Fundraising Fox

Inceptive

Palo Alto, US · Founded 2021 · Delaware corporation · 7 known investors

inceptive.life

Inceptive builds foundation models of biological systems for drug discovery, specializing in sequence-based medicines like mRNA and peptides. The company combines deep learning trained on heterogeneous life data with in-house wet lab validation to design novel drug candidates that outperform existing options.

Also known as Inceptive Nucleics

Founders & leadership

Inceptive was founded in 2021 by Jakob Uszkoreit and Kevin Heyries.

JU
Jakob UszkoreitCo-founder
KH
Kevin HeyriesCo-founder
DI
Diana Isabel AjuriaExecutive
DS
Do Soon KimExecutive

Board

VSVijay S. Pande
Vijay S. Pandein𝕏Board directorGeneral Partner, Andreessen Horowitz at Propagator Ventures

Investors · 7

Also in the syndicate · 1

NVentures (NVIDIA)lead

Reported raises · per SEC filings

Form D private placements

$99.7M disclosed across 1 round · 2023

$99.7MraisedSep 2023 · 8 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Jakob UszkoreitExecutive Officer, Director, Promoter
  • Kevin HeyriesExecutive Officer
  • Vijay S. PandeDirector
  • Diana Isabel AjuriaExecutive Officer
  • Do Soon KimExecutive Officer
Offering amount
$100M
Amount sold
$99.7M
First sale
Sep 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$300Mvaluation at Series ASep 2023
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

Inceptive is a Palo Alto-based biotechnology company that develops end-to-end foundation models trained to design therapeutic molecules directly from diverse biological observations. It focuses on sequence-based modalities — mRNA, siRNA, antisense oligonucleotides (ASOs) and peptides — where sequence largely determines function. Rather than relying on a narrow, structure-based approach, the company trains models on heterogeneous, multi-scale data spanning sequence, function and structure, drawn from public datasets, data generated in its own laboratory, and partner data.

The company pairs computational work with an in-house wet lab, describing the interface between the two as "the beach." Designs and novel data are scored in silico to refine models and assays, while the wet lab ranks models and validates designs in vitro and in vivo on a high-frequency cycle intended to compress the time and cost of moving from design to drug candidate. Inceptive states that its algorithms are built to extrapolate beyond the best molecules present in training data, iteratively improving candidate molecules rather than reproducing known ones.

Inceptive was founded in 2021 by Jakob Uszkoreit, a former Google AI researcher and co-author of the Transformer paper "Attention Is All You Need," who applied transformer-style techniques to biological rather than text or image data. The company employs an "antedisciplinary" team of scientists, AI researchers and engineers and maintains offices in Palo Alto, Berlin and Zurich, with wet research and development at 3440 Hillview Ave, Palo Alto, California.

Founding story

Founded in 2021 by AI and biochemistry practitioners, led by Jakob Uszkoreit, who previously conducted AI research at Google and is credited with proposing the attention focus behind the 2017 transformer paper. He left Google to apply the same class of models to biological data, with the stated ambition of writing "biological software" that runs in cells in the body.

Business model

Inceptive customizes its foundation models for the discovery programs of pharmaceutical partners and co-designs medicines with them, with partners taking candidates into the clinic. Press reporting describes the company designing and lab-validating molecules and then licensing successful candidates to pharmaceutical companies for development and clinical trials; Inceptive itself does not run the trials.

Licensing of AI-designed molecules to pharmaceutical companies and multi-year strategic partnership agreements in which Inceptive tunes models to partner data and transfers knowledge.

Traction

Announced partnerships include a strategic AI collaboration with Alnylam on RNAi therapeutics and a previously reported program with a large European pharmaceutical company on an infectious-disease mRNA vaccine. The company reported publishing work on designing in vivo CAR-T with its platform and has been featured in media including TED and podcast interviews. Total disclosed equity funding was reported at roughly $120 million across a seed and the 2023 round.

Latest developments

In June 2026 Inceptive announced a strategic AI collaboration with Alnylam to accelerate the discovery of RNAi therapeutics, and published material on designing in vivo CAR-T using its platform. The company continues to recruit scientists and engineers across AI and biology.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned in the AI-for-drug-design layer as a platform and licensing partner to drug developers rather than as an integrated developer of its own clinical products. Coverage of the 2023 round placed the company among a cohort of AI-plus-biotech startups pursuing what a Morgan Stanley estimate framed as a roughly $50 billion opportunity for AI in pharma.

