{"id":90,"date":"2026-05-27T10:43:43","date_gmt":"2026-05-27T10:43:43","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=90"},"modified":"2026-05-27T10:43:43","modified_gmt":"2026-05-27T10:43:43","slug":"trendingnow-33","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=90","title":{"rendered":"Trendingnow"},"content":{"rendered":"
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Hassabis regularly works until 4 AM, and that\u2019s partly the nature of leading AI at Alphabet. The Google DeepMind cofounder also has another company: Isomorphic Labs, the AI drug discovery startup he spun out of Google in 2021.\u00a0<\/p>\n

Read more Trendingnow<\/a><\/p>\n

I profiled Hassabis and Isomorphic earlier this year, and caught up with him recently as the company hit a new milestone: This month, Isomorphic raised a new $2.1 billion Series B, led by Thrive Capital, with the intention of \u201cturbocharging\u201d its next phase. That means scaling compute, generating more data, and building out programs. (Though we covered the raise in Term Sheet, it only seemed right to bring you more of the interview.) So, I asked Hassabis: What can you \u201cturbocharge,\u201d and what will always involve friction in the grueling drug discovery process?<\/p>\n

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\u201cWherever there\u2019s friction, we don\u2019t really accept that, for starters,\u201d he told Fortune<\/em>. \u201cBut near-term, the obvious thing is more compute\u2026 It\u2019s not the same amount of compute an AGI lab needs, but with more compute, the more experiments we can do, the more inferences we can run.\u201d<\/p>\n

As Hassabis thinks about the logistics of the future, he\u2019s also thinking about Isomorphic\u2019s infrastructure and the possibility of automated labs: \u201cI\u2019ve no doubt that, at some point, we will go out and do that, but we want to get the timing right,\u201d he said. \u201cThere\u2019s still more research to be done on the automation piece, and on the specific repeatable steps you\u2019d want to automate.\u201d<\/p>\n

Drug discovery is, historically, a scientific process that involves a spectacular amount of trial and error. And often, even when a drug beats the low odds of making it to clinical trials, it\u2019s rarer still for a new pharmaceutical to make it to full FDA approval. Isomorphic has yet to bring a drug into clinical trials. Hassabis declined to offer a timeline, but the implication is certainly that the goal is sooner rather than later.\u00a0<\/p>\n

\u201cWhat I can say is that we\u2019re in pre-clinical with a bunch of our programs, and it\u2019s going very well,\u201d he said. \u201cThe new funding, the new partnerships [including with J&J and Novartis]\u2026 there\u2019s enough data points if you want to extrapolate how things are going.\u201d\u00a0<\/p>\n

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The thing about Isomorphic is that the measure of success won\u2019t be one drug.<\/p>\n

\u201cIt\u2019s actually about building the platform to solve the overall problem, solving all disease, right,\u201d said Hassabis. \u201cWe don\u2019t measure ourselves by one individual program.\u201d<\/p>\n

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The name Isomorphic is derived from the mathematical principle of two entities that look different but have the same underlying structure.<\/p>\n

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\u201cIt\u2019s biology on one hand, and information science on the other hand,\u201d said Hassabis. \u201cI think biology can be thought of as information. Cells can be thought of as information structures. So, in my opinion, AI is the perfect tool or description language for biology\u2014to understand the isomorphic connection between information structures, and biological structures.\u201d<\/p>\n

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There\u2019s also a sly nod to the movie Tron: Legacy,<\/em> Hassabis adds. Isomorphic employees call themselves \u201cIsos,\u201d and in the Tron<\/em> sequel, the protagonist also refers to Isos as \u201camazing programs that come and solve disease,\u201d Hassabis laughs. For all his ability to wrangle data and AI, and articulate those futures, there\u2019s at least one thing he\u2019s uncertain about.<\/p>\n

