LabCyte - About the company
LabCyte is an acqui-hired company based in Sunnyvale (United States), founded in 2000. It operates as a Developer of accoustic liquid handling for the life science research. LabCyte has raised $33.4M in funding from General Electric. The company has 70 active competitors, including 9 funded and 17 that have exited. Its top competitors include companies like Tecan, Opentrons and Andrew Alliance.
Company Details
LabCyte is a developer of acoustic liquid handling for life science research. Its products use acoustic energy to transfer precise amounts of fluids without touching them. This capability improves data quality and reliability, while eliminating or substantially reducing costs associated with pipette tips, reagents and waste disposal. Also, it conserves precious samples and enables highly accurate assay miniaturization, dramatically improving productivity. Labcyte products offers solutions for: High throughput and secondary screening, Cell-based and biochemical assays and ADME-Tox, Genomics ‒ Next-Gen sequencing, RT-qPCR and genotyping Proteomics-Protein/peptide arrays, biomarkers, and protein crystallography.
- Website
- labcyte.com
- Registered Address
- Sunnyvale, California
Key Metrics
Founded Year
2000
Location
Sunnyvale, United States
Stage
Acqui-Hired
Total Funding
$33.4M in 8 rounds
Latest Funding Round
Investors
Ranked
3rd among 70 active competitors
Employee Count
184 as on Dec 31, 2022
Investment & Acquisitions
Legal entities associated with LabCyte
LabCyte is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Labcyte Inc. CIN: 200348748 , United States, Active | Dec 26, 999 | - | 184 (As on Dec 31, 2018) | - |
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LabCyte's funding and investors
LabCyte has raised a total funding of $33.4M over 8 rounds. Its first funding round was on Feb 2002. LabCyte has 19 institutional investors.
Here is the list of recent funding rounds of LabCyte:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 03, 2017 | 1159271 | Series D | 7095312 | 5121112 | 9884505 | 7187352 |
May 05, 2015 | 1371936 | Conventional Debt | 9416938 | 7255405 | 5219188 | |
Nov 20, 2013 | 8781646 | Grant (prize money) | 2921282 | 4348009 | 6228522 |
View details of LabCyte's funding rounds and investors
LabCyte's founders and board of directors
Founder? Claim ProfileLabCyte's employee count trend
LabCyte has 184 employees as of Dec 22. The total employee count is 8.0% more than what it was in Dec 21. Here is LabCyte's employee count trend over the years:
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LabCyte's Competitors and alternates
Top competitors of LabCyte include Tecan, Opentrons and Andrew Alliance. Here is the list of Top 10 competitors of LabCyte, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Tecan 1980, Mannedorf (Switzerland), Public | Provider of a automated laboratory instruments and solutions | - | 66/100 | |
2nd | Opentrons 2013, Brooklyn (United States), Series C | Developer of pipetting robot for lab automation | $261M | 61/100 | |
3rd | LabCyte 2000, Sunnyvale (United States), Acqui-Hired | Developer of accoustic liquid handling for the life science research | $33.4M | 48/100 | |
4th | Andrew Alliance 2011, Vernier (Switzerland), Acquired | Provider of automated liquid handling tools and software for scientific labs | $14M | 45/100 | |
5th | Gilson 1940, Middleton (United States), Funding Raised | Provider of liquid handling, purification, and extraction solutions for life science laboratories | - | 45/100 | |
6th | Drummond Scientific 1997, Broomall (United States), Unfunded | Micro liquid transfer devices manufacturers | - | - | 43/100 |
7th | Flow Robotics 2015, Copenhagen (Denmark), Series A | Provider of an AI-based laboratory automation robot system for liquid handling | $17.1M | 42/100 | |
8th | Microfluidics 2008, Charlottesville (United States), Acquired | Microfluidics based DNA extraction system for forensic biology | - | - | 39/100 |
9th | Integra Biosciences 1965, Zizers (Switzerland), Unfunded | Provider of laboratory tools for liquid handling and media preparation | - | - | 39/100 |
10th | Solutions for the genomics and proteomics industry | $5.67M | 38/100 |
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LabCyte's Investments and acquisitions
LabCyte has acquired Deerac Fluidics. LabCyte has not made any investments as of now.Reports related to LabCyte
Here is the latest report on LabCyte's sector:
News related to LabCyte
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Collaboration of Four Biotech Companies Showcases High Throughput DNA Assembly Platform for Diverse ApplicationsBusiness Wire•May 23, 2019•Arzeda, TeselaGen, LabCyte, Twist Bioscience
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Beckman Coulter Life Sciences Acquires Labcyte To Expand Laboratory Automation BusinessPR Newswire•Jan 30, 2019•LabCyte, Beckman Coulter Life Sciences
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Irish investors in the money after sale of US nanotech LabcyteThe Irish Times•Jan 30, 2019•LabCyte, Enterprise Ireland, Beckman Coulter
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Beckman Coulter Expands Lab Automation Business with Labcyte AcquisitionGEN•Jan 30, 2019•Beckman Coulter, LabCyte
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Labcyte to Support GP-write Project Under New Agreement With Center of Excellence for Engineering BiologyBusiness Wire•Jul 17, 2018•Engineeringbiologycenter, LabCyte
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Labcyte Reaches Agreement With Merck to Supply Acoustic-Mass Spectrometry EquipmentBusiness Wire•Apr 17, 2018•LabCyte, Merck
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Labcyte Acoustic Liquid Handlers Named Top Product in Lab Automation Conference AwardsBusiness Wire•Feb 12, 2018•LabCyte
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Labcyte Launches New Family of Echo® Acoustic Liquid Handlers featuring 21 CFR Part 11 Compliance SoftwareBusiness Wire•Feb 05, 2018•LabCyte
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