Cernostics - About the company
Cernostics is an acquired company based in Pittsburgh (United States), founded in 2008. It operates as a Diagnostic and prognostic tests for Esophageal Cancer. Cernostics has raised $14.2M in funding from investors like Ben Franklin Technology Partners, Novitas Capital and Pittsburgh Life Sciences Greenhouse, with last known valuation of $*****. The company has 6 active competitors, including 2 funded and 4 that have exited. Its top competitors include companies like Cyted, PAVmed and Lucid Diagnostics.
Company Details
Cernostics is focused on delivering cancer diagnostic and prognostic tests through a unique approach to tissue analysis. Cernostics’s tissue systems biology approach simultaneously evaluates immune, stromal, stem cell and tumor biomarkers on a single slide, while preserving and evaluating tissue structure. Cernostics’ lead product under development, TissueCypher Barrett’s Esophagus Assay, uses whole slide digital imaging technology to produce comprehensive risk prediction for the development of esophageal cancer in patients with Barrett’s Esophagus.
- Website
- cernostics.com
- Registered Address
- Pittsburgh, Pennsylvania
Key Metrics
Founded Year
2008
Location
Pittsburgh, United States
Stage
Acquired
Total Funding
$14.2M in 10 rounds
Latest Funding Round
Last Known Valuation
$***** as on Dec 16, 2021
Investors
Ranked
4th among 6 active competitors
Employee Count
16 as on Dec 31, 2022
Exit Details
Acquired by Castle Biosciences (Oct 22, 2021)
Legal entities associated with Cernostics
Cernostics is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Cernostics, Inc CIN: 263438110 , United States, Active | Dec 31, 1999 | - | 16 (As on Dec 31, 2021) | - |
Cernostics's acquisition details
Cernostics got acquired by Castle Biosciences on Oct 22, 2021.
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Cernostics's funding and investors
Cernostics has raised a total funding of $14.2M over 10 rounds. Its first funding round was on Nov 12, 2009. Its latest funding round was a Series B round on Mar 21, 2018 for $*****. 1 investor participated in its latest round. Cernostics has 7 institutional investors.
Here is the list of recent funding rounds of Cernostics:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 21, 2018 | 3179468 | Series B | 8162223 | 8715035 | 2452674 | 3661232 |
Aug 31, 2016 | 4980482 | Series B | 4438363 | 1486044 | 3288080 | |
Oct 29, 2015 | 9173045 | Grant (prize money) | 5838035 | 9275012 | 1138395 |
View details of Cernostics's funding rounds and investors
Cernostics' founders and board of directors
Founder? Claim ProfileCernostics' employee count trend
Cernostics has 16 employees as of Dec 22. The total employee count is 14.0% more than what it was in Dec 21. Here is Cernostics's employee count trend over the years:
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Cernostics's Competitors and alternates
Top competitors of Cernostics include Cyted, PAVmed and Lucid Diagnostics. Here is the list of Top 10 competitors of Cernostics, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cyted 2018, Cambridge (United Kingdom), Series B | Leader in non-endoscopic diagnostics for digestive health, enabling early disease detection and access to care for all | $50.4M | 57/100 | |
2nd | PAVmed 2014, New York City (United States), Public | Developer of medical devices and biomarkers to detect various diseases | $845K | 53/100 | |
3rd | Lucid Diagnostics 2018, New York City (United States), Public | Developer of diagnostic kit for oesophagal cancer | - | - | 53/100 |
4th | Cernostics 2008, Pittsburgh (United States), Acquired | Diagnostic and prognostic tests for Esophageal Cancer | $14.2M | 49/100 | |
5th | BeamLine Diagnostics 2015, London (United Kingdom), Deadpooled | Provider of bedside pre-screening technology for cancer | $1.08M | 38/100 | |
6th | Previse 2018, Baltimore (United States), Acquired | Provider of diagnostic tests for the detection of cancer | $5.39M | 35/100 | |
7th | Capsulomics 2018, Baltimore (United States), Seed | Developer of methylation based diagnostic tests for esophageal cancer risk | $50K | 25/100 | |
8th | CapNostics 2013, Newtown Square (United States), Acqui-Hired | FDA cleared swallowable screening device for endoscopic procedures. | - | 16/100 |
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Cernostics's Investments and acquisitions
Cernostics has made no investments or acquisitions yet.
Reports related to Cernostics
Here is the latest report on Cernostics's geography:
News related to Cernostics
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Castle Biosciences Completes Acquisition of CernosticsBusiness Wire•Dec 06, 2021•Cernostics, Castle Biosciences
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Castle Biosciences shares surge over 20% on deal to acquire CernosticsSeeking Alpha•Oct 25, 2021•Tissue Cypher, Castle Biosciences, Cernostics
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