LabDAO, a decentralized autonomous organization focused on open-source drug discovery, has raised $3.6 million in a funding round co-led by Inflection.xyz and Village Global. Other participants in the funding round included North Island Ventures, Seed Club Ventures, ID Theory, Road Capital, Curve Labs, gmjp.lol, Molecule, Gnosis DAO, The LAO, Orange DAO, Beaker DAO, Spaceship DAO, and former Coinbase chief technology officer Balaji Srinivasan, among others. PLEX is the client that lets scientists interact with the Lab exchange. The service is launching with the ability to run only computational services.
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