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Recursion Pharmaceuticals

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Enveda raises $311M Series E at $2B valuation for AI-driven natural drug discovery

Enveda, a biotech startup using AI to identify drugs from plants and microbes, closed a $311 million Series E funding round at a $2 billion valuation. Catalio Capital Management led the round, with Iconiq and other investors participating. The valuation doubles what the company achieved a year earlier.