UK Sovereign AI fund and Stripe CEO back Potential Sciences in multi-million-dollar raise
Potential Sciences, a London-based AI infrastructure startup for scientific drug discovery, has secured funding in the tens of millions from the UK Sovereign AI fund and multiple venture investors, including backing from Stripe CEO Patrick Collison. The company uses AI, machine learning and quantum chemistry simulations to model molecular behavior. It claims its physics-first AI approach could reduce the cost of AI calculations for chemical design by 100 times compared to current methods.
Key points
- Raised tens of millions with UK Sovereign AI fund backing
- Focuses on AI for drug discovery and molecular modeling
- Claims 100x cost reduction for AI chemical design calculations
- Founded by former Graphcore executive Hatem Helal
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