/Companies

AMPLY Discovery

Techstars '23

Belfast, GB · Founded 2022 · 7 employees on LinkedIn · 12 known investors

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AMPLY Discovery is a UK-based biotech company that uses AI and computational biology to identify therapeutic targets in non-coding regions of the genome and develop first-in-class drugs through an integrated discovery platform combining machine learning with wet-lab validation. The company is developing therapeutics for oncology and drug-resistant infectious diseases, particularly antimicrobial-peptide and long non-coding RNA oligonucleotide programmes.

Also known as AMPLY · Amply Discovery

Founders & leadership

OR
Oliver RauschCSO
BT
Ben ThomasFounder
CC
Chris CreeveyFounder
DT
Dermot TierneyFounder

Investors · 12

Also in the syndicate · 7

Co-Fund NIHalo Business Angel NetworkHelix Way PartnershipInnosuisseQUBIS Innovation FundQUBIS LimitedVenture Science

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Sep 2026

AMPLY Discovery is a Belfast-based biotechnology company spun out of Queen's University Belfast to commercialise a computational drug discovery platform developed over roughly a decade of academic research, including work in the Creevey Lab and the university's School of Biological Sciences. Its proprietary platform, AMPLYfolioAI, applies machine learning and predictive analytics to large genomic datasets generated by next-generation sequencing in order to predict molecular function, identify new genetic targets and design therapeutic molecules built from amino acids and oligonucleotides. In silico predictions are then bio-printed and validated through in vitro synthetic biology experiments, and in vivo testing, giving the company an integrated computational and wet-lab workflow.

The company operates two flagship preclinical programme areas. The first is gene-silencing/RNA interference therapy for genetically mediated and aggressive cancers, including acute myeloid leukaemia and triple-negative breast cancer. The second is inhaled or nebulised antimicrobial peptide therapy for chronic and drug-resistant lung infections, including multi-drug resistant tuberculosis. The company frames both efforts around the same premise: that one-size-fits-all treatments fail to account for genetic diversity, leaving poor outcomes in aggressive cancers and rising antimicrobial resistance.

Founding story

The platform originated with Dr Ben Thomas, who moved from a background in financial markets and financial modelling into computational biology, initially exploring whether stock-market prediction techniques could be applied to drug discovery. The work began with his PhD (completed at Aberystwyth University) and continued through post-doctoral research at Queen's University Belfast. At Queen's he met Dermot Tierney, then working in the university's technology transfer office after an MBA and a move from industry, and the two agreed to spin the company out. Thomas has cited his father's death from a drug-resistant infection as a personal motivation. Prof Chris Creevey, a computational biologist whose lab produced more than a decade of the underlying research, is also named as a co-founder.

Business model

AMPLY operates as a drug discovery studio rather than a single-asset developer: it runs internal R&D programmes that discover and validate de novo, first-in-class biologic drug candidates and intends to out-license those assets to downstream biopharma partners at an early stage of development. Platform validation across multiple diseases is pursued alongside pipeline building.

The stated commercial path is out-licensing internally discovered and validated drug candidates to biopharmaceutical licensees once programmes are further along the development pathway.

Traction

Preclinical programmes are underway in gene-silencing therapies for acute myeloid leukaemia and triple-negative breast cancer and in inhaled antimicrobial peptides for drug-resistant lung infections, including multi-drug resistant tuberculosis. The company has attracted competitive grant awards from Innovate UK and Innosuisse, places on the Techstars Chicago and NI Launchpad programmes, and equity backing from Twin Path Ventures, Venture Science, Co-Fund NI, the British Business Bank and QUBIS.

Latest developments

In May 2025 AMPLY announced a $1.75m (£1.3m) seed round led by Twin Path Ventures, with Venture Science, Co-Fund NI, the British Business Bank and QUBIS participating, to advance its discovery programmes through the preclinical stage and expand its biologics pipeline. In November 2025 Dr Oliver Rausch, a drug-discovery scientist with a background in biochemistry, cell biology and translational research, joined as Chief Scientific Officer.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

AMPLY positions itself as a platform company rather than a single-asset biotech, pursuing technical validation of its discovery engine alongside programmes in diseases with high unmet need. It is described as an example of life-science company formation in the Northern Ireland ecosystem and has been named in a report on top pharma industry trends and innovations for 2025 and in a list of 100 Irish start-ups to watch in 2025.

The company contrasts its approach with rational drug design, arguing that nature-derived molecules remain largely untapped and that function-based prediction avoids the incremental structural iteration of conventional design. It emphasises a platform, multi-programme model over single-asset development, a proprietary experimental dataset, and the ability to move from in silico prediction to rapid in vitro and in vivo validation.

Technology

AMPLYfolioAI combines machine learning and predictive analytics with next-generation sequencing data and synthetic biology. The platform mines large biological datasets to predict molecular function independently of structure or sequence, identifies candidate genetic targets, and synthesises biologic modalities suited to bio-printing, such as proteins, peptides and RNA. Molecules are then produced and tested in vitro, generating further training data, with validation extending to in vivo testing. Investors have cited the company's proprietary experimental dataset and an AI approach that incorporates human expertise.

