Recursion, a drug discovery startup out of Salt Lake City, Utah has announced a $60 million Series B round, led by Data Collective (DCVC).
Recursion started out in 2014 on a mission to identify 100 new treatments in 10 years. That’s a lofty goal, considering the discovery for just one drug can traditionally take decades and tens of millions of dollars, with a high rate of failure before anything comes of the research.
However, the startup uses machine learning to process and rapidly discover new drug treatments for diseases in a fraction of the time and cost.
“What we’re doing is turning biology into a data science problem,” Gibson tells TechCrunch.
That’s something Silicon Valley investors are getting behind as more venture funds have started to pour money into biotech startups over the past few years.