2026-08-14
This ranking tracks 50 private biotechs that announced or disclosed financing between January 1 and August 12, 2026, based on cumulative equity raised. Isomorphic Labs, despite raising $2.7 billion, is excluded due to Alphabet's majority control, leaving Rakuten Medical at the top with over $809 million. Earendil Labs ($787M) and NewLimit ($760M) round out the top three, focusing on AI-driven biologics and longevity medicine, respectively.