{"id":57844,"date":"2023-08-02T13:04:26","date_gmt":"2023-08-02T11:04:26","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/chemify-announces-43-million-of-funding-to-digitize-chemistry\/"},"modified":"2023-08-02T13:04:26","modified_gmt":"2023-08-02T11:04:26","slug":"chemify-announces-43-million-of-funding-to-digitize-chemistry","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/chemify-announces-43-million-of-funding-to-digitize-chemistry\/","title":{"rendered":"Chemify Announces $43 Million of Funding to Digitize Chemistry"},"content":{"rendered":"
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\nChemify\u2019s Chemputation technology allows the digital design, discovery & manufacture of complex molecules and materials<\/i><\/p>\n

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GLASGOW, Scotland–(BUSINESS WIRE)–Chemify<\/a>, a pioneering company operating its proprietary molecular design, discovery, and chemical manufacturing technology to provide pharmaceutical, biotechnology, and industrial partners with better molecules, today announced funding of $43 million including a Series A led by Triatomic Capital<\/a>, joined by new investors including Hong-Kong based Horizon Ventures<\/a>, US-based Rocketship Ventures<\/a>, Possible Ventures<\/a>, Alix Ventures<\/a>, Scotland-based Eos<\/a>, and the UK Government Innovation Accelerators program. Existing investor BlueYard Capital<\/a> also participated in the round.<\/p>\n

\nFounded in 2019 by CEO Lee Cronin with backing from David Cleevely (co-founder of Abcam), Chemify is based on decades of chemistry research, robotics, AI, and conceptual advancements from Cronin\u2019s Digital Chemistry Laboratory at the University of Glasgow in Scotland. Professor Cronin\u2019s pioneering research spans the digitization of chemistry including the use of artificial intelligence in chemistry to explore \u2018chemical space\u2019 – to access and create the trillions of possible combinations of natural elements. Chemify can help reduce the amount of costly and time-consuming experimentation required to discover promising new molecules, speeding up their development as products to underpin advances in medicine, farming, materials science, and green energy.<\/p>\n

\nLee Cronin said: \u201cIt has long been our dream to digitize chemistry, and I\u2019m delighted that through this funding, Chemify is building a company that can design, make, and discover complex molecules on demand using digital blueprints faster, more efficiently, and safely than is currently possible. Our mission is to deliver better molecules for pharmaceutical and industrial partners in a fraction of the time and cost currently required.\u201d<\/p>\n

\nChemify spun out from the University of Glasgow in March 2022 and has built a world-class team to commercialize the digitization of chemistry. The underlying technology was designed and developed by Cronin and his team<\/a> at the University of Glasgow<\/a>, based at the Mazumdar-Shaw Advanced Research Centre. With over $30 million invested in the foundational research behind Chemify, the team developed a new digital chemical approach to program chemistry.<\/p>\n

\nChemify\u2019s vision is to build the infrastructure to digitize chemistry and enable the execution of chemical code for drug discovery, chemical synthesis, and materials discovery. Chemify is creating a digital chemical future where the access to important molecules, drugs, and new materials, currently unimaginable, are instantly accessible. Chemify\u2019s aim is to radically increase the speed of innovation, solving problems and generating new chemical technologies for the benefit of humanity.<\/p>\n

\nSteve Hochberg from Triatomic Capital says: \u201cWe are excited to be leading the series A in Chemify focussing on delivering digital-chemical solutions to many partners where molecular design and manufacturing is a critical bottleneck.\u201d<\/p>\n

\nBy working closely with select partners with world-class expertise in drug discovery, advanced materials, industrial chemicals, and other specialties, Chemify aims to provide access to its platform and help solve the most complex and impactful chemical design and manufacturing challenges.<\/p>\n

\nTo learn more about Chemify, visit our website at www.chemify.io<\/a> or follow us on LinkedIn<\/a> or Twitter<\/a>.<\/p>\n

Contacts<\/b> <\/p>\n

\nNick Freer
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nick@freerconsultancy.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Chemify\u2019s Chemputation technology allows the digital design, discovery & manufacture of complex molecules and materials GLASGOW, Scotland–(BUSINESS WIRE)–Chemify, a pioneering company operating its proprietary molecular design, discovery, and chemical manufacturing technology to provide pharmaceutical, biotechnology, and industrial partners with better molecules, today announced funding of $43 million including a Series A led by Triatomic Capital, … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-57844","6":"format-standard","7":"category-industry"},"yoast_head":"\nChemify Announces $43 Million of Funding to Digitize Chemistry - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/chemify-announces-43-million-of-funding-to-digitize-chemistry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chemify Announces $43 Million of Funding to Digitize Chemistry - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Chemify\u2019s Chemputation technology allows the digital design, discovery & manufacture of complex molecules and materials GLASGOW, Scotland–(BUSINESS WIRE)–Chemify, a pioneering company operating its proprietary molecular design, discovery, and chemical manufacturing technology to provide pharmaceutical, biotechnology, and industrial partners with better molecules, today announced funding of $43 million including a Series A led by Triatomic Capital, ... 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