Chai Discovery Secures $130 Million in Series B Funding at $1.3 Billion Valuation

Chai Discovery, a biotech start-up backed byOpenAI, has raised $130 million in a Series B funding round at a $1.3 billion valuation.The round was led by General Catalyst and Oak HC/FT, with participation from Menlo Ventures, Dimension, Thrive Capital, Neo, Yosemite venture fund, and Lachy Groom.New investors Glade Brook and Emerson Collective also took part in the funding round.With this latest investment, Chai Discovery's total funding has exceeded $225 million.