Recursion Pharmaceuticals

Recursion Pharmaceuticals

Is this your company? Claim your profile to update info and connect with investors.
Claim profile

Private Company

Total funding raised: $870M

Market Cap: $1.6BPipeline: 8 drugs (1 Phase 3)Patents: 20Founded: 2013HQ: Salt Lake City, United States

Overview

Recursion Pharmaceuticals is pioneering a TechBio approach to industrialize drug discovery, leveraging its proprietary Recursion OS—a closed-loop platform integrating automated wet labs, one of the world's largest fit-for-purpose biological datasets (>50 PB), and machine learning foundation models. The company has built a maturing clinical pipeline, with its lead asset, REC-4881 for Familial Adenomatous Polyposis (FAP), in Phase 2 and multiple other oncology programs in Phase 1/2. Its strategy centers on scaling its platform to systematically discover and develop first-in-class and best-in-class medicines, supported by strategic partnerships with pharmaceutical and technology leaders.

OncologyRare Disease

Technology Platform

The Recursion Operating System (OS) is an integrated, closed-loop AI platform that industrializes drug discovery by combining automated wet labs generating petabytes of phenomic data with machine learning foundation models to map biology and design novel therapeutics.

Pipeline

8
8 drugs in pipeline1 in Phase 3
DrugIndicationStageWatch
REC-2282 + PlaceboNeurofibromatosis Type 2Phase 2/3
REC-4881AXIN1 Gene MutationPhase 2
REC-3964Recurrent Clostridioides Difficile InfectionPhase 2
REC-994 + PlaceboCerebral Cavernous MalformationPhase 2
REC-1245UnresectablePhase 1/2

Funding History

6
Total raised:$870M
IPO$436M
Series D$239M
Series C$121M
Series B$60M

Opportunities

Recursion has a significant opportunity to validate its platform with Phase 2 data for its lead asset in FAP, a rare disease with no approved therapies.
Successful clinical progression of its broad oncology pipeline and expansion of its high-margin partnership model with large pharma could drive substantial value creation.

Risk Factors

The company faces high clinical development risk with novel mechanisms, requires substantial capital to fund operations beyond 2026, and operates in a fiercely competitive and rapidly evolving AI drug discovery landscape where technological obsolescence is a constant threat.

Competitive Landscape

Recursion competes with AI/ML peers like Exscientia and Schrödinger through its unique scale of integrated wet-lab data generation. For each clinical asset, it faces competition from traditional biotechs developing drugs for the same indications, differentiating on novel biology or engineered product profiles from its platform.

Company Timeline

2013Founded

Founded in Salt Lake City, United States

2019Series C

Series C: $121.0M

2020Series D

Series D: $239.0M

2021IPO

IPO — $436.0M