Xaira Therapeutics, a company harnessing AI for drug discovery and development, revealed its launch backed by over $1 billion in capital.

Investors in biotech are placing significant bets on the potential for computational methods to revolutionize drug discovery.

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The biotech firm is a collaborative effort between ARCH Venture Partners and Foresite Labs, the primary investors in the funding round.

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Xaira utilizes machine learning and data models for AI-driven drug discovery.

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Xaira’s CEO Marc Tessier-Lavigne, a former Stanford president and chief scientific officer at Genentech says

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the company's advancements in artificial intelligence have opened doors to develop drugs never before possible.

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