Evozyne

Evozyne

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Private Company

Total funding raised: $278M

Overview

Evozyne is a private, pre-clinical stage biotech leveraging a closed-loop AI and high-throughput experimentation platform to engineer novel therapeutic proteins from scratch. The company focuses on high-unmet-need immune-mediated diseases, with an initial pipeline including IgG proteases, next-generation cytokines, and respiratory disease candidates. Founded by Paragon Biosciences and led by a team with deep biopharma and AI expertise, Evozyne aims to establish AI-designed proteins as a foundational therapeutic modality.

Immune-mediated diseases

Technology Platform

An AI-native, closed-loop platform combining EvoGen (generative AI for de novo protein design) and EvoLab (high-throughput experimental synthesis and testing) to create and optimize novel therapeutic proteins.

Funding History

3
Total raised:$278M
Series B$116M
Series B$81M
Series A$81M

Opportunities

The large and growing market for immune-mediated diseases, where significant unmet need exists due to non-response to current therapies, presents a major opportunity.
Evozyne's AI platform offers the potential to create entirely new protein functions, potentially unlocking novel biology and establishing a new therapeutic modality with broad applicability across immunology and beyond.

Risk Factors

High technical risk associated with the novel approach of designing de novo functional proteins, alongside intense competition in the AI-biotech space.
As a pre-revenue, pre-clinical company, Evozyne is also dependent on securing ongoing financing to fund its research and development efforts.

Competitive Landscape

Evozyne competes in the rapidly evolving field of AI-driven drug discovery, facing competition from other AI-native protein design companies like Generate Biomedicines and Absci, as well as internal efforts at large pharmaceutical companies. Its differentiation hinges on the specific capabilities of its closed-loop AI/experimental platform and its focused application to immune-mediated diseases.