{"changes":[],"country":"US","description":"Formation Bio is a tech-enabled biopharma in-licensing clinical-stage assets and using AI plus automated operations to run trials faster. Patients, partner pharma, and ultimately healthcare systems benefit from compressed timelines and lower trial costs. The company runs its own clinical-development operations rather than outsourcing to CROs.","domain":"formation.bio","employees":null,"founded":2016,"fundingTotalQuarantined":false,"githubOrg":null,"githubStars":null,"industry":"biotech|ai|pharma","investors":["a16z"],"lat":40.712728,"lng":-74.006015,"location":"New York NY","name":"Formation Bio","rounds":[{"amountQuarantined":false,"amountUsd":372000000,"currency":"USD","date":"2024-06-01","investors":["a16z"],"leadInvestor":"a16z","source":{"fact":"round","publisher":"crunchbase","retrievedAt":"2026-05-05","status":"attributed","url":null},"status":"attributed","type":"series-d+","url":null}],"slug":"formation-bio","sources":[{"fact":"round","publisher":"crunchbase","retrievedAt":"2026-05-05","status":"attributed","url":null},{"fact":"existence","publisher":"formation.bio","retrievedAt":"2026-05-05","status":"self-reported","url":"https://formation.bio"},{"fact":"description","publisher":"formation.bio","retrievedAt":"2026-05-05","status":"self-reported","url":"https://formation.bio"}],"stage":"series-b+","techStack":["Vercel","Next.js","Afterpay","Sanity","Sanity.io","PHP","React","Webpack","@stripe/stripe-js"],"totalRaisedUsd":372000000,"updatedAt":"2026-05-05"}