Schrödinger Wins Investment From Gates | May 10, 2010 Issue - Vol. 88 Issue 19 | Chemical & Engineering News
Volume 88 Issue 19 | p. 21 | Concentrates
Issue Date: May 10, 2010

Schrödinger Wins Investment From Gates

Department: Business
Keywords: computational chemistry, Bill Gates

Microsoft cofounder Bill Gates has invested in the computational chemistry company Schrödinger through Cascade Investment, his investment arm. Schrödinger isn’t disclosing the size of the investment, but Gates told the Wall Street Journal that it is $10 million. Schrödinger has about 140 employees, more than half of whom are Ph.D. chemists. Its traditional business is selling chemical simulation software to drug companies. More recently, it has entered drug discovery collaborations that include milestone payments.

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