Go-to-market

AMPLY develops assets internally through preclinical stages with a mix of grant funding, equity investment and university/accelerator programmes, then seeks partnering and out-licensing with biopharma companies. It has participated in accelerator and trade programmes including Techstars Chicago and a Global Business Innovation Programme in Sweden focused on advanced therapies.

Downstream biopharmaceutical licensees that in-license early-stage, validated drug candidates; the ultimate patient populations are those with aggressive cancers such as triple-negative breast cancer and acute myeloid leukaemia, and patients with chronic and multi-drug resistant lung infections.

Geography

Headquartered in Belfast, Northern Ireland, with part of the team based in London working from a collaborating university lab.

History

Sources describe the company as spun out of Queen's University Belfast in 2021 following about a decade of underlying research. In September 2022 it raised £900,000 in combined equity and grant funding to tackle infectious diseases, from Innovate UK, Co-Fund NI, the QUBIS Innovation Fund, the Helix Way Partnership and members of the Halo Business Angel Network. In December 2023 it was selected for the Techstars Chicago AI programme. In February 2024 it announced £1.4m (reported by the company as €1.6 million from Innovate UK) for its drug discovery studio, including £835,000 from Innovate UK and Innosuisse for an RNAi therapy for acute myeloid leukaemia and more than £600,000 from Innovate UK for a nebulised antimicrobial for multi-drug resistant tuberculosis. It was awarded funding under the NI Launchpad Programme in 2024 and under the Innovate UK Microbial Accelerator Programme. In May 2025 it announced a $1.75m (£1.3m) seed round led by Twin Path Ventures. In November 2025 Dr Oliver Rausch joined as Chief Scientific Officer.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
HeadcountAug 20267
Innovate UK / Innosuisse award for RNAi therapy for acute myeloid leukaemiaFeb 2024835,000 GBP
Innovate UK award for nebulised antimicrobial for multi-drug resistant tuberculoFeb 2024more than £600,000

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 10

launches, deals, and filings
Nov 2025
Oliver Rausch joins AMPLY Discovery as CSO

Dr Oliver Rausch, a drug-discovery scientist with a background in biochemistry, cell biology and translational research, joined as Chief Scientific Officer.

source ↗

May 2025
AMPLY Discovery raises $1.75m seed round led by Twin Path Ventures

Seed round of $1.75m (about £1.3m) led by London-based Twin Path Ventures with participation from Venture Science, Co-Fund NI, the British Business Bank and QUBIS Limited, to advance preclinical discovery programmes.

$1.8M source ↗

Mar 2025
Participated in Global Business Innovation Programme in Sweden – Advanced Therapies

source ↗

Sep 2024
Named in report on Top 10 Pharma Industry Trends & Innovations (2025)

source ↗

Sep 2024
Funded under the Innovate UK Microbial Accelerator Programme

source ↗

Aug 2024
Named among 100 hottest Irish start-ups to watch in 2025

source ↗

Mar 2024
Awarded funding from the NI Launchpad Programme

source ↗

Feb 2024
£1.4m raised for drug discovery studio, including Innovate UK and Innosuisse awards

Announced £1.4m to invest in its drug discovery studio, including £835,000 from Innovate UK and Innosuisse for an RNAi therapy for acute myeloid leukaemia and over £600,000 from Innovate UK for a nebulised antimicrobial for multi-drug resistant tuberculosis. The company described the award as €1.6 million from Innovate UK.

source ↗

Dec 2023
Selected for Techstars Chicago

AMPLY Discovery was selected as one of 12 AI startups to participate in Techstars Chicago.

source ↗

Sep 2022
AMPLY raises £900,000 in equity and grant funding

Raised £900,000 in a mix of equity and grant funding from Innovate UK, Co-Fund NI, the QUBIS Innovation Fund, the Helix Way Partnership and members of the Halo Business Angel Network to develop products tackling multi-drug resistant pathogens.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
AMPLY DiscoveryNo. NI676691 · inc. Feb 2021 · active

Companies House · registry record

View on Companies House ↗
Registered name
AMPLY DISCOVERY LIMITED
Company number
NI676691
Status
Active
Company type
Private limited company
Incorporated
19 Feb 2021
Registered office
C/O Qubis Ltd, 63 University Road, Belfast, BT7 1NF
Nature of business (SIC)
72110 — Research and experimental development on biotechnology
Accounts
last made up to 28 Feb 2026 · next due 30 Nov 2027
Confirmation statement
last made up to 6 Mar 2026 · next due 20 Mar 2027

Current officers · 5

  • Mark Granville Beards — director, appointed 24 Feb 2023
  • Christopher James Creevey — director, appointed 19 Feb 2021
  • Anne Elizabeth Dornan — director, appointed 19 Feb 2021
  • Benjamin James Thomas — director, appointed 19 Feb 2021
  • Dermot Tierney — director, appointed 19 Feb 2021

Source: Companies House public register · retrieved 24 Jul 2026. Contains public sector information licensed under the Open Government Licence v3.0.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does AMPLY Discovery do?
Queen's University Belfast spin-out using AI and synthetic biology to discover peptide, protein and RNA drug candidates.
Who are AMPLY Discovery's investors?
AMPLY Discovery's investors include Clarendon Fund Managers Ltd., Techstars, Twin Path Ventures, British Business Bank, QUBIS.
Where is AMPLY Discovery headquartered?
AMPLY Discovery is headquartered in Belfast, GB.