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Isomorphic Labs announces $600 million funding to further develop its next-generation AI drug design engine and advance therapeutic programs into the clinic

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Isomorphic Labs will utilise the funding to further power its AI drug design engine through frontier AI research and development and to scale and progress its drug candidate pipeline. 

LONDON, March 31, 2025 /PRNewswire/ — Isomorphic Labs, an AI-first drug design and development company, today announced it has raised $600 Million in its first external funding round. The financing round is led by Thrive Capital, with participation from GV, and follow-on capital from existing investor, Alphabet.

Isomorphic Labs was founded with the ambition to leverage the power of AI to reimagine and accelerate drug discovery to bring much-needed treatments to millions of patients globally. The company aims to apply its pioneering AI drug design engine to deliver biomedical breakthroughs and is advancing drug design programs across multiple therapeutic areas and drug modalities. 

“We’re excited to bring together a top-tier investor group with deep AI and life sciences expertise as we aim to transform this industry through an interdisciplinary approach,” said Isomorphic Labs founder and CEO, Sir Demis Hassabis. “This funding will further turbocharge the development of our next-generation AI drug design engine, help us advance our own programs into clinical development, and is a significant step forward towards our mission of one day solving all disease with the help of AI.” 

Since its founding, the company has developed a number of next-generation AI models that come together to form its unified AI drug design engine that works across multiple therapeutic areas and drug modalities. One example breakthrough model is AlphaFold 3, developed and released in May 2024 by Isomorphic Labs together with Google DeepMind, with the ability to accurately predict the structure and interactions of all of life’s molecules. Leveraging these state-of-the-art AI technologies, Isomorphic Labs has established a drug discovery portfolio consisting of partnered programs with pharmaceutical industry leaders Eli Lilly and Novartis, as well as internal programs primarily focused in oncology and immunology. Novartis and Isomorphic Labs recently expanded the scope of their original collaboration just over a year after initiating the relationship. 

“At Thrive, we aim to invest in category-defining companies with singular conviction, and that has led us to Isomorphic Labs,” said Joshua Kushner, Founder and CEO of Thrive Capital. “We believe Isomorphic has earned a rare position to define a new age of drug discovery and design, and we are deeply inspired by their mission and the extraordinary progress they have made to date.” 

The investment will accelerate Isomorphic Labs’ frontier AI research and development, to rapidly advance the company’s next-generation AI drug design engine. Isomorphic Labs will consequently be expanding its team of world-class talent as part of its next phase of growth. 

“AI and machine learning have long held the promise of transforming drug discovery, yet few companies over the past decade have unlocked their full potential. After witnessing the extraordinary pace of innovation at Isomorphic Labs, we believe their pioneering approach will redefine AI-powered drug discovery,” said Dr. Krishna Yeshwant, Managing Partner at GV. “With Sir Demis Hassabis at the helm, Isomorphic has assembled an exceptional team at the intersection of life sciences and technology. We’re proud to support them as they advance the development of new treatments for patients.” 

ABOUT ISOMORPHIC LABS 

Isomorphic Labs was founded in 2021, with a mission to transform drug discovery with the power of artificial intelligence, ushering in a new era of biomedical breakthroughs. Isomorphic Labs is led by AI pioneer Sir Demis Hassabis, and its founding was built on the Nobel-winning AI breakthrough, AlphaFold. Isomorphic Labs, together with Google DeepMind, developed and released AlphaFold 3 in May 2024, a revolutionary AI model that can predict the structure and interactions of all of life’s molecules with unprecedented accuracy. Isomorphic Labs has built a world-leading AI drug design engine comprising foundational AI models that are capable of working across multiple therapeutic areas and drug modalities. The company is continually innovating on model architecture and developing cutting-edge capabilities to advance drug design. Isomorphic Labs is headquartered in London and has an office in Lausanne, Switzerland. 

Isomorphic Labs is advancing a broad and ambitious drug design portfolio through partnered programs and wholly-owned internal programs. 

For more information, go to www.isomorphiclabs.com and follow us on LinkedIn and X

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Starburst Announces Strategic Investment from Citi

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BOSTON, May 19, 2025 /PRNewswire/ — Starburst, the data platform for apps and AI, today announced a strategic investment from Citi.

