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Deep Genomics
Biotech & Life Sciences · Toronto, Canada · Founded 2014
Deep Genomics is using artificial intelligence to build a new universe of life-saving genetic therapies MoreLess
Deep Genomics is a pioneering startup operating in the biotechnology sector, specifically in the field of drug development. The company uses artificial intelligence (AI) to unravel the complexities of RNA biology and identify potential therapeutic candidates for a range of genetic conditions. Its primary offering is the AI Workbench, a proprietary tool that uses data-driven prediction to identify novel targets for drug development.
Deep Genomics serves a broad range of clients, including pharmaceutical companies, research institutions, and healthcare providers. The company operates in the rapidly growing market of AI-driven drug discovery, which is expected to revolutionize the pharmaceutical industry.
The business model of Deep Genomics is based on the development and licensing of its AI Workbench. The company generates revenue by identifying leads for novel drug targets and developing potential therapies. These are then either pursued internally or licensed to partners for further development and commercialization.
In 2018, the company's AI Workbench identified its first targets where RNA splicing was the defect. The updated version, AI Workbench 2.0, released in 2020, expanded the number of mechanisms for increased expression. The company is currently developing AI Workbench 3.0, which will further increase the number of mechanisms and genetic variants it can target, including more complex genetic diseases.
In summary, Deep Genomics is a cutting-edge biotech startup that uses AI to accelerate drug discovery and development. Its innovative approach has the potential to transform the pharmaceutical industry and improve treatment options for patients with genetic conditions.
Keywords: Biotechnology, Drug Development, Artificial Intelligence, RNA Biology, Genetic Conditions, AI Workbench, Data-Driven Prediction, Novel Targets, Therapeutic Candidates, Licensing.
Company overview
Deep Genomics company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2014
- Headquarters
- Toronto, Canada
- Employees
- 110
- Open positions
- 4
- Dealroom signal
- 90.3
Valuation & funding
Deep Genomics funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Jul 2021 | $180M | $720M | Khosla Ventures · Alexandria Venture Investments · Amplitude Ventures · Magnetic Ventures | ↗ |
| SERIES BOther financing | Jan 2020 | $40M | $160M | True Ventures · Khosla Ventures · Future Ventures · Magnetic Ventures | ↗ |
| SERIES AOther financing | Sep 2017 | $13M | $52M | Khosla Ventures | — |
| SEEDOther financing | Nov 2015 | $3.8M | $15M | Bloomberg Beta · True Ventures · 11.2 Capital | — |
| SEEDOther financing | Jan 2015 | $0 | — | UTEST, University of Toronto | — |
| SPINOUTOther financing | Jan 2014 | University of Toronto | — |
Growth signals
Deep Genomics website traffic
Latest recorded traffic for Deep Genomics is 8.2K monthly website visits, down 25.5% over the last three months. Deep Genomics's team grew 10% over the past year.
Hiring
Open positions at Deep Genomics
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Comparisons
Deep Genomics compared with similar companies
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Talent graph
Deep Genomics's talent
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Investors
14 investors on Deep Genomics's cap table
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Global footprint
Where Deep Genomics has talent and traffic
team presence
In the news
Latest news about Deep Genomics
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Market sentiment
What the market is saying about Deep Genomics
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