# Mindstate Design Labs: Biotechnology, San Francisco, United States

> Mindstate Design Labs: Mindstate Design Labs is a clinical-stage AI neuroengineering and pharmaceutical company founded in 2021, based in South San...

Source: https://millionrounds.com/startup/mindstate-design-labs (Millionrounds; every figure on the page links to its filing or article)

United States · [Biotechnology startup](https://millionrounds.com/companies)

# Mindstate Design Labs

Mindstate Design Labs is a clinical-stage AI neuroengineering and pharmaceutical company founded in 2021, based in South San Francisco, California, with additional operations in Pi

Funding reported Last round: Seed

Biotechnology San Francisco, United States

Company summary

- **Founded:** 2021 5 years old
- **Team:** 25 11 to 50 people
- **Funding reported:** $12M in dollars
- **Last round:** Seed Jan 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Mindstate Design Labs has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Mindstate Design Labs

Mindstate Design Labs is a clinical-stage AI neuroengineering and pharmaceutical company founded in 2021, based in South San Francisco, California, with additional operations in Pi

ttsburgh, Pennsylvania. The company focuses on developing precision-designed psychedelic-inspired therapeutics to address the mental health crisis. By utilizing artificial intelligence, Mindstate maps the biological basis of psychedelic experiences to engineer novel small-molecule drugs that create specific therapeutic mindstates without unwanted hallucinations. The company's lead program, MSD-001, is currently in human Phase 1 clinical trials and aims to produce heightened emotional and cognitive flexibility. Mindstate's proprietary AI platform, Osmanthus, synthesizes extensive datasets to design psychoactive compounds that yield repeatable, therapeutically valuable states of mind. Mindstate primarily serves the mental health therapeutics sector, targeting healthcare institutions and patients with challenging mental health conditions. Their vision is to provide therapeutically valuable emotions in pharmaceutical form, offering a targeted alternative to traditional mental health treatments.

## What company datasets say Mindstate Design Labs raised

Funding, as reported

Reported in all **$12M** in dollars

Rounds **3**

Last round **Seed**

Last round date **Jan 2023**

Investors listed **21**

Y Combinator **S21**

## Founders and team

From Mindstate Design Labs's own website: 1 founder, 5 on the team.

**Dillan DiNardo** Co-Founder + CEO

- **Antonio Socorro** Head of Drug Product + Formulation
- **Jasminder Soto** Head of Clinical Operations
- **Josie Kins** Head of Business Development
- **Michael Hoyos** Head of Business Development
- **Tegan Johnson** Senior Director of Operations

Advisers *Andrew Hessel*

## On 5 portfolio pages

Investors who name them

- [Immeasurable](https://millionrounds.com/fund/immeasurable)
- [Phyto Partners](https://millionrounds.com/fund/phyto-partners)
- [PsyMed Ventures](https://millionrounds.com/fund/psymed-ventures)
- [DMZ Financials](https://millionrounds.com/fund/dmz-financials)
- [Mystic Ventures](https://millionrounds.com/fund/mystic-ventures)

Each firm lists Mindstate Design Labs on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

neurotransmitter mapping health care neuroscience data analysis emotional modulation ai mapping of psychoactive effects data science neuropharmacology modeling psychoactive effects pharmacology psychedelic drug development information technology & services psychedelic effect taxonomy large language models data management psychedelic compounds ai platform

Built with from their website

Google Workspace Viewport Meta webpack Webflow Hosting AI Google Meet Priority Hints React Google Font API Mobile Friendly

+8 more

Vercel Open Graph jQuery Swiper Next.js Google Analytics Cloudflare Rocket Loader GoDaddy Domains

- **Sector:** Biotechnology
- **Industry code:** NAICS 541714, 325412, SIC 2834, 8731
- **Region:** California
- **Revenue:** $1.0M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/mindstate-design-labs)

## Biotechnology in United States

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- [**National Resilience** founded 2020 *Raised*](https://millionrounds.com/company/national-resilience)
- [**CREATE Medicines** Cambridge · founded 2019 *Raised*](https://millionrounds.com/company/create-medicines)
- [**AusperBio Therapeutics** Startup *Raised*](https://millionrounds.com/company/ausperbio-therapeutics)
- [**City Therapeutics** Startup *Raised*](https://millionrounds.com/company/city-therapeutics)
- [**Nohla Therapeutics** Seattle · founded 2015 *Raised*](https://millionrounds.com/company/nohla-therapeutics)
- [**Genapsys** Redwood City · founded 2010 *Raised*](https://millionrounds.com/company/genapsys)
- [**Proxima Bio** Startup *Raised*](https://millionrounds.com/company/proxima-bio)
- [**Infinimmune** Alameda · founded 2022 *Raised*](https://millionrounds.com/company/infinimmune)

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