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ByteDance spinoff Anew Labs raises $290M for AI drug discovery at $1.5B valuation

Anew Labs completes $290M fundraising round

1 Sep 16 2:30 AM · 11d ago · 1 article · 1 post · 2 sources · development 1 of 1

Shanghai-based Anew Labs, a ByteDance spinoff focused on AI-powered drug discovery, raised $290 million from investors including HSG and IDG Capital at a $1.5 billion valuation.

“Sources: Shanghai-based Anew Labs, a ByteDance spinoff using AI for drug discovery, raised $290M from HSG, IDG Capital, and others at a $1.5B valuation”

Reuters · techmeme ↗

Anew Labs ByteDance spinoff, AI drug discovery startupByteDance Parent companyHSG Lead investorIDG Capital Co-investor

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1Anew Labs completes $290M fundraising…
Sep 17Sep 18Sep 19Sep 20Sep 21Sep 22Sep 23Sep 24Sep 25yesterdaynow · 10:23 PM ET

What was reported 1 claim about this development

  1. 3 outlets ByteDance's AI Drug Spin-Off Anew Labs Closes $290M Round, Sources Say

    first by WOWTALE, 11d ago · also Reuters, SCMP

    2 more headlines

All 1 developments of ByteDance spinoff Anew Labs raises $290M for AI drug… →

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