Exscientia is chaired by Alex Snow, a respected figure in the City from stints running the stockbroker Evolution Securities and Lansdowne Partners, a hedge fund.
Industry sources say the drug was developed in less than one-quarter of the time that would have been taken using conventional techniques, underlining the huge appetite in AI drug development applications. As part of the financing round, Robert Ghenchev, senior partner and head of Novo Growth - the growth equity arm of Novo Holdings - is joining Exscientia's board.
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