Companies · Pharmaceuticals

Recursion Pharmaceuticals, Inc.

SALT LAKE CITY · Pharmaceuticals · https://www.recursion.com/

Diligence memoA one-page analyst read on Recursion Pharmaceuticals, Inc. — recommendation, valuation, rhythm, risks.
$478.3M
Total raised · real
8
Rounds
1.0×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Sep 01 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Recursion Pharmaceuticals, Inc. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.23× the median modeled value of Series D+ Pharmaceuticals companies in 2019–2021 (15 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.8 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Pharmaceuticals

Recursion Pharmaceuticals, Inc. is one of 1613 Pharmaceuticals companies tracked from SALT LAKE CITY. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Dive into Recursion's innovative approach to decoding biology. Join our mission & explore what AI drug discovery companies can do. Contact us today!

Dive into Recursion's innovative approach to decoding biology. Join our mission & explore what AI drug discovery companies can do. Contact us today! Recursion was founded more than a decade ago on the idea that we could take images of cells and use these images to train artificial intelligence to understand the vast unknown biological space – the cellular disruptions driving disease – to use AI-drug discovery to reduce the massive 90% failure rate of traditional drug discovery. We’re using data and AI to bring better medicines to patients, faster. The Recursion OS drug discovery and development platform has yielded an advanced pipeline of potential first-in-class and best-in-class treatments for conditions with high unmet need including aggressive cancers and rare diseases. Today, we’ve demonstrated significant improvements in speed, efficiency, and reduced costs from hit identification to IND-enabling studies compared to traditional pharmaceutical company averages. Our strategic partnerships allow us to accelerate the discovery of new medicines and expand our potential impact on patients via AI-drug discovery. This includes pharmaceutical partnerships with industry leaders, techno

ai/mlpharma
Find Pioneering AI Drug Discovery online

Trades publicly as Pioneering AI Drug Discovery.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
38
Investors (latest)
2020-09-01
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5B$5.0B$7.5B$10.0BPre-Seed · 2015-02-17 Raised $830K (real) Modeled valuation $39M (est)Pre-Seed2015Seed · 2015-11-20 Raised $2.6M (real) Modeled valuation $101M (est)Seed2015Series A · 2016-09-01 Raised $4.1M (real) Modeled valuation $126M (est)Series A2016Series B · 2016-09-01 Raised $32M (real) Modeled valuation $1.1B (est)Series B2016Series B · 2016-09-02 Raised $15M (real) Modeled valuation $511M (est)Series B2016Series A · 2016-09-02 Raised $13M (real) Modeled valuation $400M (est)Series A2016Series C · 2017-09-25 Raised $56M (real) Modeled valuation $2.0B (est)Series C2017Series D+ · 2019-02-12 Raised $122M (real) Modeled valuation $4.3B (est)Series D+2019Series D+ · 2020-09-01 Raised $246M (real) Modeled valuation $8.3B (est)Series D+2020Series D+ · 2020-09-01 Raised $236M (real) Modeled valuation $7.9B (est)Series D+2020+$2.6M+$4.1M+$32M+$15M+$13M+$56M+$122M+$246M+$236MCumulative $727M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$830K · 2015
Seed$2.6M · 2015
Series A$4.1M · 2016
Series B$32.0M · 2016
Series B extension$15.0M · 2016
Bridge · Series B-stage$12.9M · 2016smaller follow-on
Series C$55.8M · 2017
Series D+$122.1M · 2019
Series D+ extension$245.9M · 2020
Series D+ extension$235.5M · 2020

