 19:49

RIYADH: US-based Insilico Medicine has raised an additional $35 million in a Series D funding round led by Aramco-backed Prosperity7 Ventures.

According to FierceBiotech, with this new round the total Series D financing has reached $95 million.

The funds will allow the company to expand its artificial intelligence platform into other areas such as sustainable chemistry, green energy and agriculture.

The financing brought in Prosperity7 Ventures as a new investor.

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