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BenevolentAI

OverviewSuggest Edit

BenevolentAI is a company engaged in the development and application of artificial intelligence for drug discovery and development. Its platform empowers scientists to decipher the complex code underlying human biology and find new ways to treat disease.

TypePrivate
Founded2013
HQLondon, GBMap
Websitebenevolent.com
Employee Ratings3.8More
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Latest Updates

Employees (est.) (Jan 2021)276(-1%)
Revenue (FY, 2018)£6.8 M(+165%)
Cybersecurity ratingAMore

Key People/Management at BenevolentAI

Ken Mulvany

Ken Mulvany

Founder and Chairman
Joanna Shields

Joanna Shields

CEO
Ivan Griffin

Ivan Griffin

COO & Co-Founder
Anne Phelan

Anne Phelan

CSO
Ben Medlock

Ben Medlock

CTO
John Connolly

John Connolly

SVP Product Management
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BenevolentAI Office Locations

BenevolentAI has offices in London, Babraham and Brooklyn
London, GB (HQ)
4-8 Maple St, Bloomsbury
Babraham, GB
Babraham Hall House
Brooklyn, NY, US
1 Dock 72 Way, 7th Floor
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BenevolentAI Financials and Metrics

Summary Metrics

Founding Date

2013

BenevolentAI total Funding

$305 m

BenevolentAI latest funding size

$90 m

Time since last funding

a year ago

BenevolentAI investors

Temasek Holdings, Lundbeck, Woodford Investment Management, Lansdowne Partners, Upsher Smith Laboratories
BenevolentAI's latest funding round in September 2019 was reported to be $90 m. In total, BenevolentAI has raised $305 m. BenevolentAI's latest valuation is reported to be $1 b.
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BenevolentAI Revenue

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BenevolentAI's revenue was reported to be £6.83 m in FY, 2018 which is a 164.1% increase from the previous period.
GBP

Revenue (FY, 2018)

6.8m

Revenue growth (FY, 2017 - FY, 2018), %

164.1%

Gross profit (FY, 2018)

6.8m

Gross profit margin (FY, 2018), %

100%

Net income (FY, 2018)

(26.9m)

EBIT (FY, 2018)

(32.6m)

Market valuation

1.0b

Cash (31-Dec-2018)

32.5m
GBPFY, 2017FY, 2018

Revenue

2.6m6.8m

Revenue growth, %

164%

Gross profit

2.6m6.8m

Gross profit Margin, %

100%100%
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GBPFY, 2017FY, 2018

Cash

19.6m32.5m

Prepaid Expenses

337.0k1.1m

Current Assets

27.0m46.6m

PP&E

393.0k4.5m
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GBPFY, 2017FY, 2018

Net Income

(30.4m)(26.9m)

Depreciation and Amortization

3.3m748.0k

Accounts Payable

(592.0k)2.8m

Cash From Operating Activities

(19.3m)(37.9m)
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GBPFY, 2017

Revenue/Employee

42.3k

Financial Leverage

0.6 x
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BenevolentAI Operating Metrics

May, 2020

Trademarks Pending

2
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BenevolentAI Acquisitions / Subsidiaries

Company NameDateDeal Size
BenevolentAI Cambridge LimitedFebruary 21, 2018
BenBio GK
BenevolentAI Bio Limited
BenevolentAI Energy Limited
BenevolentAI Technology Inc
BenevolentAI Technology Limited

BenevolentAI Revenue Breakdown

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BenevolentAI revenue breakdown by business segment: 91.4% from License Revenue and 8.6% from Rendering of Services

BenevolentAI revenue breakdown by geographic segment: 90.3% from Europe, 8.6% from USA and 1.2% from Other

Human Capital Metrics

Source: uploads5.craft.co, uploads4.craft.co
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BenevolentAI Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

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BenevolentAI Online and Social Media Presence

BenevolentAI's Trends

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BenevolentAI News and Updates

May 05, 2020

How BenevolentAI bounced back from a $1 billion loss

When London tech startup BenevolentAI secured a $90 million (£68 million) cash injection from Singaporean sovereign fund Temasek in September 2019, the deal valued the business at $1 billion. Not bad for a six-year-old company whose ambition to dramatically change the way drugs are discovered and de…
May 04, 2020

