Page 31 - Forbes - Asia (March 2020)
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                                       Few scientists get solicited for pho-                                                                            OG
                to ops, but for Daphne Koller it’s a regular occurrence. “It
                happens at pretty much any event that has tech people,”
                Koller says. “It’s a little awkward. It’s not like I feel like this
                is something I deserve.” Selfie requests are just one sign of
                Koller’s stardom, earned from more than 20 years bridging
                computer science, biology and education.
                  She has chalked up a string of accolades: getting a mas-
                ter’s degree from Jerusalem’s Hebrew University at 18; be-        A peek inside Insitro's South San Francisco lab.
                coming a Stanford University professor focused on machine
                learning at 26; winning, nearly a decade later, a MacArthur
                “genius grant” for research that combined artificial intel-       “There are very few individuals who understand both sides
                ligence and genomics; cofounding $1 billion (valuation)           of the beast,” says Mani Subramanian, who heads liver dis-
                Coursera, a platform that offers university classes for free.     ease clinical research at Gilead. “The biology as well as the
                  The next act for this 51-year-old innovator: Insitro, a San     deep learning.”
                Francisco firm that aims to find new drugs with data. If In-        Future payouts from Gilead hang on whether Insitro can
                sitro succeeds, it will disrupt how drugs get discovered. Sci-    identify five proteins that could be targets for drugs and then
                entists typically focus on a few specific proteins as drug tar-   whether targeting those proteins leads to approved thera-
                gets—If those fail, they make suggestions for others to try.      pies for the liver disease. The contingent payments, which
                Insitro, meanwhile, wants to collect much more data be-           include revenue sharing from successful drugs, helped In-
                fore the biologists go on a hunt. It will leverage advances in    sitro earn a spot on Forbes’ inaugural AI 50 list of the most
                bioengineering and software that enables computers to see         promising AI companies.
                things that escape humans.                                          More than 20 other startups are chasing the dream of
                  Koller describes her aha moment: “Machine learning is           faster, cheaper drug discovery through AI including Nota-
                now doing amazing things if you give it enough data. We           ble Labs, with $55 million raised, and Verge Genomics, with
                finally have the opportunity to create biological data at         $36 million. Novartis has announced a five-year AI collab-
                scale.” Insitro’s computer experts and biologists work to-        oration with Microsoft, and Merck and GSK have startup
                gether to create lab experiments to produce massive cus-          partnerships as well.
                tom data sets. Machine learning models then find patterns           AI isn’t a magic bullet. “I don’t think the platform can
                to suggest new tests and potential therapies. Robotics like       be magic,” Koller says. Before Insitro can reap rewards, a
                automated pipetting machines reduce human error. With             few hundred thousand lab tests need to happen. Koller
                all this, Insitro can do experiments in a matter of weeks in-     seems undaunted, bouncing around Insitro’s office—she
                stead of years.                                                   gave away her desk chair to one of her 53 employees be-
           JILLIAN D'ONFRO FOR FORBES  Ventures, Andreessen Horowitz, Foresite Capital, Alpha-  ment. Big Pharma’s interest appears to make Insitro a like-
                                                                                  cause she never used it—to show off the latest lab equip-
                  To start Insitro, Koller raised $100 million from ARCH
                bet’s venture fund GV and Third Rock, with Jeff Bezos and
                                                                                  ly acquisition target if it hits pay dirt. But Koller says she
                others joining later—all within six months. Last April,
                                                                                  doesn’t want Insitro “swallowed into the maw” of a larger
                                                                                  organization, but instead make its own branded drugs. The
                she landed a deal with Gilead Sciences for $15 million
                                                                                  ultimate goal, she says, is one day to hear someone say: “Be-
                now with $1 billion to follow if Insitro helps find a treat-
                ment for a deadly form of nonalcoholic fatty liver disease.


                MAR CH 2020                                                       cause of you, I have my life back.”               F ORBES A SIA
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