Isomorphic Labs Raises $2.1B Led by Thrive Capital
Isomorphic Labs — the Google DeepMind spinoff applying AI to drug discovery, founded on the AlphaFold platform — has closed a $2.1 billion second funding round led by Thrive Capital, announced 2026-05-12. This follows a $600 million first round in March 2025. The company is scaling AI-driven small-molecule drug discovery, working in parallel with DeepMind's affiliated Isomorphic research on biochemistry adjacent to virtual-cell modelling.
Why It Matters
The $2.7B total raised in 14 months makes Isomorphic one of the best-capitalised AI life-sciences ventures globally, validating deep-tech AI bets in domains with clear objective functions — precisely the AlphaFold success criteria Demis Hassabis articulated this week.