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$8.3B
Base estimate est.
$1.2B
Conservative case
$17.8B
Upside case
$2.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $39.3M · 2015-02-172015Seed · modeled $100.8M · 2015-11-20Series A · modeled $126.0M · 2016-09-01Series B · modeled $1.1B · 2016-09-01Series B · modeled $511.2M · 2016-09-02Series A · modeled $399.8M · 2016-09-02Series C · modeled $2.0B · 2017-09-25Series D+ · modeled $4.3B · 2019-02-12Series D+ · modeled $8.3B · 2020-09-01Series D+ · modeled $7.9B · 2020-09-012020
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
71%
Survival probability
57% low · 79% high
1.35×/yr
Annual markup
1.51×/yr upside case
5.8 yr
Elapsed time used
5.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$86.4M/yr
Capital velocity
11.4 yr
On record since
2015
First round
10
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 59× above median
This company$478.3M
Sector median$8.1M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 2.1× above median
This company$235.5M
Sector median$111.8M
Modeled value — vs sector median (estimate, all stages) 109× above median
This company$8.3B
Sector median$76.1M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #2 of 15.

This companyCohort peer
$1.0B$10.0B$100.0B$10.0M$100.0M$1.0BCapital raised (log)Nuvation Bio Inc. · Series D+ Raised $275.3M · modeled $9.7B (est)Vyripharm Enterprises, Inc. · Series D+ Raised $300.0M · modeled $7.2B (est)Verona Pharma plc · Series D+ Raised $244.7M · modeled $7.0B (est)Cingulate Inc. · Series D+ Raised $220.0M · modeled $5.4B (est)Day One Biopharmaceuticals Holding Co LLC · Series D+ Raised $130.0M · modeled $3.9B (est)Design Therapeutics, Inc. · Series D+ Raised $170.5M · modeled $3.7B (est)Secura Bio Holdings, Inc. · Series D+ Raised $105.0M · modeled $3.7B (est)Revolution Medicines, Inc. · Series D+ Raised $204.2M · modeled $3.5B (est)Entrada Therapeutics, Inc. · Series D+ Raised $150.9M · modeled $3.3B (est)Catabasis Pharmaceuticals Inc · Series D+ Raised $349.6M · modeled $3.3B (est)DTx Pharma, Inc. · Series D+ Raised $113.4M · modeled $2.9B (est)Recursion Pharmaceuticals, Inc. (this company) Raised $478.3M · modeled $8.3B (est)Recursion Pharmaceuticals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Nuvation Bio Inc.Series D+$275.3M$9.7B2.62×
Recursion Pharmaceuticals, Inc. this companySeries D+$478.3M$8.3B2.23×
Vyripharm Enterprises, Inc.Series D+$300.0M$7.2B1.95×
Verona Pharma plcSeries D+$244.7M$7.0B1.87×
Cingulate Inc.Series D+$220.0M$5.4B1.45×
Day One Biopharmaceuticals Holding Co LLCSeries D+$130.0M$3.9B1.04×
Design Therapeutics, Inc.Series D+$170.5M$3.7B1.01×
Secura Bio Holdings, Inc.Series D+$105.0M$3.7B1.00×
Revolution Medicines, Inc.Series D+$204.2M$3.5B0.96×
Entrada Therapeutics, Inc.Series D+$150.9M$3.3B0.89×
Catabasis Pharmaceuticals IncSeries D+$349.6M$3.3B0.88×
DTx Pharma, Inc.Series D+$113.4M$2.9B0.79×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$830K2015-02-17$4.6M$39.3M85%
Seed$2.6M2015-11-20$13.3M$100.8M85%
Series A$4.1M2016-09-01$18.5M$126.0M85%
Series B$32.0M2016-09-01$177.8M$1.1B85%
Series B$15.0M2016-09-02$83.5M$511.2M90%
Series A$12.9M2016-09-02$58.7M$399.8M85%
Series C$55.8M2017-09-25$372.0M$2.0B90%
Series D+$122.1M2019-02-12$1.0B$4.3B90%
Series D+$245.9M2020-09-01$2.0B$8.3B90%
Series D+$235.5M2020-09-01$2.0B$7.9B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$830K2015-02-17
    • First recorded raise — entered as Pre-Seed.
    • 19 investors on this round.
  2. Seed$2.6M2015-11-20
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 8 investors on this round.
  3. Series A$4.1M2016-09-01
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 31 investors on this round.
  4. Series B$32.0M2016-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 7.9× larger than the prior — scaling up.
    • 32 investors on this round.
  5. Series B$15.0M2016-09-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 18 investors on this round.
  6. Series A$12.9M2016-09-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 13 investors on this round.
  7. Series C$55.8M2017-09-25
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 26 investors on this round.
  8. Series D+$122.1M2019-02-12
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 33 investors on this round.
  9. Series D+$245.9M2020-09-01
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 49 investors on this round.
  10. Series D+$235.5M2020-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 38 investors on this round.
Intelligence
2021 ~Q2
Modeled next raise · ~7mo cadence
$235.5M
Modeled next size est.range $235.5M$376.8M
1.0×
Last step-up
$86.4M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Perry Fell2 other2015-11
H. PERRY FELL1 other2016-09
R. Martin Chavez1 other2020-09
Blake Borgeson2015-11
Blake C. Borgeson2015-02
Christopher C. Gibson2015-02
Christopher Gibson2015-11
DEAN C. LI2016-09
Dean Li2015-11
DEAN Y. LI2016-09
Dean Y. Yi2015-02
JOHN PERRY PEREIRA2017-09
MICHAEL MARTIN SECORA2020-09
REID PERRY HUTCHINS2016-09
ROBERT C. HERSHBERG2020-09
TERRY-ANN C. BURRELL2020-09
ZACHARY C. BOGUE2019-02
ZACHARY PERRY BOGUE2017-09
ZAVAIN C. DAR2019-02
ZAVAIN PERRY DAR2016-09
Registry & provenance