Starburst’s platform enables organizations to unify access to distributed data, across cloud, on-premises, and hybrid environments, without the need for data duplication or complex migrations.

Starburst’s vision is to deliver cutting-edge AI and analytics solutions on an open, hybrid data lakehouse foundation.The investment strengthens the company’s momentum in enabling global enterprises to build secure, scalable, and intelligent data applications.By bringing AI “lakeside,” Starburst eliminates the traditional friction between data, governance, and AI. Starburst’s technology is used by 10 of the top 15 banks.

The investment was made through Citi’s Markets Innovation & Investments division. “We’re excited to collaborate with Starburst to help shape the future of enterprise data and AI,” said Lee Smallwood, Global Head of Markets Innovation and Investments, Citi. “Our strategic investment reflects Citi’s commitment to advancing a modern, AI-ready data infrastructure, prioritizing governance, performance, and flexibility to power mission-critical financial services in a global, regulated environment.”

“Our mission is to meet the data challenges faced by complex, global institutions,” said Justin Borgman, CEO and Co-Founder of Starburst. “We’re proud to provide our clients with a secure, high-performance platform that enables access to data wherever it lives. Citi’s investment reinforces our mission to remove barriers between data and insight, especially in industries where speed, trust, and governance are non-negotiable.”

Starburst continues to expand its reach into high-demand, regulated industries where AI is becoming a cornerstone of transformation.

About Starburst 

Starburst is the data platform built for flexibility, delivering fast, secure access to all your data, wherever it lives. Whether on-premises, across clouds, or in hybrid environments, Starburst provides choice and control to your architecture. Built on an open data stack with Trino and Apache Iceberg, it unifies distributed data without complex or costly migrations, unleashing the full power of the data lakehouse for analytics and AI.

With our Lakeside AI architecture, enterprises gain federated access, governed collaboration, and full data lineage, laying the foundation for scalable, compliant AI innovation. Starburst empowers data-intensive and security-conscious organizations to unlock the full potential of their data while ensuring performance, governance, and control.

Enterprises in 60+ countries, including Comcast, Citigroup, and 4 of the top 5 global banks, trust Starburst to maximize data value. Our strategic partnerships with AWS, Dell Technologies, and top cloud providers ensures seamless interoperability across environments.

From insights to action to AI, Starburst fuels innovation at every level. Learn more at starburst.ai.

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View original content:https://www.prnewswire.co.uk/news-releases/starburst-announces-strategic-investment-from-citi-302456965.html

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Ecotrak Launches Self-Service CMMS, Empowering Small Businesses to Take Control of Facilities Management

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IRVINE, Calif., May 19, 2025 /PRNewswire/ — Ecotrak, the leading provider of facility and asset management software for multi-location businesses, has officially launched Ecotrak Build, a self-service CMMS (Computerized Maintenance Management System) designed specifically for small business operators. Built from the ground up for speed, simplicity, and affordability, Ecotrak Build is now available for just $25 per year, per location—and includes a 30-day free trial.

With the launch of its self-service portal, Ecotrak is removing traditional barriers to entry like implementation delays and expensive onboarding. Small business owners can now sign up in minutes, set up locations, find vendors, and start managing their repairs from one easy-to-use platform.

“We built Ecotrak Build for the operators who do it all—the ones wearing five hats and still trying to keep their equipment running,” said Daniel Castleman, VP of Product at Ecotrak. “There hasn’t been a robust CMMS solution made specifically for small business. Build changes that. It’s affordable, it’s powerful, and it’s ready to go when you are.”

Key features of Ecotrak Build include:

Instant access to pre-vetted service providers

Unlimited work orders and invoices

Support for up to 10 locations during the free trial

Mobile app for fast, on-the-go service requests

A clean, intuitive dashboard

From plumbing issues and HVAC breakdowns to equipment maintenance and emergency repairs, Ecotrak Build gives operators the ability to respond fast, assign vendors, track progress, and manage costs—all in real time.

