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DateInvestorsAmountRound
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$120k

Valuation: $2.0m

Seed

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$25.0m

Series A
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N/A

Acquisition
Total FundingAUD38.8m

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Reverie Labs is a cutting-edge startup that leverages advanced computational tools to revolutionize the drug discovery process. The company operates in the pharmaceutical and biotechnology market, focusing on developing innovative cancer therapies. Reverie Labs serves pharmaceutical companies, biotech firms, and research institutions that are seeking efficient and effective solutions for drug development.

The core business model of Reverie Labs revolves around using computational methods to enhance each stage of drug discovery. This includes utilizing machine learning, cheminformatics (the use of computer and informational techniques to solve chemical problems), and other advanced technologies to rapidly identify and optimize potential drug compounds. By doing so, they aim to address complex medicinal chemistry challenges and expedite the journey from initial discovery to clinical trials.

Reverie Labs generates revenue through strategic partnerships and collaborations with major pharmaceutical companies. For instance, they have a multi-target collaboration agreement with Roche and Genentech to develop next-generation kinase inhibitors, which are a type of cancer therapy. Additionally, they have secured significant funding from investors like Ridgeback Capital Investments, First Round Capital, and Y Combinator, which supports their ongoing research and development efforts.

The company's unique approach combines expertise from various scientific disciplines, including computer science, physics, biology, and chemistry. This interdisciplinary team works together to build state-of-the-art tools that can efficiently search chemical space for therapies with the optimal balance of medicinal properties, particularly for challenging cancer types.

In summary, Reverie Labs is at the forefront of computational drug discovery, providing innovative solutions to accelerate the development of new cancer therapies. Their business model is built on strategic partnerships and leveraging advanced technology to solve complex medicinal problems.

Keywords: computational drug discovery, cancer therapies, pharmaceutical, biotechnology, machine learning, cheminformatics, strategic partnerships, interdisciplinary team, advanced technology, drug development.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.