COVID-19 update: Possible cure found by BenevolentAI

By using high-end BenevolentAI technologies, a possible treatment was found and pinpointed in such a speedy manner that shocked the company that makes the said drug, and as well as the other doctors who had spent years into researching about the effects on other viruses.
April 18, 2020

In the time of Covid pandemic, AI comes to the rescue

An Artificial Intelligence (AI) software developed by BenevolentAI, a London-based startup has created a super search engine that combines the data from the drug industry data and chunks of new information garnered from scientific research papers.
April 15, 2020

AI could cure coronavirus: London-based BenevolentAI enters clinical trials

In this regard, BenevolentAI, a London-based company that creates and applies AI and machine learning to transform the way medicines are discovered and developed has announced that baricitinib, which it identified this year as a potential treatment for COVID-19, will be entering late-stage phase 3 c…
March 12, 2020

BenevolentAI analyses approved drug as potential Covid-19 treatment

BenevolentAI has used artificial intelligence to identify and analyse an approved drug that may have potential as a coronavirus treatment.
March 05, 2020

Startup Profile: Benevolent AI

BenevolentAI is a drug development startup founded by Kev Mulvany in 2013. The company has since raised $292 million in funding. BenevolentAI is using Its artificial intelligence platform to search for a Coronavirus cure.
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BenevolentAI Blogs

April 11, 2020

Potential treatment for COVID-19 identified by BenevolentAI using artificial intelligence enters clinical testing

In response to the global coronavirus pandemic, BenevolentAI announced that baricitinib is entering clinical testing as a potential treatment for COVID-19. BenevolentAI identified the drug in recent research by using artificial intelligence and machine learning. The trial by Eli Lilly will inves…
March 17, 2020

Future Fifty: joining forces to drive forward positive change

BenevolentAI today announced it has been selected for Tech Nation’s 2020 Future Fifty cohort. In this blog, BenevolentAI’s CEO Joanna Shields reflects on how joining forces with like minded industry experts can serve as a powerful vehicle for transformation.
March 11, 2020

International Women’s Day: A Conversation with Four Female Colleagues

For International Women’s Day we hosted a fireside chat in London with four of our inspiring female colleagues to learn more about their experiences, successes and the barriers or challenges they've faced as a woman in a largely male dominated industry.
March 08, 2020

How historically neglecting sex differences have impacted women’s health.

Sex differences have historically been neglected in clinical research, design and practice. To mark International Women’s Day, we explored the implications of this ‘one size fits all’ approach to medical research and treatment for women’s health.
March 08, 2020

How historically neglecting sex differences has impacted women’s health

Sex differences have historically been neglected in clinical research, design and practice. To mark International Women’s Day, we explored the implications of this ‘one size fits all’ approach to medical research and treatment for women’s health.
March 03, 2020

Medical data: the key to unlocking the true potential of AI in healthcare

The biomedical research data-gap risks worsening health inequality, and will be exacerbated in the age of artificial intelligence if action is not taken now. In a recent panel at Benevolent, technology and healthcare experts discussed the data diversity issue and proposed solutions.
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 BenevolentAI Frequently Asked Questions

  • When was BenevolentAI founded?

    BenevolentAI was founded in 2013.

  • Who are BenevolentAI key executives?

    BenevolentAI's key executives are Ken Mulvany, Joanna Shields and Ivan Griffin.

  • How many employees does BenevolentAI have?

    BenevolentAI has 276 employees.

  • What is BenevolentAI revenue?

    Latest BenevolentAI annual revenue is £6.8 m.

  • What is BenevolentAI revenue per employee?

    Latest BenevolentAI revenue per employee is £24.7 k.

  • Who are BenevolentAI competitors?

    Competitors of BenevolentAI include LabGenius, SOM Biotech and Paige.

  • Where is BenevolentAI headquarters?

    BenevolentAI headquarters is located at 4-8 Maple St, Bloomsbury, London.

  • Where are BenevolentAI offices?

    BenevolentAI has offices in London, Babraham and Brooklyn.

  • How many offices does BenevolentAI have?

    BenevolentAI has 3 offices.