The company contrasts its broad, data-driven approach with narrower structure-based methods, arguing that training on heterogeneous sequence, function and structure data lets models generalize across programs, and that its algorithms extrapolate beyond the best molecules in the training data. It also emphasizes tight coupling of computational design with high-frequency in-house wet-lab validation and its ability to generate experimental data at large scale when data is missing.

Technology

End-to-end deep learning foundation models trained on heterogeneous, multi-scale biological data spanning sequence, function and structure, coupled with high-throughput experimentation to generate training data where it is lacking. The approach draws on transformer/generative AI methods developed by the founder at Google and is paired with in-house in vitro and in vivo validation. The 2023 NVIDIA investment was reported to include access to NVIDIA computing platforms and chips for model training.

Go-to-market

Direct partnership-led sales to leading drugmakers, framed as long-term strategic alliances covering model tuning, data use and knowledge transfer, rather than a self-serve product. Announced collaborations include Alnylam in RNAi therapeutics and an unnamed large European pharmaceutical company on an infectious-disease mRNA vaccine.

Large pharmaceutical and biotechnology drug developers pursuing RNA and other sequence-based medicines, including RNAi and mRNA vaccine programs.

Geography

Headquarters and wet-lab research and development in Palo Alto, California, with additional offices in Berlin, Germany and Zurich, Switzerland.

History

Inceptive was founded in 2021 in Palo Alto. Reporting indicates a $20 million seed round backed by Andreessen Horowitz, at a valuation of about $100 million in 2021, followed in September 2023 by a $100 million round led by NVIDIA's NVentures and Andreessen Horowitz with Obvious Ventures, reported to value the company above $300 million. Kevin Heyries joined from AbCellera as Chief Business Officer in 2024. The company has since expanded beyond mRNA into siRNA, ASOs and peptides and, in June 2026, announced a strategic AI collaboration with Alnylam on RNAi therapeutics alongside work on in vivo CAR-T design.

Risks & controversies

Commentary accompanying the 2023 financing noted that the safety and efficacy of Inceptive's computer-generated compounds in humans remain unestablished, and that most of the time and cost of drug development sits in clinical trials rather than molecular design, leaving outcomes dependent on partners advancing licensed molecules through the clinic. Coverage also referenced setbacks, including layoffs, at peer AI-drug-discovery companies as context for sector risk.

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

Key figures

latest reported
HeadcountAug 202655
OfficesJan 20253 locations
Post-money valuationSep 2023$300M
Valuation at seed roundJan 2021$100M

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

Founder mafia

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

Timeline · 5

launches, deals, and filings
Jun 2026
Alnylam and Inceptive form strategic AI collaboration on RNAi therapeutics

Inceptive announced a strategic AI collaboration with Alnylam to accelerate the discovery of RNAi therapeutics.

source ↗

Jun 2026
Publication on designing in vivo CAR-T with the Inceptive platform

Inceptive published material describing the use of its platform to design in vivo CAR-T.

source ↗

Jan 2024
Kevin Heyries joins as Chief Business Officer

Kevin Heyries, previously of AbCellera, joined Inceptive as Chief Business Officer to lead pharma licensing.

source ↗

Sep 2023
Inceptive raises $100M led by NVIDIA's NVentures and Andreessen Horowitz

Inceptive announced a $100 million funding round led by NVIDIA's NVentures and Andreessen Horowitz, with participation from Obvious Ventures. Reporting stated the round tripled the company's valuation to more than $300 million and included access to NVIDIA computing platforms. Proceeds were earmarked for extending the AI platform and molecular design capabilities.

$100M source ↗

Sep 2023
Collaboration with a major European pharmaceutical company on an infectious disease mRNA vaccine

Press coverage of the $100M round reported that Inceptive had partnered with an unnamed large European pharmaceutical company to develop a new infectious disease mRNA vaccine.

source ↗

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

Legal entities · 1

corporate structure
InceptiveDelaware

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 Inceptive do?
Inceptive builds AI foundation models that design sequence-based medicines such as mRNA, siRNA, ASOs and peptides.
Who founded Inceptive?
Inceptive was founded by Jakob Uszkoreit, Kevin Heyries in 2021.
Who are Inceptive's investors?
Inceptive's investors include Andreessen Horowitz, Artis Ventures, Obvious Ventures, S32, Section 32, NVentures.
How much funding has Inceptive raised?
Inceptive has disclosed $99.7M raised across 1 round.
Where is Inceptive headquartered?
Inceptive is headquartered in Palo Alto, US.