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- Inceptive
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Sep 2023 | Series A | $300M |
| Jan 2022 | Seed | $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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2023 | Series A | Andreessen Horowitz (lead); NVIDIA (lead); Obvious Ventures; S32 | $100M | $300M | Inceptive 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 2022 | Seed | - | $20M | $300M | Inceptive 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInceptive Competitors
Inceptive competitors include listed companies like Zentalis Pharma and Fate Therapeutics, and private ones like Vedanta Biosciences, Readline, City Therapeutics and GC Therapeutics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $287M | - | ||
| Private | - | - | $316M | - | ||
| Private | - | - | $281M | - | ||
| Private | - | - | $280M | - | ||
| Publicly listed | - | ($136M) | $302M | - | ||
| Publicly listed | $7M | ($134M) | $303M | 38.1x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($136M) | - | - | (1.2x) | (0.9x) | |||
| $7M | ($134M) | 33.9x | 38.1x | (1.7x) | (1.8x) | |||
| $34K | ($54M) | 3656.9x | 77904.5x | (2.3x) | (2.7x) | |||
| $48M | $4M | 6.7x | 4.7x | 79.9x | 40.5x | |||
| - | ($17M) | - | 556.5x | (10.2x) | - | |||
| $28M | ($26M) | 9.6x | - | (10.5x) | - | |||
| $2M | ($9M) | 157.0x | 40.4x | (29.0x) | (155.8x) | |||
| $1M | ($6M) | 209.2x | 214.0x | (46.5x) | - | |||
This data is available for Pro users. Sign up to see all Inceptive competitors and their valuation data. Start Free Trial | ||||||||
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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