Fundraising Fox

Generate Biomedicines

NASDAQ: GENB

Somerville, US · Incorporated in Delaware · 5 known investors

generatebiomedicines.com

Generate:Biomedicines develops protein-based therapeutics using artificial intelligence and machine learning in a field it calls Generative Biology, combining computational protein design with biological engineering. The company creates new drugs on demand across diverse biologic modalities for immunology, oncology, infectious disease, and vaccines.

Also known as Generate Biomedicines Inc. · Generate:Biomedicines

AI & Machine LearningBiotechDeep Tech

Founders & leadership

GGGevorg Grigoryan
Gevorg GrigoryaninCo-Founder & Chief Technology Officer

Investors · 5

Also in the syndicate · 1

Amgen

Funding

SEC filings, press & company announcements
  • Undisclosed amountIPOFeb 2026 · 2 sources
    Source ↗

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

Company profile

researched Aug 2026

Generate:Biomedicines (Generate Biomedicines Inc.) is an American biotechnology company headquartered in Somerville, Massachusetts, founded in 2018 by Flagship Pioneering. It applies machine learning to design and optimize proteins for therapeutic use, with a focus on immunology, oncology and infectious disease. The company describes its approach as "Generative Biology" and its technology stack as The Generate Platform, which it says can create medicines on demand across multiple therapeutic modalities rather than discovering them through conventional trial-and-error screening.

The platform is organized as a continuous generate–build–measure–learn loop: algorithms produce protein sequences targeted at a specific therapeutic question, those sequences are synthesized as physical proteins at scale, measurement systems characterize their molecular properties and functions, and the resulting data retrain the models. Reported capabilities include de novo generation of protein–protein interactions (including antibodies against defined epitopes and agonist antibodies to cell-surface receptors), optimization of enzyme properties such as processivity and specificity, and recoding of therapeutic proteins to reduce or eliminate immune recognition. Modalities span antibodies, peptides, enzymes and antibody-drug conjugates.

The pipeline has included GB-0669, a monoclonal antibody against a conserved region of the SARS-CoV-2 spike protein that entered a first-in-human dose-escalation trial in July 2023; GB-0895, an anti-TSLP antibody for asthma engineered for extended half-life and reduced dosing frequency, described by the company as in Phase 3 evaluation (SOLAIRIA study); and GB-4362, described in an August 2026 company blog post as advancing into clinical development. Reported pipeline breadth has been cited as 17 programs (2023) and more than 15 candidates.

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

Key figures

latest reported
Cash on handSep 2023$450M
EmployeesJan 2023244 people
Facility spaceJan 2026140,000 square feet
Pipeline programsJan 202317 programs
Proteins generated, built and testedJan 202642,000 proteins
Total funding raisedSep 2023$640M
Training data genetic sequencesJan 2020190,000,000 genetic sequences
Training data protein structuresJan 2020160,000 protein structures

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

Founder mafia

3 people who came through Generate Biomedicines went on to found or lead other companies.

Competitors · 1

by search overlap

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

Timeline · 11

launches, deals, and filings
Aug 2026
GB-4362 advancing into clinical development

Company blog post describing the advancement of GB-4362 into clinical development.

source ↗

Aug 2026
Second quarter 2026 financial results and business update

Company news release reporting Q2 2026 financial results and business update.

source ↗

Sep 2024
Novartis partnership potentially worth over $1 billion

Agreement to apply Generate's generative AI platform to protein therapeutics, including $65 million in upfront payments and equity plus milestones and royalties.

$65M source ↗

Sep 2023
$273 million Series C

Series C round described as the largest biotech Series C of 2023 and as a down round versus the $370 million Series B; new investors included Amgen and Nvidia's venture arm NVentures alongside existing backers.

$273M source ↗

Jul 2023
First-in-human trial of GB-0669 initiated

Phase 1 dose-escalation trial launched for GB-0669, a monoclonal antibody targeting a conserved region of the SARS-CoV-2 spike protein.

source ↗

Jan 2023
MD Anderson Cancer Center oncology collaboration

Collaboration to develop up to five oncology targets, including small cell and non-small cell lung cancer.

source ↗

Jan 2022
Amgen collaboration

Deal giving Amgen rights to up to five assets for $50 million upfront, milestone payments worth more than $1.8 billion and royalties, with an option on up to five additional programs each worth $370 million in milestones.

$50M source ↗

Mar 2021
Mike Nally appointed CEO

Mike Nally, formerly of Merck, joined as chief executive officer.

source ↗

Jan 2021
$370 million Series B

Series B financing of $370 million; investors reported to include Flagship Pioneering.

$370M source ↗

Sep 2020
Emerged from stealth mode

The company publicly unveiled itself on September 10, 2020, announcing a machine learning and big data platform for designing biologics, including candidates targeting SARS-CoV-2.

source ↗

Jan 2018
Company founded by Flagship Pioneering

Generate:Biomedicines was founded in 2018 by Flagship Pioneering to develop a data-driven approach linking protein sequence to function.

source ↗

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

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 Generate Biomedicines do?
Biotechnology company using machine learning to generate novel protein therapeutics across multiple modalities.
Who founded Generate Biomedicines?
Generate Biomedicines was founded by Gevorg Grigoryan.
Who are Generate Biomedicines's investors?
Generate Biomedicines's investors include Flagship Pioneering, ARCH Venture Partners, March Capital Partners, NVentures.
Where is Generate Biomedicines headquartered?
Generate Biomedicines is headquartered in Somerville, US.