New Equilibrium Bio raises $10M from RA Capital for AI-powered quantum chemistry

New Equilibrium previously closed $350,000 in grants from the National Science Foundation and Massachusetts Life Sciences Center, as well as a $250,000 pre-seed from the Petri Life Sciences Incubator in Boston. Petri committed an additional $500,000 to the $10 million seed. About New Equilibrium Biosciences:  Virginia Burger, Ph.D. and Peter Tompa, Ph.D. founded New Equilibrium in 2019 to discover new medicines for patients with life-threatening diseases. NEQ's platform marries AI and biophysics to reveal experimentally-invisible conformations of shapeshifting proteins. This first-in-kind technology enables the rational design of drugs targeting the elusive class of intrinsically disordered proteins, including many of the most desirable targets for cancer, neurodegeneration, and other indications. Supported by a world-class Scientific Advisory Board, New Equilibrium has attracted grant and venture funding to build a cross-disciplinary team of experts in AI, biophysics, and quantum chemistry. To learn more, please visit www.newequilibriumbio.com.
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