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Terray Therapeutics

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Terray Therapeutics – A New Paradigm in Drug Discovery

Pasadena, United StatesFounded 2018Biotech & Life Sciences
Valuation $500M–1B Last recorded · 2024
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Terray Therapeutics and the history behind them.

About Terray Therapeutics

Terray Therapeutics is a startup that operates in the pharmaceutical industry, focusing on the discovery and development of small molecule drugs. The company uses a unique blend of experimentation and computation, leveraging high-quality data at scale to unlock the potential of generative AI for small molecule discovery. This innovative approach allows Terray to address some of the most challenging therapeutic problems.

The company's business model is centered around a workflow that equally emphasizes wet lab science and AI. This approach enables Terray to generate a vast experimental dataset, which includes more than two billion unique target-ligand binding measurements, with 150 million new measurements added every month. This wealth of data allows for accurate molecular property prediction using deep learning regression models.

Terray's rapid design-make-test-analyze cycle, which takes less than a month per target, allows the company to explore chemical space efficiently, experimentally measuring millions of molecules at a time. This process enables the company to quickly identify potent, selective small molecules for many targets simultaneously, providing multiple points of intervention to treat diseases.

The company's primary focus is on immunology, but it also partners with large pharmaceutical and biotech companies to apply its platform to a wide range of challenging targets and therapeutic areas. This partnership model provides an additional revenue stream for the company, alongside its internal drug discovery efforts.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Pasadena, United States
Employees
140
Open positions
4
Dealroom signal
87.3/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Drug Development, Core AI, Spinout, Generative AI, AI Drug Discovery, genAI Applications, Techbio
Technology
Artificial Intelligence, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Oct 2024 $120M $480M Goldcrest Capital · XTX Ventures · NVentures · Two Sigma Ventures ↗
EARLY VCOther financing Nov 2023 — — Bassil Dahiyat · NVentures · John Maraganore ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Terray Therapeutics website traffic

Latest recorded traffic for Terray Therapeutics is 7.1K monthly website visits, down 70.4% over the last three months. Terray Therapeutics's team grew 7.7% over the past year.

Latest monthly visits7.1K 3-month web change-70.4% 1-year team growth+7.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

17 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

Series A12 investors entered at this stage

  • Madrona Venture Group
  • Alexandria Venture Investments
  • Greentrail Capital
  • Goldcrest Capital
  • Sahsen Ventures
  • XTX Ventures
  • NVentures
  • Bassil Dahiyat
  • John Maraganore
  • Bedford Ridge Capital
  • Maverick Capital
  • What If Ventures

Other known investors1 additional known investor

  • City of Hope City of Hope National Medical Center
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇺🇸 United States96.7%
🇨🇦 Canada2.5%
🇫🇷 France0.8%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Terray Therapeutics on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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