/tech

ByteDance reportedly completes $369 million fundraising for AI drug spinoff · Digg

ByteDance reportedly completes $369 million fundraising for AI drug spinoff

The Straits Times reports that Anew Labs reached a US$1.5 billion valuation, with the funding aimed at AI-driven drug discovery and development.

ByteDance completed a $369 million fundraising for its AI drug unit Anew Labs after its spin-off, The Straits Times reports, citing sources. The outlet says the raise values Anew Labs at US$1.5 billion and is intended to advance AI-driven drug discovery and development.

Combined views

28.2K

2 posts, first seen 4h ago

13 likes2 comments6 saves9 reposts

ByteDance reportedly completes $369 million fundraising for AI drug spinoff

The Straits Times reports that Anew Labs reached a US$1.5 billion valuation, with the funding aimed at AI-driven drug discovery and development.

ByteDance completed a $369 million fundraising for its AI drug unit Anew Labs after its spin-off, The Straits Times reports, citing sources. The outlet says the raise values Anew Labs at US$1.5 billion and is intended to advance AI-driven drug discovery and development.

Posts from X

2 posts

TS
The Straits Times@straits_times 4 hrs ago
ByteDance completes $369 million fund raising for AI drug unit after its spin-off, sources say https://bit.ly/4ixMrXx
straitstimes.com
ByteDance completes $369m fund raising for AI drug unit
ByteDance’s AI drug unit Anew Labs raises $369 million, reaching a US$1.5 billion valuation to advance AI-driven drug discovery and development. Read more at straitstimes.com.
- likes: 0
- replies: 0
- bookmarks: 0
- reposts: 0
RE
Reuters@Reuters 3 hrs ago
Chinese social media and internet company ByteDance has completed a $290 million fundraising for its AI drugmaking unit after ‌spinning it off from the group, two people with knowledge of the matter said https://reut.rs/4htS9Zp
reuters.com
ByteDance completes $290 million fundraising for AI drug unit after its spin-off, sources say
Chinese social media and internet company ByteDance has completed a $290 million fundraising for its AI drugmaking unit after ‌spinning it off from the group, two people with knowledge of the matter said on Wednesday.
- likes: 13
- replies: 2
- bookmarks: 6
- reposts: 9

Combined views

28.2K

2 posts, first seen 4h ago

13 likes2 comments6 saves9 reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Posts from X

2 posts

TS
The Straits Times@straits_times 4 hrs ago
ByteDance completes $369 million fund raising for AI drug unit after its spin-off, sources say https://bit.ly/4ixMrXx
straitstimes.com
ByteDance completes $369m fund raising for AI drug unit
ByteDance’s AI drug unit Anew Labs raises $369 million, reaching a US$1.5 billion valuation to advance AI-driven drug discovery and development. Read more at straitstimes.com.
- likes: 0
- replies: 0
- bookmarks: 0
- reposts: 0
RE
Reuters@Reuters 3 hrs ago
Chinese social media and internet company ByteDance has completed a $290 million fundraising for its AI drugmaking unit after ‌spinning it off from the group, two people with knowledge of the matter said https://reut.rs/4htS9Zp
reuters.com
ByteDance completes $290 million fundraising for AI drug unit after its spin-off, sources say
Chinese social media and internet company ByteDance has completed a $290 million fundraising for its AI drugmaking unit after ‌spinning it off from the group, two people with knowledge of the matter said on Wednesday.
- likes: 13
- replies: 2
- bookmarks: 6
- reposts: 9

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Source Posts

@straits_timesByteDance completes $369 million fund raising for AI drug unit after its spin-off, sources say https://bit.ly/4ixMrXx

Today's Rank

—

Not ranked yet

Today's Rank

—

Not ranked yet