Inceptive Valuation, Funding & Investors

Inceptive is valued at $300M as of September 2023.

Last Inceptive valuation

$300M

Series A · Sep 2023

Last Inceptive funding round

$100M

Series A · Sep 2023

Cumulative funding Inceptive raised

$120M

across 2 funding rounds

Key investors in Inceptive

  • Andreessen Horowitz
  • NVIDIA
  • Obvious Ventures
  • S32

Inceptive Overview

About Inceptive

Inceptive is a biotechnology firm that engineers RNA molecules through deep learning models refined by high-throughput wet-lab experiments. Headquartered in South San Francisco, the company builds platforms for designing mRNA vaccines, gene therapies, and protein therapeutics. Its Evo 2.0 model generates novel RNA sequences with specified properties, accelerating development of treatments for infectious diseases and rare genetic disorders.


Founded

2021

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$300M (Sep 2023)

Inceptive Valuation

Inceptive is currently valued at $300M, based on its Series A in September 2023.

The $100M round was led by Andreessen Horowitz and NVIDIA, with participation from Obvious Ventures and S32.

Inceptive's valuation has moved from $300M at its seed round in January 2022 to $300M in September 2023, across 2 priced rounds.

Inceptive valuation by funding round

Inceptive valuation by funding round
DateStageValuation
Sep 2023Series A$300M
Jan 2022Seed$300M

Inceptive Funding History

Inceptive has raised a total of $120M across 2 funding rounds.

Inceptive's first fundraising round was a $20M seed round in January 2022. The most recent completed round was a $100M Series A in September 2023.

Inceptive funding rounds

Inceptive funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2023Series AAndreessen Horowitz (lead); NVIDIA (lead); Obvious Ventures; S32$100M$300MInceptive is a Palo Alto-based biotech startup founded in 2021 by former Google AI researcher Jakob Uszkoreit, one of the pioneers of generative AI. The company develops an AI platform for designing novel biological molecules, particularly unique mRNA sequences, for vaccines, therapeutics, and other RNA-based medicines. It creates and tests these 'biological software' molecules in-house before licensing them to pharmaceutical partners for clinical development. Inceptive raised $100 million in a funding round in 2023 led by Andreessen Horowitz and NVIDIA (via NVentures), with participation from Obvious Ventures. This followed a $20 million seed round in 2021 at a $100 million valuation, with the new round tripling the company's post-money valuation to over $300 million. The capital will expand its AI platform and molecular design capabilities, while providing access to NVIDIA's advanced computing resources amid chip shortages. The startup has partnered with a major European pharmaceutical company to develop an mRNA vaccine for infectious diseases, capitalizing on mRNA technology proven in COVID-19 vaccines. Investors see potential in AI-biotech convergence for accelerating drug discovery in a projected $50 billion market opportunity, though clinical validation of Inceptive's AI-generated compounds remains pending.
Jan 2022Seed-$20M$300MInceptive is a Palo Alto-based biotech startup founded in 2021 by former Google AI researcher Jakob Uszkoreit, one of the pioneers of generative AI, focusing on applying artificial intelligence to design novel biological molecules for vaccines, therapeutics, and RNA-based medicines previously out of reach. The company develops software tools and an AI platform for rational drug design, enabling rapid creation and testing of new molecular structures like unique mRNA sequences, which it licenses to pharmaceutical partners. Inceptive raised $100 million in a funding round backed by Nvidia's NVentures, Andreessen Horowitz, and Obvious Ventures, following a $20 million seed round in 2021. This round tripled the company's valuation to over $300 million and provides access to Nvidia's advanced computing platforms to extend its platform capabilities. The funding reflects growing investor confidence in AI-biotech intersections for accelerating drug discovery, amid projections of around 700 mRNA-based drugs by the end of the next decade. Inceptive's technology aims to revolutionize pharmaceutical innovation by generating compounds for lab testing, though safety and efficacy in humans remain unproven. The company collaborates with leading pharmaceutical firms, positioning it to capitalize on AI-driven biotech trends despite challenges faced by peers like BenevolentAI, which has encountered setbacks including layoffs.

Who has invested in Inceptive?

4 investors have backed Inceptive across its funding rounds, including Andreessen Horowitz, NVIDIA, Obvious Ventures and S32.

Lead investors include Andreessen Horowitz and NVIDIA.


Inceptive Investors

Investors in Inceptive by funding rounds participated
InvestorHQRoundsRoleFirst check
NVIDIAUnited StatesSan Jose, CA1LeadSep 2023
Obvious VenturesUnited StatesSan Francisco, CA1ParticipantSep 2023

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Inceptive Competitors

Inceptive competitors include listed companies like Zentalis Pharma and Fate Therapeutics, and private ones like Vedanta Biosciences, Readline, City Therapeutics and GC Therapeutics.

Public and private companies comparable to Inceptive
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Vedanta BiosciencesUnited StatesUnited StatesPrivate--$287M-
ReadlineChinaShenzhenPrivate--$316M-
City TherapeuticsUnited StatesUnited StatesPrivate--$281M-
GC TherapeuticsUnited StatesBoston, MAPrivate--$280M-
Zentalis PharmaUnited StatesUnited StatesPublicly listed-($136M)$302M-
Fate TherapeuticsUnited StatesUnited StatesPublicly listed$7M($134M)$303M38.1x

Inceptive Public Comps

Inceptive is still privately-owned, but its public comps include Zentalis Pharma, Fate Therapeutics, InflaRx, Celon Pharma, Palisade Bio, Shanghai Hile Bio-Tech, AprilBio, Cuorips, Clinuvel Pharmaceuticals and Abclon.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Zentalis Pharma-($136M)--(1.2x)(0.9x)
Fate Therapeutics$7M($134M)33.9x38.1x(1.7x)(1.8x)
InflaRx$34K($54M)3656.9x77904.5x(2.3x)(2.7x)
Celon Pharma$48M$4M6.7x4.7x79.9x40.5x
Palisade Bio-($17M)-556.5x(10.2x)-
Shanghai Hile Bio-Tech$28M($26M)9.6x-(10.5x)-
AprilBio$2M($9M)157.0x40.4x(29.0x)(155.8x)
Cuorips$1M($6M)209.2x214.0x(46.5x)-

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Common questions about Inceptive

When was Inceptive founded?Inceptive was founded in 2021.
Where is Inceptive headquartered?Inceptive is headquartered in San Francisco, CA, United States.
Is Inceptive publicly listed?No, Inceptive is a private, VC-backed company.
What is Inceptive's valuation?Inceptive was last valued at $300M in its Series A in September 2023.
How much funding has Inceptive raised?Inceptive has raised $120M across 2 funding rounds.
What was Inceptive's last funding round?Inceptive's last funding round was a $100M Series A in September 2023, led by Andreessen Horowitz and NVIDIA.
Who are Inceptive's investors?Inceptive's investors include NVIDIA, Obvious Ventures, S32 and Andreessen Horowitz.
Which companies are comparable to Inceptive?Companies comparable to Inceptive include Vedanta Biosciences, Readline, City Therapeutics, GC Therapeutics, Zentalis Pharma and Fate Therapeutics.

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