Xaira Therapeutics Launches with Record $1 Billion Funding to Revolutionize AI-Driven Drug Discovery
- Xaira Therapeutics launched with $1 billion in funding from ARCH Venture Partners and other major investors, marking the largest initial commitment in ARCH's nearly 40-year history.
- The company aims to leverage generative AI and foundational models from the University of Washington's Institute of Protein Design to create drugs that were previously impossible to develop.
- Former Stanford president and Genentech CSO Marc Tessier-Lavigne leads the company as CEO, with investors expressing confidence despite his recent resignation from Stanford following research data manipulation allegations at his former lab.
- The funding reflects growing industry investment in generative AI for drug discovery, with the technology showing potential to optimize every stage of pharmaceutical R&D from target discovery to commercialization.