Perceptic Raises $12 Million for AI Drug Development Platform
In brief
- Perceptic emerged from stealth and announced a $12 million seed funding round.
- The company is building an end-to-end AI platform for drug development.
- The company's software is already being used by multiple top-tier pharmaceutical companies.
- Perceptic says its system can compress scientific due diligence from weeks to hours.
- Perceptic is targeting areas like scouting external assets and clinical trial design.
- The company says its data foundation has produced a 50-fold increase in clinical data extractions.
- Perceptic will continue to develop its AI platform to speed up drug discovery.
Terms in this brief
- end-to-end AI platform
- An integrated system that uses AI to handle all stages of a process from start to finish. In this case, Perceptic's platform is designed to streamline drug discovery by automating tasks like identifying potential drugs and designing clinical trials.
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