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Turbine.ai

Turbine.ai

Turbine.ai is a Budapest-based drug discovery company founded in 2015 by Daniel Veres, Kristóf Zsolt Szalay and Szabolcs Nagy.

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Turbine AI is a Hungarian company creating a drug discovery platform for new cancer therapeutics. It was founded in 2015 by Dániel Veres, Kristóf Zsolt Szalay, and Szabolcs Nagy. Turbine AI has received funding from investors such as Atlantic Labs, Delin Ventures, and O2h Ventures. The company is headquartered in Budapest, Hungary.

Product and service

Turbine AI's main platform is Simulated Cell. Its function is to develop new compounds that would be most suitable to enter the lead optimization phase. This is done through continuous permutations of several variables with the potential to impact previously identified oncological targets. When new compounds are identified as a result, its efficacy is validated against recent scientific findings and molecular databases. The compounds then enter the preclinical and clinical trial phases, with wet-lab and in silica testing respectively. Several successfully identified novel cancer therapeutics have passed clinical trials, such as those intended to inhibit RTK, PARP, and BTK/BCL2. Turbine AI is partnering with pharmaceutical companies to mass-produce these drugs.

Timeline

November 22, 2022
Turbine.ai raises a $20,570,000 series A round from Mercia Fund Management and Merck Global Health Innovation Fund.
January 7, 2021
Turbine.ai raises a $7,000,000 series A round.
November 6, 2019
Turbine.ai raises a $3,534,000 seed round from Atlantic Labs, Christian Dahlen, Delin Ventures and Esther Dyson.

Funding Rounds

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Products

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Acquisitions

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SBIR/STTR Awards

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Patents

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Further Resources

Title
Author
Link
Type
Date

AI & machine learning leads the way in medical development: Interview with Turbine.AI - 150sec

https://150sec.com/artificial-intelligence-and-machine-learning-leads-the-way-in-medical-development-an-interview-with-turbine-ai/10081/

Web

December 18, 2018

How Turbine is bringing the winds of change to drug discovery

Paul Brackley

https://www.cambridgeindependent.co.uk/business/how-turbine-is-bringing-the-winds-of-change-to-drug-discovery-9098328/

Web

February 1, 2020

Turbine AI

https://turbine.ai/approach

Web

Turbine.AI -- exploding the status quo in cancer research

CESAwards

https://medium.com/@cesawards/turbine-ai-exploding-the-status-quo-in-cancer-research-537650388a49

Web

December 7, 2017

References

turbine.ai
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Artificial Intelligence (AI)
Artificial Intelligence (AI)
Drug discovery
Drug discovery
Biomedical engineering
Biomedical engineering
Biopharmaceutical
Biopharmaceutical
Pharmaceutical industry
Pharmaceutical industry
Technology
Technology
Biology
Biology
...
Location
Budapest
Budapest
Hungary
Hungary
B2X
B2B
B2B
CEO
Szabolcs Nagy
Szabolcs Nagy
Founder
Daniel Veres MD
Daniel Veres MD
‌
Kristóf Zsolt Szalay
Szabolcs Nagy
Szabolcs Nagy
Investors
Atlantic Labs
Atlantic Labs
Christian Dahlen
Christian Dahlen
Delin Ventures
Delin Ventures
Esther Dyson
Esther Dyson
Mercia Fund Management
Mercia Fund Management
Merck Global Health Innovation Fund
Merck Global Health Innovation Fund
O2h Ventures
O2h Ventures
Founded Date
2015
Total Funding Amount (USD)
31,104,000
Latest Funding Round Date
November 22, 2022
Glassdoor ID
1995326
CTO
‌
Kristóf Zsolt Szalay
Latest Funding Type
Series A round
Series A round

Other attributes

Company Operating Status
Active
Headquarters
Budapest
Budapest
Country
Hungary
Hungary
Latest Funding Round Amount (USD)
20,570,000
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