London AI startup InstaDeep bought by BionTech in half-a-billion deal

Published by
City AM

By Azania Patel London based AI startup InstaDeep has been bought out by biotechnology giant BioNTech in a half-a-billion pound deal. InstaDeep focuses on machine learning and artificial intelligence, and has raised nearly £100m across four seed rounds. The deal will allow BioNTech to use InstaDeep’s machine learning to “improve its drug discovery process, including developing personalised treatments tailored to a patient’s cancer,” according to reports by the FT. The German vaccine maker will be paying £362m upfront as a mix of cash and an undisclosed amount of BioNTech shares, with the remai…

Read More

See also  Jaguar Land Rover turns to laid-off tech workers for EV skills

Leave a Reply