\u201cIf you asked me, what\u2019s the number one mystery about reality, I\u2019d say it\u2019s time,\u201d said Hassabis. \u201cWhat is it? It\u2019s kind of crazy that we don\u2019t know, other than a bit of hand-wavy: \u2018well, entropy increases in one direction, and it doesn\u2019t the other way.\u2019 That\u2019s not a satisfying answer to the conscious experience of time. It\u2019s the number one thing I want to understand. I also feel that life\u2019s too short and we don\u2019t have enough of it. That\u2019s maybe why I\u2019ve been in a rush my whole life.\u201d<\/p>\n

See you tomorrow,<\/p>\n

@agarfinks
alexandra.garfinkle@fortune.com<\/p>\n

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Submit a deal for the Term Sheet newsletter here.<\/p>\n

Joey Abrams curated the deals section of today\u2019s newsletter<\/em>.<\/em> Subscribe here.<\/p>\n

VENTURE CAPITAL<\/h3>\n

– <\/span>Stord<\/b>, an Atlanta, Ga.-based commerce enablement platform that combines fulfillment, warehousing, and shipping with integrated software for consumer brands, raised $250 million in Series F funding from <\/span>Strike<\/b> Capital<\/b>, <\/span>Kleiner<\/b> Perkins<\/b>, <\/span>Founders<\/b> Fund<\/b>, <\/span>Franklin<\/b> Templeton<\/b>, <\/span>Baillie<\/b> Gifford<\/b>, and others.<\/span><\/p>\n

– <\/span>OpenRouter<\/b>, a New York City-based unified API that gives developers access to 400-plus AI models from a single interface, raised $113 million in Series B funding. <\/span>CapitalG<\/b> led the round and was joined by <\/span>NVentures<\/b>, <\/span>ServiceNow<\/b> Ventures<\/b>, <\/span>MongoDB<\/b> Ventures<\/b>, <\/span>Snowflake<\/b> Ventures<\/b>, <\/span>Databricks<\/b> Ventures<\/b>, and existing investors.<\/span><\/p>\n

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– <\/span>WeRoad<\/b>, a Milan, Italy-based mall-group adventure travel platform for solo travelers, raised $58 million in Series C funding. <\/span>Airbnb<\/b> led the round and was joined by <\/span>H14<\/b> and others.<\/span><\/p>\n

– <\/span>NavigateAI<\/b>, a San Francisco-based AI platform for the construction and real estate industries, raised $25 million in funding. <\/span>Elad<\/b> Gil<\/b> led the round and was joined by <\/span>Khosla<\/b> Ventures<\/b>, <\/span>Lennar<\/b>, <\/span>Tishman<\/b> Speyer<\/b>, <\/span>Helix<\/b> Electric<\/b>, and angel investors.<\/span><\/p>\n

Read more Trendingnow<\/a><\/p>\n

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– <\/span>P2<\/b> Science<\/b>, a Woodbridge, Conn.-based producer of plant-based specialty chemicals for the personal care, fragrance, and performance materials markets, raised $23 million in funding. <\/span>Sofinnova<\/b> Partners<\/b> led the round and was joined by <\/span>Emerald<\/b> Technology<\/b> Ventures<\/b>, <\/span>GS<\/b> Futures<\/b>, and existing investors.<\/span><\/p>\n

– <\/span>Quanscient<\/b>, a Tampere, Finland-based developer of cloud and quantum computing software for multiphysics simulation, raised \u20ac10 million ($11.6 million) in Series A funding. <\/span>55 North<\/b> and <\/span>B&C Group <\/b>led the round and were joined by existing investors.<\/span><\/p>\n

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– <\/span>Avrea<\/b>, a Helsinki, Finland-based Continuous Integration platform built for the agentic AI era of software development, raised $4.7 million in pre-seed funding. <\/span>Earlybird<\/b> led the round.<\/span><\/p>\n

– <\/span>Canyon<\/b> Code<\/b>, a Sunnyvale, Calif.-based developer of enterprise software that helps companies monitor and govern multi-agent AI applications, raised $5 million in pre-seed funding. <\/span>Cota<\/b> Capital<\/b> led the round and was joined by <\/span>Newbuild<\/b> Venture<\/b> Capital<\/b> and <\/span>Blackhorn<\/b> Ventures<\/b>.<\/span><\/p>\n

