Fundraising Fox

Chai Discovery

Unicorn · $1.3B

San Francisco, US · 25 known investors

chaidiscovery.com

Chai Discovery builds a computer-aided design suite using artificial intelligence to design new molecules and drugs. The platform enables pharmaceutical companies to discover and develop medicines more efficiently by learning the principles of biological structure and interaction.

Also known as Chai · Chai Discovery Inc.

AI & Machine LearningBiotechDeep Tech

Founders & leadership

JMJoshua Meier
Joshua MeierinCo-Founder
JDJack Dent
Jack DentinCo-Founder

Investors · 25

Also in the syndicate · 6

Emerson CollectiveGlade Brook CapitalJohn CollisonNeoOpenAIPatrick Collison

Funding

SEC filings, press & company announcements

$800M disclosed across 2 of 6 rounds · 2024–2026

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

Valuation · disclosed

Disclosed events
$1.3Bvaluation at Series BDec 2025
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Chai Discovery is an artificial intelligence biotechnology company that develops foundation models for biochemical structure prediction and molecular design. It describes its goal as building a "computer-aided design suite" for molecules: models that learn the underlying principles of biochemical structure and interaction so that scientists can design new medicines computationally rather than through iterative laboratory trial and error. Its products include Chai-1, an open-source structure prediction model released in 2024, and Chai-2, a generative model that takes an antigen structure as input and produces antibodies that bind it, supporting de novo design of custom antibodies rather than modification of existing ones.

The company positions its technology against the two prevailing antibody discovery approaches, rational design and directed evolution, arguing that generative design compresses the antibody discovery cycle from 12-24 months to four to eight weeks. Contrary Research reports Chai-2 achieved 20% experimental hit rates across 52 de novo designed targets, described as a 200x improvement over prior computational methods. Public materials also cite work on drug-like antibody design against challenging targets with atomic precision.

Chai Discovery was founded in March 2024 and is headquartered in San Francisco, California, with reporting that the company began in New York. It is privately held, at Series B stage as of April 2026, with roughly 31 employees (Startup Intros lists a range of 11-50).

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Antibody discovery cycle time with Chai-2Apr 20264-8 weeks, versus 12-24 months for conventional discovery
Chai-2 experimental hit rateApr 202620%
Employee rangeJan 202611-50
EmployeesApr 202631 people
Funding stageApr 2026Series B (private)
Post-money valuationDec 2025$1.3B
Total funding raisedApr 2026$231M

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

Competitors · 4

by search overlap

Companies competing with Chai Discovery for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 10

launches, deals, and filings
Jan 2026
Series C of $400 million announced

The company's website announces a Series C in which it raised $400 million of new funding.

$400M source ↗

Jan 2026
Former Pfizer executive Mikael Dolsten appointed to board of directors

Chai Discovery appointed former Pfizer executive Mikael Dolsten to its board of directors.

source ↗

Jan 2026
AI drug discovery deal with Eli Lilly

Partnership with Eli Lilly to accelerate discovery of new drugs in the pre-clinical phase; referenced on the company website and in Forbes.

source ↗

Jan 2026
Collaboration agreement with argenx in immunology

Announced collaboration agreement with argenx to advance AI-driven immunology work, per the company website.

source ↗

Jan 2026
Collaboration with Novartis on AI-driven antibody discovery

Announced collaboration with Novartis to advance AI-driven antibody discovery, per the company website.

source ↗

Jan 2026
License agreement with Pfizer

Announced license agreement with Pfizer to accelerate drug discovery with AI, per the company website.

source ↗

Dec 2025
$130 million Series B at a $1.3 billion valuation

Round led by General Catalyst and Oak HC/FT with participation from Menlo Ventures, OpenAI, Dimension, Thrive Capital, Neo, Yosemite, Lachy Groom, SV Angel, and new investors Glade Brook and Emerson Collective; total funding reported at over $225 million.

$130M source ↗

Aug 2025
$70 million Series A led by Menlo Ventures

Menlo Ventures announced in August 2025 that it was leading Chai Discovery's $70 million Series A to advance foundation models tuned for drug discovery.

$70M source ↗

Jan 2024
$30 million seed round with OpenAI as an early investor

Chai Discovery raised a $30 million seed round in 2024; OpenAI became one of its first seed investors, alongside Thrive Capital.

$30M source ↗

Jan 2024
Release of Chai-1 structure prediction model

The company announced Chai-1, an open-source biochemical structure prediction model, in its first year of operation.

source ↗

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

In the news

Research sources · 6

primary sources listed

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

Frequently asked questions

What does Chai Discovery do?
AI biotech building generative and predictive models for de novo antibody and molecule design for pharma partners.
Who founded Chai Discovery?
Chai Discovery was founded by Joshua Meier, Jack Dent.
Who are Chai Discovery's investors?
Chai Discovery's investors include Amplify Partners, Avenir Growth Capital, Bain Capital Ventures, Battery Ventures, DCVC (Data Collective), General Catalyst, Index Ventures, Menlo Ventures and 11 more.
How much funding has Chai Discovery raised?
Chai Discovery has disclosed $800M raised across 2 of its 6 known rounds.
Where is Chai Discovery headquartered?
Chai Discovery is headquartered in San Francisco, US.