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SovereignBio

Where the money moves in AI-biotech — the IPOs, partnerships, funding rounds and acquisitions building the field, placed on a timeline with the geopolitics (US · China · Japan · Korea · EU) that shape them. Every dollar figure names its source (today: the company's own investor-relations page or announcement; regulatory filings are not linked yet). Nothing is installed; nothing about you is collected.

This is the tool. Figures are drawn only from free public sources (no PitchBook / Crunchbase paid feeds), so the picture is deliberately partial — see the coverage gauge below. Editorial is CC BY 4.0; each figure carries its own citation. A native version, when it ships, adds offline use; it never gates the web.

Honest coverage: 5 events, a count, not a share

Built from free public sources, SovereignBio holds 5 capital events. Nobody publishes a count of all AI-biotech deals to divide by, so we show the number we have, not a percentage. We show what we can source and name what we can’t, so you can calibrate your conclusions. As of 2026-06-10.

What’s covered

  • US-listed IPOs (SEC S-1 / 424 filings)
  • Major announced partnerships with disclosed economics
  • Funding rounds disclosed via press release
  • Public M&A announcements

Known gaps

  • Undisclosed private rounds (most pre-Series-B)
  • Confidential pharma BD deals without press release
  • Most China-domestic rounds with CN-only filings
  • Private valuations between funding events
  • Stealth-mode companies pre-launch

Money by kind, by year

Money raised from investors, money a partner paid upfront, and money only promised “up to” are different things, so each has its own chart and its own scale. They are never added together.

Raised from investors $706M across 3 events. IPOs and funding rounds: money investors paid for shares.
$232M 2020 $436M 2021 $37M 2024
Data table
YearRaised from investors (USD)Events
2020$232M1
2021$436M1
2024$37M1
Paid upfront by a partner $83M across 2 events. Partnerships: money paid when the deal was signed.
none 2020 none 2021 $83M 2024
Data table
YearPaid upfront by a partner (USD)Events
2020none tracked0
2021none tracked0
2024$83M2
Promised “up to”, if milestones are met $2.9B across 2 events. Partnerships: a cap on later payments that may never be paid.
none 2020 none 2021 $2.9B 2024
Data table
YearPromised “up to”, if milestones are met (USD)Events
2020none tracked0
2021none tracked0
2024$2.9B2

When a headline says a deal is worth $1.7B, look for the word “upfront”. For Isomorphic Labs and Eli Lilly it was $45M. The rest arrives only if milestones are met.

Region
Sector
Type

5 of 5 events

  1. Series E $37M

    Insilico Medicine

    Insilico Medicine raises additional $37M in Series E extension to advance AI-discovered drug pipeline.

    valuation undisclosed

    Other Drug discovery 2024-03-08

    Sources (1)
  2. Partnership $45M

    Isomorphic Labs

    Isomorphic Labs / Eli Lilly drug-discovery partnership: $45M upfront, up to $1.7B in milestones.

    with Eli Lilly · $45M upfront · up to $1.7B milestones

    United Kingdom Drug discovery 2024-01-07

    Sources (1)
  3. Partnership $38M

    Isomorphic Labs

    Isomorphic Labs / Novartis drug-discovery partnership: $37.5M upfront, up to $1.2B in milestones.

    with Novartis · $38M upfront · up to $1.2B milestones

    United Kingdom Drug discovery 2024-01-07

    Sources (1)
  4. IPO $436M

    Recursion Pharmaceuticals

    Recursion Pharmaceuticals IPO on NASDAQ (RXRX), pricing 24.24M shares at $18 (about $436M raised).

    NASDAQ · $18/share · 24.24M shares

    United States Drug discovery 2021-04-16

    Sources (1)
  5. IPO $232M

    Schrödinger

    Schrödinger IPO on NASDAQ (SDGR): 13.66M shares at $17 including the over-allotment (11.88M base), ~$232M raised.

    NASDAQ · $17/share · 13.66M shares

    United States Drug discovery 2020-02-06

    Sources (1)