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Home/Market & Regulation
Market & RegulationInvestment · $311M

Enveda raises $311M for AI drug discovery

TechCrunch AI·September 23, 2026·high confidence

Why it matters

  • →Validates the niche of AI-driven discovery of natural compounds over synthetic chemistry.
  • →Demonstrates investor confidence in AI-discovered drugs reaching clinical trials.
  • →Highlights the growing capital influx into biotech startups leveraging machine learning for drug identification.
Enveda raises $311M for AI drug discovery
©TechCrunch AI

Enveda Biosciences has secured $311 million in Series E funding led by Catalio Capital Management, valuing the company at $2 billion. Founded in 2019 by Viswa Colluru, the startup uses AI to identify drug candidates from natural sources like plants and microbes. The company currently has multiple assets in clinical trials, including treatments for severe skin conditions and weight loss maintenance following GLP-1 therapy cessation. This investment marks a significant valuation increase compared to its previous round.

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