BenevolentAI - Using AI to Disrupt Traditional Drug Discovery Process
Case Code: BSTR569 Case Length: 10 Pages Period: 2013-2018 Pub Date: 2019 Teaching Note: Available |
Price: Rs.300 Organization: BenevolentAI Industry: Pharmaceutical Countries: United Kingdom Themes: Disruptive Innovation, Incremental Innovation, Strategic Innovation, Breakthrough Innovation, Traditional Drug Discovery Process |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
On April 19, 2018, BenevolentAI (BAI), the largest Artificial Intelligence (AI) company in the private sector in Europe and among the top five privately owned AI companies in the world, raised US$115 million in its latest round of funding from investors. With this massive funding, BAI increased its market valuation to US$2 billion and planned to scale up its drug development and its AI platform, the 'Bioscience Machine Brain' (BMB). In June 2018, BAI was awarded the 'Technology Pioneer Status' by the World Economic Forum. Earlier, in 2017, BAI had received the 'Pharma Company of the year – SME' for the year 2017 at the annual CPhI Pharma Awards....
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