NEWS COMMENTARY

Schrödinger has IPO and provides a litmus test for chemical and materials informatics (and yes, these two spaces are related)

Published:
February 10, 2020
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Truly disruptive

Before the IPO, Schrödinger raised a total of $110 million in capital from prominent investors/institutions including David Shaw and the Bill & Melinda Gates Foundation Trust. The company applies and develops AI and computational tools for drug discovery and started its Materials Science division in 2012 with the goal of expanding its capability to the materials space. This is the first public company that has its core business in chemical and materials informatics. Its performance can be a good indicator of market faith in these spaces. Interested clients should monitor the company but also be mindful that not all MI startups have the same business model as Schrödinger. Citrine and a few others have built unique data infrastructures.

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