UK Sovereign AI backs Potential Sciences funding round

The UK Government’s Sovereign AI fund has backed Potential Sciences in an eight-figure funding round and is also providing compute support.

• Investment round announced today: Potential Sciences, a British AI startup focused on drug discovery, has secured backing from Sovereign AI as part of an eight-figure fundraise.
• Support package details: the company will receive investment plus access to compute via the AI Research Resource, including Isambard-AI in Bristol; other backers include Twin Path Ventures, Odyssey, Portfolio Ventures, Blue Wire Capital, rule30, Nauta Capital, Lightfield Equity, and angels Patrick Collison and Chris Gibson.
• Government context: the article says this comes a week after the Budget, when the Chancellor confirmed £140 million more for Sovereign AI, including £60 million for the Fund’s investments and £80 million for its R&D Procurement Scheme; Sovereign AI will also expand into Physical and Industrial AI.