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- BenevolentAI
BenevolentAI Revenue, Valuation, Funding & Investors
BenevolentAI is valued at $1B as of September 2019, a 100.0x multiple on its last reported $10M revenue.
Last BenevolentAI valuation
$1B
Undisclosed stage · Sep 2019
Last BenevolentAI funding round
$90M
Undisclosed stage · Sep 2019
BenevolentAI revenue
$10M
Undisclosed stage · Sep 2019
Key investors in BenevolentAI
Woodford Investment Management
Temasek
Lansdowne Partners
Lundbeck
Upsher Smith Laboratories
About BenevolentAI
BenevolentAI is a London-headquartered clinical-stage company using artificial intelligence for drug discovery, listed on Euronext Amsterdam under BAI. Its platform supports 13 named programs and over 10 exploratory ones, with collaborations including AstraZeneca on respiratory and cardiovascular diseases. Facilities in Cambridge and New York enable wet-lab validation of AI-generated candidates.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Revenue
$10M (Sep 2019)
Valuation
$1B (Sep 2019)
BenevolentAI Valuation
BenevolentAI is currently valued at $1B, based on its undisclosed-stage round in September 2019.
The $90M round was led by Temasek.
BenevolentAI's valuation has moved from $1.9B at its undisclosed-stage round in August 2015 to $1B in September 2019, across 3 priced rounds.
BenevolentAI valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2019 | Undisclosed stage | $1B | 100.0x |
| Apr 2018 | Undisclosed stage | $2.1B | 210.0x |
| Aug 2015 | Undisclosed stage | $1.9B | - |
BenevolentAI Revenue
BenevolentAI's latest recorded revenue is $10M, as of its undisclosed-stage round in September 2019. At a $1B valuation, that implies a 100.0x revenue multiple.
Revenue moved from $10M in April 2018 to $10M in September 2019, while the revenue multiple moved from 210.0x to 100.0x.
BenevolentAI revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2019 | $10M | $1B | 100.0x | Undisclosed stage |
| Apr 2018 | $10M | $2.1B | 210.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
BenevolentAI Funding History
BenevolentAI has raised a total of $292M across 3 funding rounds.
BenevolentAI's first fundraising round was a $87M undisclosed-stage round in August 2015. The most recent completed round was a $90M undisclosed-stage round in September 2019.
BenevolentAI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2019 | Undisclosed stage | Temasek (lead) | $90M | $1B | BenevolentAI is an AI company developing advanced technologies to accelerate drug discovery and development. Founded in 2013 and led by former Facebook executive and government minister Baroness Joanna Shields, the company created the Benevolent Platform, described as the world's only end-to-end computational and experimental platform for drug discovery spanning data ingestion to clinical development. The platform combines computational medicine and advanced AI with principles of open systems and cloud computing to transform how drugs are designed, developed, tested, and brought to market. In September 2019, BenevolentAI announced a $90 million investment from Temasek, a Singapore-headquartered sovereign wealth fund, at a post-money valuation of $1 billion. Temasek took a minority stake in the company. The funding was intended to scale and further develop the Benevolent Platform for drug discovery and development, advance the company's growing pipeline of internal drug development programs, and support collaborations with strategic partners across key therapeutic areas. By the time of this funding round, BenevolentAI had already signed long-term collaborations with pharmaceutical giants AstraZeneca and Novartis, which were expected to generate meaningful revenues over a multi-year period. The valuation represented a significant reduction from the company's previous $2 billion valuation, primarily reflecting the market conditions and investment terms at the time. |
| Apr 2018 | Undisclosed stage | Woodford Investment Management (lead) | $115M | $2.1B | BenevolentAI is an AI pharmaceutical company founded in 2013 that uses machine learning to discover new drug candidates and develop existing pharmaceutical assets for untreated diseases. The company developed a proprietary AI platform to ingest and analyze billions of data points in health and material science, helping scientists identify molecular combinations to solve difficult medical problems. By April 2018, the company employed 165 people across offices in London, New York, and Belgium, with a research facility in Cambridge, UK. BenevolentAI had approximately 20 drugs in development targeting conditions including Motor Neuron Disease, Parkinson's Disease, Glioblastoma, and Sarcopenia. In April 2018, BenevolentAI raised $115 million from new and existing investors including Woodford Investment Management at a post-money valuation of $2.1 billion USD (pre-money $2 billion). The majority of new capital came from U.S.-based investors and family offices rather than traditional venture capital firms. This funding represented one of the largest rounds in the AI pharmaceutical sector at the time and brought total funding raised since 2013 to over $200 million. Proceeds were allocated to scaling drug development activities, broadening disease focus areas, expanding AI platform capabilities, and extending technology into adjacent sectors such as advanced materials, agriculture, and energy storage. In early 2018, BenevolentAI also acquired Proximagen Limited, a Cambridge-based drug discovery company, providing lab facilities and experienced scientists to enhance in-house pre-clinical development and enabling BenevolentAI to operate across the entire drug development pipeline from discovery through late-stage clinical development. |
