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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.
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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
Ranked
Employee Count
184 as on Dec 31, 2022
Investment & Acquisitions
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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:lockFilter this list
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
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LabCyte's founders and board of directors

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LabCyte'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:
Employee count trend for LabCyte
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Tecan
Tecan
1980, Mannedorf (Switzerland), Public
Provider of a automated laboratory instruments and solutions
-
66/100
2nd
Logo for Opentrons
Opentrons
2013, Brooklyn (United States), Series C
Developer of pipetting robot for lab automation
$261M
61/100
3rd
Logo for LabCyte
LabCyte
2000, Sunnyvale (United States), Acqui-Hired
Developer of accoustic liquid handling for the life science research
$33.4M
48/100
4th
Logo for Andrew Alliance
Andrew Alliance
2011, Vernier (Switzerland), Acquired
Provider of automated liquid handling tools and software for scientific labs
$14M
45/100
5th
Logo for Gilson
Gilson
1940, Middleton (United States), Funding Raised
Provider of liquid handling, purification, and extraction solutions for life science laboratories
-
45/100
6th
Logo for Drummond Scientific
Drummond Scientific
1997, Broomall (United States), Unfunded
Micro liquid transfer devices manufacturers
-
-
43/100
7th
Logo for Flow Robotics
Flow Robotics
2015, Copenhagen (Denmark), Series A
Provider of an AI-based laboratory automation robot system for liquid handling
$17.1M
42/100
8th
Logo for Microfluidics
Microfluidics
2008, Charlottesville (United States), Acquired
Microfluidics based DNA extraction system for forensic biology
-
-
39/100
9th
Logo for Integra Biosciences
Integra Biosciences
1965, Zizers (Switzerland), Unfunded
Provider of laboratory tools for liquid handling and media preparation
-
-
39/100
10th
Logo for Scienion
Scienion
2000, Berlin (Germany), Acquired
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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•
Labcyte Introduces the Echo 650 and 655 Liquid HandlersBusiness Wire•Oct 16, 2018•LabCyte
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FAQs about LabCyte

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