DP Technology, a developer of AI tools for various scientific applications, has secured over 800 million yuan (approximately US$114 million) in Series C financing to boost its research and development efforts and recruit talent. The Beijing-based start-up, which specializes in AI-for-Science (AI4S) solutions, announced the funding on Wednesday, revealing that it drew support from a diverse group of investors, including state-backed and venture firms such as Fortune Venture Capital, Beijing Jingguorui Equity Investment Fund, and Lenovo Capital and Incubator Group.
The funding is intended primarily for talent acquisition and enhancing research capabilities, according to the company. Founded in 2018 by two alumni of Peking University, DP Technology focuses on creating AI tools that can accelerate scientific discovery across fundamental research, life sciences, and materials science. This sector utilizes advanced computing and artificial intelligence to streamline processes ranging from molecular simulation to laboratory automation.
DP Technology’s product lineup is notable for its breadth, encompassing multiple stages of the research process. Key offerings include Particle Universe, an AI model system designed for scientific simulation; Bohrium, a cloud-based research platform and asset hub; and Uni-Lab, a comprehensive laboratory operating system. These tools are pivotal for researchers looking to enhance efficiency and effectiveness in their scientific endeavors.
In addition to these core products, the company has developed several specialized platforms. Among them is Hermite, a computer-aided drug design platform, and RiDYMO, which targets previously “undruggable” biological targets. The start-up has also rolled out Piloteye, a platform focused on battery design, while Lebesgue Intelligent Computing acts as a computing traffic controller. Additionally, SciMaster serves as a general-purpose scientific AI agent, designed to integrate seamlessly with the other offerings.
The significant investment comes at a time when AI applications in scientific research are gaining traction worldwide. As organizations increasingly turn to AI for drug design, materials science, and various research methodologies, DP Technology positions itself to capitalize on this growing demand. The firm’s focus on building a robust suite of AI tools tailored to specific scientific needs reflects the broader trend in the industry towards specialization and innovation.
As DP Technology moves forward with its expansion plans, the funding will likely enable the company to enhance its product capabilities and broaden its market presence. By recruiting top talent and enhancing its R&D initiatives, DP Technology aims to not only fortify its position in the AI4S landscape but also contribute significantly to the acceleration of scientific discoveries across diverse disciplines.
The future for DP Technology appears promising as it navigates an evolving landscape where AI technologies are increasingly integral to scientific advancement. The company’s latest funding round not only reinforces its growth trajectory but also underscores the vital role that innovative technologies play in addressing complex research challenges across various fields.
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