| Aug 2015 | Undisclosed stage | Upsher Smith Laboratories; Lansdowne Partners; Lundbeck; Woodford Investment Management | $87M | $1.9B | BenevolentAI is a London-based biotech company using artificial intelligence for drug discovery and development, founded in 2013. In 2015, around the time of a funding round involving investors Lansdowne Partners, Lundbeck, Upsher-Smith Laboratories, and Woodford Investment Management (approximately $100 million raised), the company reported £585,000 ($764,000) in revenue, likely related to an early deal with an unidentified U.S. drugmaker for Alzheimer’s targets valued at up to $800 million. The company was led by co-founder Ken Mulvany, previously involved in Proximagen's acquisition by Upsher-Smith for $347 million upfront plus milestones. BenevolentAI focused on advancing AI-driven bioscience innovations, including potential Phase I and II trials, while maintaining secrecy around some partnerships and fundraising details. Later developments included a $115 million raise in 2018, pushing total funding over $200 million and valuation beyond $2 billion, with plans to expand to 300 employees and programs in Parkinson’s, glioblastoma, and amyotrophic lateral sclerosis. By 2022-2023, annual reports showed revenues of £10.6 million (2022) and £7.3 million (2023) from collaborations like AstraZeneca and Merck, alongside ongoing pipeline investments and listings on Euronext Amsterdam. |
Who has invested in BenevolentAI?
5 investors have backed BenevolentAI across its funding rounds, including Woodford Investment Management, Temasek, Lansdowne Partners, Lundbeck and Upsher Smith Laboratories.
Lead investors include Temasek and Woodford Investment Management.
BenevolentAI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Aug 2015 | ||
| 1 | Lead | Sep 2019 | ||
| 1 | Participant | Aug 2015 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBenevolentAI Competitors
BenevolentAI competitors include listed companies like Obsidian Therapeutics and Arbutus Biopharma, and private ones like FibroGen, Umoja Biopharma, Expedition Therapeutics and Rakuten Medical.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($104M) | $1.1B | - | ||
| Private | $108M | - | $1.2B | 11.3x | ||
| Private | - | - | $800M | - | ||
| Private | - | - | $650M | - | ||
| Private | - | - | $1.7B | - | ||
| Publicly listed | $14M | ($37M) | $1B | 6.8x |
BenevolentAI Public Comps
BenevolentAI is still privately-owned, but its public comps include Arbutus Biopharma, Kolon TissueGene, Star Lake Bioscience, SSY Group, Helus Pharma, Alumis, GuangYuYuan Chinese, Vetoquinol, Amphastar Pharma and Adlai Nortye.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $14M | ($37M) | 64.6x | 6.8x | (24.6x) | - | |||
| $4M | ($141M) | 261.1x | 239.4x | (7.0x) | (57.8x) | |||
| $2.4B | $314M | 0.8x | 0.8x | 6.0x | 7.3x | |||
| $530M | $144M | 2.5x | - | 9.2x | - | |||
| - | ($153M) | - | - | (5.4x) | (4.8x) | |||
| $24M | ($263M) | 22.6x | 47.6x | (2.1x) | (1.5x) | |||
| $204M | $23M | 4.5x | - | 40.5x | - | |||
| $605M | $127M | 1.3x | 1.3x | 5.9x | 5.9x | |||
This data is available for Pro users. Sign up to see all BenevolentAI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BenevolentAI
| When was BenevolentAI founded? | BenevolentAI was founded in 2013. |
| Where is BenevolentAI headquartered? | BenevolentAI is headquartered in London, United Kingdom. |
| Is BenevolentAI publicly listed? | No, BenevolentAI is a private, VC-backed company. |
| What is BenevolentAI's valuation? | BenevolentAI was last valued at $1B in its undisclosed-stage round in September 2019. |
| How much funding has BenevolentAI raised? | BenevolentAI has raised $292M across 3 funding rounds. |
| What was BenevolentAI's last funding round? | BenevolentAI's last funding round was a $90M undisclosed-stage round in September 2019, led by Temasek. |
| Who are BenevolentAI's investors? | BenevolentAI's investors include Woodford Investment Management, Temasek, Upsher Smith Laboratories, Lansdowne Partners and Lundbeck. |
| What is BenevolentAI's revenue? | BenevolentAI's latest recorded revenue is $10M (September 2019). |
| What is BenevolentAI's revenue multiple? | BenevolentAI's latest valuation implies a 100.0x revenue multiple ($1B valuation on $10M of revenue). |
| Which companies are comparable to BenevolentAI? | Companies comparable to BenevolentAI include Obsidian Therapeutics, FibroGen, Umoja Biopharma, Expedition Therapeutics, Rakuten Medical and Arbutus Biopharma. |
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