Isomorphic Labs Reportedly in Funding Talks at $40 Billion-Plus Valuation
Alphabet’s Isomorphic Labs is in early funding talks at a valuation of at least $40 billion, potentially reaching $50 billion, Bloomberg reports.
Unconfirmed: Bloomberg reported today, citing people familiar with the matter, that Isomorphic Labs is in early talks to raise new funds at a valuation of at least $40 billion. One of those people said the round could value the company at as much as $50 billion.
What is known
- Isomorphic Labs is an Alphabet company that uses artificial intelligence to discover drugs. It spun out of Google DeepMind.
- The talks are early. Per Bloomberg's sources: "The financing hasn’t closed and details could change."
- Five months ago, the company raised $2.1 billion in its Series B funding effort, according to the same reporting.
- Bloomberg Government's version of the story carries Rebecca Torrence's byline. Bloomberg Tech ran it under the headline "Alphabet’s Isomorphic Labs in Funding Talks for at Least $40 Billion Value" and published a video on the subject.
What is not
The reporting does not say who the prospective investors are. It does not say how much money Isomorphic wants to raise, or when the round might close. It also does not state the Series B valuation, so this reporting does not establish how big a step $40 billion would be.
Denial or response
No denial. Per Bloomberg, "Isomorphic Labs did not respond to a request for comment." Silence is not confirmation, and it is not a no.
The read
This is a range from anonymous sources, on a deal that has not closed, with terms that can still move. Treat $40 billion as a number someone is discussing, not a number someone has paid. There is also nothing here to install, no repo and no price per token. Until Isomorphic or its investors say something on the record, it stays in the Fool's Gold drawer.
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Sources
Meanwhile at the anchor desk
Forty billion dollars, possibly fifty, five months after a $2.1 billion Series B? Darling, that is not a funding round, that is a standing ovation with a wire transfer.
A valuation range with no named investors, no round size and no prior valuation to compare against. I have seen footnotes with more to say.
