DP Technology, a Beijing, China-based artificial intelligence company focused on scientific applications, raised $100 million in a new funding round.
The funding came from Zhongyuan Capital, MSA Capital, Loyal Valley Capital, and Evergreen Scitech Delta, with participation from new strategic industrial players.
The new capital will be used to expand DP Technology's AI for Science-based platforms for drug discovery, materials science, energy, and other scientific fields.
"We are thrilled to have the support of this esteemed group of financial and strategic investors who recognize the immense opportunity for AI to transform scientific research," said Weijie Sun, CEO of DP Technology. "This infusion of capital will enable us to scale our technology and talent to stay at the forefront of AI for science."
DP Technology's proprietary AI solutions are already being used by leading pharmaceutical, battery design, material design, and academic organizations to make scientific advancements faster than ever before.
The company's AI platforms leverage state-of-the-art deep learning, computational modeling, and machine reasoning techniques. In the past year, DP has released large pre-trained models for molecular property prediction and quantum chemistry computation, as well as generative AI models for pocket-based drug design.
Company: DP Technology, Ltd.
Raised: $100.0M
Round: Unknown
Funding Month: August 2023
Lead Investors: Zhongyuan Capital, MSA Capital, Loyal Valley Capital, Evergreen Scitech Delta
Additional Investors:
Company Website: https://www.dp.tech/
Software Category: Micro-Scale Industrial Design and Simulation Platform
About the Company: Founded in 2018, DP Technology, Ltd. is an AI research and development company aspiring to solve the biggest problems in science. DP Technology is providing end-to-end solutions for atomic scale in silico simulation. It is dedicated to using AI and molecular simulation algorithms, combined with advanced computing methods, to solve important scientific problems and to create a new generation of micro-scale industrial design and simulation platforms for the most fundamental biomedical, energy, materials, and information science research of human civilization.
Source: https://www.linkedin.com/feed/update/urn:li:activity:7098199893281841152/