Recursion Pharmaceuticals, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1601830
SEC CIK
Recent activityActive

Discovered from recursion — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.

Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Lexicon Pharmaceuticals, Inc.PharmaceuticalsSeries D+$446.0M$374.2Msame sector · same stage
Kv Pharmaceutical Co /De/PharmaceuticalsSeries D+$526.0M$9.2Bsame sector · same stage
Olema Pharmaceuticals, Inc.PharmaceuticalsSeries D+$527.4M$2.4Bsame sector · same stage
Galecto, Inc.PharmaceuticalsSeries D+$428.3M$2.0Bsame sector · same stage
Paragon Biosciences Emalex Capital, Inc.PharmaceuticalsSeries D+$376.8M$5.5Bsame sector · same stage
TrialSpark, Inc.PharmaceuticalsSeries D+$372.2M$4.1Bsame sector · same stage
Precigen, Inc.PharmaceuticalsSeries D+$624.0M$405.3Msame sector · same stage
Clovis Oncology, Inc.PharmaceuticalsSeries D+$358.3M$6.8Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
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1910
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Biotech80%
resistanceBio, Inc.
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Ritivel
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WhiteLab Genomics
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Evolvere BioSciences
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Numerion Labs
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Biotech78%
PostEra Inc.
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Frequently asked
How much funding has Recursion Pharmaceuticals, Inc. raised?
Recursion Pharmaceuticals, Inc. has raised approximately $478.3M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Recursion Pharmaceuticals, Inc.'s estimated valuation?
Provath's modeled valuation for Recursion Pharmaceuticals, Inc. is approximately $8.3B (modeled range $1.2B–$17.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Recursion Pharmaceuticals, Inc. at?
Recursion Pharmaceuticals, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Sep 01.
What does Recursion Pharmaceuticals, Inc. do and where is it based?
Recursion Pharmaceuticals, Inc. operates in the Pharmaceuticals sector, based in SALT LAKE CITY. Dive into Recursion's innovative approach to decoding biology. Join our mission & explore what AI drug discovery companies can do. Contact us today!
Explore related

See where Recursion Pharmaceuticals, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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