XtalPi - About the company
XtalPi is a public company based in Cambridge (United States), founded in 2014 by Shuhao Wen, Lipeng Lai, Jie Ren and Jian Ma. It operates as an AI-based drug research and development company. XtalPi has raised $785M in funding from investors like Orbimed, Tencent and Renren. The company has 129 active competitors, including 54 funded and 9 that have exited. Its top competitors include companies like Recursion Pharmaceuticals, Benevolent and Schrodinger.
Sectors and market segments that XtalPi operate in
XtalPi serves in the High Tech, Native AI, HealthTech, Life Sciences market segments.The primary business model of XtalPi are:Company Details
XtalPi has developed a proprietary technology FACES(Fast Accurate Crystalline Engineering System), which is a cloud-based computing system to predict the crystal structure which will identify polymorphs of the compound. The company's algorithms are integrated with the Amazon Web Service (AWS) high-performance computing (HPC) resources in the cloud. The team claims to have a strong background in quantum physics and machine learning. It provides services to pharmaceutical companies at various stages of drug development. The company has deployed its technology to develop an Intelligent Digital Drug Discovery and Development (ID4) platform to improve the efficiency, accuracy, and success rate of drug discovery.
- Website
- www.xtalpi.com/
Key Metrics
Founded Year
2014
Location
Cambridge, United States
Stage
Public
Total Funding
$785M in 8 rounds
Latest Funding Round
Ranked
3rd among 129 active competitors
Employee Count
293 as on Mar 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public
Legal entities associated with XtalPi
XtalPi is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
XTALPI INC CIN: 81-1502453 , United States, Active | Feb 28, 2016 | - | 33 (As on Dec 31, 2023) | - |
XtalPi's IPO details
XtalPi got listed on Jun 13, 2024.
Click here to take a look at XtalPi's IPO in detail
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XtalPi's funding and investors
XtalPi has raised a total funding of $785M over 8 rounds. XtalPi has 27 institutional investors.
Here is the list of recent funding rounds of XtalPi:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 17, 2025 | $268M | Post IPO | - | - | - | - |
Feb 27, 2025 | $268M | Post IPO | - | - | - | - |
Aug 11, 2021 | $400M | Series D | $2.01B | - |
View details of XtalPi's funding rounds and investors
XtalPi's founders and board of directors
Founder? Claim ProfileHere are the details of XtalPi's key team members:
- Shuhao Wen: Co-Founder & President of XtalPi. Contact Info: 1 email address
- Lipeng Lai: Co-Founder & COO of XtalPi. Contact Info: 1 email address
- Jie Ren: Co-Founder of XtalPi.
- Jian Ma: Co-Founder and CEO of XtalPi. Contact Info: 1 email address
View details of XtalPi's Founder profiles and Board Members
XtalPi's employee count trend
XtalPi has 293 employees as of Mar 26. Here is XtalPi's employee count trend over the years:
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XtalPi's Competitors and alternates
Top competitors of XtalPi include Recursion Pharmaceuticals, Benevolent and Schrodinger. Here is the list of Top 10 competitors of XtalPi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Recursion Pharmaceuticals 2013, New York (United States), Public | AI-enabled drug discovery and development platform for novel therapeutics | $452M | 75/100 | |
2nd | Benevolent 2013, London (United Kingdom), Public | AI powered platform for drug discovery and development | $282M | 70/100 | |
3rd | XtalPi 2014, Cambridge (United States), Public | AI-based drug research and development company | $785M | 67/100 | |
3rd | Schrodinger 1990, New York City (United States), Acquired | Provider of a web-based simulation and modelling tool | $162M | 68/100 | |
5th | Healx 2014, Cambridge (United Kingdom), Series C | AI-powered drug discovery platform to treat rare diseases | $115M | 66/100 | |
6th | Isomorphic Labs 2021, London (United Kingdom), Series D | AI-driven platform to accelerate drug discovery process | $600M | 65/100 | |
7th | Provider of an AI and quantum physics to discover therapeutic molecules | $103M | 61/100 | ||
8th | METiS Therapeutics 2017, Cambridge (United States), Series B | Provider of an AI-assisted platform for drug discovery and development | $252M | 61/100 | |
9th | Tandem AI 2021, New York (United States), Series A | AI-based drug discovery tool for researchers | $82M | 60/100 | |
10th | Xaira 2023, San Francisco (United States), Series D | AI-enabled platform for drug discovery and development | $1B | 60/100 |
Looking for more details on XtalPi's competitors? Click here to see the top ones
XtalPi's Investments and acquisitions
XtalPi has made 5 investments in companies including ReviR Therapeutics and CytoCan. XtalPi has also acquired 1 companies including Liverpool ChiroChem.Here is the list of investments & acquisitions:
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Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 13, 2025 | Acquisition | 2014 | Liverpool (United Kingdom) | |
Jul 26, 2024 | Investments | 2021 | San Francisco (United States) | |
Feb 07, 2023 | Investments | 2022 | Hangzhou (China) |
See all investments by XtalPi
Reports related to XtalPi
Here is the latest report on XtalPi's sector:
News related to XtalPi
Media has covered XtalPi for a total of 18 events in the last 1 year, 5 of them have been about partnerships and 2 about company updates.
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XtalPi's Automation Capabilities Recognized by BASFPR Newswire•Feb 09, 2026•BASF, XtalPi, Futamura, Novamont and 6 others
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JinkoSolar pushes on perovskite-silicon tandem solar with new partnershippv magazine•Jan 08, 2026•Jinko Solar, XtalPi
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XtalPi Completes HKD 2.65 Billion Share PlacementGlobal Legal Chronicle•Sep 17, 2025•Fangdalaw, XtalPi
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XtalPi and DoveTree Announce $6 Billion AI Drug Discovery CollaborationPR Newswire•Aug 07, 2025•XtalPi
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