The self-service experience was designed to be plug-and-play:

Create an accountAdd your locationsInvite and assign vendorsSubmit your first service requestStart tracking work

Build is ideal for quick-service restaurants, franchise owners, coffee shops, gyms, salons, convenience stores, and any other small business that depends on equipment working day in and day out. Unlike enterprise CMMS tools built for corporate facilities teams, Build meets operators where they are—with simple workflows, mobile-first access, and no unnecessary complexity.

The platform is now live at www.ecotrak.com/pricing, where new users can sign up and begin their 30-day free trial.

About Ecotrak

Ecotrak is more than a facility management platform—it’s your partner in the trenches. Built for businesses that can’t afford downtime, Ecotrak delivers real solutions, real insights, and real support to help facility teams run smoother, spend smarter, and plan for the long haul.

With an intuitive, easy-to-use platform, Ecotrak simplifies asset management, work orders, and service provider coordination—so facility teams can stop putting out fires and start making bigger-picture decisions. Whether it’s preventing breakdowns, maximizing budgets, or optimizing operations, Ecotrak is right there with you, every step of the way. Together, we run it. For more information, visit ecotrak.com.

Ecotrak Media Contact
Shawna Moore
Director of Marketing
shawna@ecotrak.com
(310) 365-7634

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SOURCE Ecotrak Facility Management Software

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T-Kartor Introduces Field-Proven, Cloud-Native Geospatial Platform

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Packaged solution to simplify integration and maximize performance for geospatial operations

ST. LOUIS, May 19, 2025 /PRNewswire/ — T-Kartor, the leader in harnessing geospatial solutions for real-world impact, announced today the release of the latest version of its proven geospatial platform. This platform streamlines individual components and capabilities into a single, cohesive platform for data management, analysis and decision-making.

Geospatial information can help public and private organizations unlock new opportunities, make secure decisions for communities, and gain strategic insights that can be used for further business growth and operational resilience. T-Kartor’s platform brings together all of this information from disparate sources to help organizations manage, analyze, visualize, and disseminate new insights that help inform improved decision-making.

With the upgraded platform, users gain:

A simplified codebase ensures more consistency and streamlined communication between T-Kartor products such as Iris and Orion, ultimately maximizing the value of customers’ investments.New tools for evaluating an organization’s spatial and non-spatial data holdings help illustrate which resources are used most and which are underused and identify the source of requests and geographies queried most often.Ability to elastically scale up, down, or out as compute resources are needed.New enhanced external APIs for machine-to-machine communication and integration into legacy workflows and systems that make extending the T-Kartor platform into existing architectures easier than ever before.

Anthony Calamito, chief strategy officer, T-Kartor, said: “Many geospatial software platforms exist on the market, but few, if any, are cloud-native and designed specifically for modern DevOps environments. What T-Kartor is bringing to market will fundamentally change how software is provisioned and scaled to support enterprise geospatial operations by providing insight into what an organization uses most often, how much compute power is needed, and where resources may be better allocated.” 

Magnus Persson, vice president of products, T-Kartor, said: “As a cloud-first product company, we are focused on engineering our products to be best suited to modern, DevOps architectures and deployment patterns to meet the demands of our customers today. We continue to evolve our platform to work in containerized environments (both Kubernetes and Docker) to support the needs of our customers.”

To learn more about how the new T-Kartor platform can help you get better geospatial insights for a changing world, visit here or meet the team live at the GEOINT Symposium at Booth 1141 from May 18-21.

About T-Kartor

T-Kartor USA is an agile, innovative business combining cartographic, GIS, and programming skills to deliver high-quality and affordable solutions. T-Kartor USA, located in St Louis, Missouri, is a subsidiary of T-Kartor Group AB, a privately-owned entity founded in Kristianstad Sweden in 1985. T-Kartor has offices in five countries; Sweden, Norway, Finland, the U.K., and the U.S. T-Kartor Group AB is committed to providing services and platforms for geospatial solutions, seamless one-feature-one-time map production, world-class city wayfinding, and integrated public transport information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/t-kartor-introduces-field-proven-cloud-native-geospatial-platform-302458224.html

SOURCE T-Kartor

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