# Deep Genomics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deep-genomics

- Industry: Biotechnology
- Headquarters: Toronto, Canada
- Website: www.deepgenomics.com
- Total disclosed funding: $237M
- Latest round: Series C (Jul 28, 2021)
- Investors on record: 10

## About

Based in Toronto, Canada, and founded in 2014, Deep Genomics Inc. operates as a biotechnology company that offers an AI-based platform to create and produce clinically evaluating therapies for rare diseases. The company has 50 members and was co-founded by Brendan Frey (CEO) and Hui Yuan Xiong. In July 2021, Deep Genomics Inc. raised USD 180 million in Series C funding led by new investor SB Investment Advisers, with participation from other new investors Alexandria Venture Investments, CPP Investment Board, Fidelity Investments, and other returning investors. 

The company provides an AI-based machine learning platform that focuses on transformational RNA therapeutics for genetic diseases. Deep Genomics also provides a platform called AI Workbench, which helps detect and solve problems related to the human genome, genetic variants, and vast amounts of data on RNA biology. AI Workbench focuses on the discovery of novel therapeutic targets for diseases such as Gout, Wilson Disease, Niemann-Pick disease type C (NPC), and Frontotemporal dementia (FTD).

Deep Genomics Inc. plans to expand the AI Workbench, scale its pipeline to 30 programs, double its staff to around 160 heads by the end of 2022, and advance four programs into the clinic by 2023.

## Funding rounds

- Series C, Jul 28, 2021, $180M — Alexandria Venture Investments, Khosla Ventures, True Ventures, Fidelity Investments, CPP Investment Board, SB Investment Advisers, Magnetic, Amplitude
- Series B, Jan 7, 2020, $40M — Khosla Ventures, True Ventures, Future Ventures, Magnetic, Amplitude
- Series A, Sep 25, 2017, $13M — Khosla Ventures, True Ventures
- Seed, Nov 18, 2015, $3.8M — True Ventures, Bloomberg Beta

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B, Series C
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- Future Ventures — Series B
- Magnetic (https://capitalatlas.ai/funds/magnetic) — Series B, Series C
- Amplitude (https://capitalatlas.ai/funds/amplitude) — Series B, Series C
- Alexandria Venture Investments (https://capitalatlas.ai/funds/alexandria-venture-investments) — Series C
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C
- CPP Investment Board — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C