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flag Chai Discovery, backed by OpenAI, raised $130M to boost its AI drug discovery platform.

flag Chai Discovery, an AI-driven biotech startup backed by OpenAI, has raised $130 million in a Series B round, valuing the company at $1.3 billion. flag The funding, led by Oak HC/FT and General Catalyst, brings total capital raised to over $225 million. flag The company uses its Chai 2 AI model to design full-length antibodies and other therapeutic molecules from scratch, achieving high success rates in early testing and cutting development time from years to weeks. flag The funds will support expanding its AI platform and advancing drug discovery for challenging targets.

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