PRIVATE EQUITY<\/h3>\n

– <\/span>Accelerated<\/b> Wealth<\/b> Partners<\/b>, backed by<\/span> J.C. Flowers<\/b>, acquired a minority stake in <\/span>Brooklyn<\/b> Fi<\/b>, a Brooklyn, N.Y.-based wealth management firm. Financial terms were not disclosed.<\/span><\/p>\n

– <\/span>Arsenal<\/b> Capital Partners<\/b> acquired a majority stake in <\/span>Velcro<\/b> Companies<\/b>, a Manchester, N.H.-based provider of specialty hook & loop fastening products. Financial terms were not disclosed.<\/span><\/p>\n

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EXITS<\/h3>\n

– <\/span>Oakley<\/b> Capital<\/b> acquired a majority stake in <\/span>XTEL<\/b>, a Leuven, Belgium-based AI-powered revenue management platform for consumer packaged goods companies, from <\/span>Bain<\/b> Capital<\/b> and <\/span>SilverTree<\/b> Equity<\/b>. Financial terms were not disclosed.\u00a0<\/span><\/p>\n

– <\/span>Poppulo<\/b>, backed by <\/span>Vista<\/b> Equity<\/b> Partners<\/b>, acquired <\/span>Sociabble<\/b>, a Paris, France-based employee communications and advocacy platform, from <\/span>Ardian<\/b>. Financial terms were not disclosed.<\/span><\/p>\n

IPOS<\/h3>\n

– <\/span>Quantinuum<\/b>, a Broomfield, Colo.-based quantum computing company and spin-out of Honeywell, plans to raise up to $1.06 billion in an offering of 21.1 million shares priced between $45 and $50 on the Nasdaq.\u00a0<\/span><\/p>\n

– <\/span>Applied Aerospace & Defense<\/b>, a Huntsville, Ala.-based manufacturer for the space and defense industries, plans to raise up to $682.5 million in an offering of 32.5 million shares priced between $18 and $21 on the New York Stock Exchange. The company posted $522 million for the year ended March 31. <\/span>Greenbriar<\/b> Equity<\/b> Group<\/b> backs the company.<\/span><\/p>\n

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– <\/span>Safepoint Holdings<\/b>, a Tampa, Fla.-based homeowners and commercial insurance underwriter, plans to raise up to $283.9 million in an offering of 16.7 million shares priced between $15 and $17 on the New York Stock Exchange. The company posted $572 million in sales for the year ended March 31.<\/span><\/p>\n

– <\/span>WhiteHawk<\/b>, a Philadelphia, Pa.-based gas mineral and royalty business, plans to raise up to $186.3 million in an offering of 6.9 million shares priced between $25 and $27 on the New York Stock Exchange. The company posted $68 million in sales for the year ended Dec. 31. <\/span>Omega<\/b> Capital<\/b> Partners<\/b> backs the company.<\/span><\/p>\n

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PEOPLE<\/h3>\n

\u00a0– <\/span>Arsenal Capital Partners<\/b>, a New York City-based private equity firm, hired <\/span>Bradley<\/b> Brown<\/b> as an Investment Partner. Previously, he was with <\/span>KKR<\/b>.<\/span><\/p>\n

Read more Trendingnow<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Demis Hassabis talks to Fortune about how a $2.1 billion Series B will \u2018turbocharge\u2019 Isomorphic.<\/p>\n","protected":false},"author":1,"featured_media":89,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-90","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-term-sheet"],"yoast_head":"\nTrendingnow - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=90\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trendingnow - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"Demis Hassabis talks to Fortune about how a $2.1 billion Series B will \u2018turbocharge\u2019 Isomorphic.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=90\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-27T10:43:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/05\/189a872317564f34dbdd4bf2f3d0306f.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=90#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=90\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Trendingnow\",\"datePublished\":\"2026-05-27T10:43:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=90\"},\"wordCount\":1319,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=90#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/189a872317564f34dbdd4bf2f3d0306f.webp\",\"articleSection\":[\"Term Sheet\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=90#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=90\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=90\",\"name\":\"Trendingnow - 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