T2 Biosystems - About the company
T2 Biosystems is a public company based in Lexington (United States), founded in 2006. It operates as a Developer of miniaturized MRI platforms for clinical diagnostics. T2 Biosystems has raised $454M in funding from investors like Polaris Partners, Flybridge Capital Partners and Flagship Pioneering. The company has 329 active competitors, including 80 funded and 48 that have exited. Its top competitors include companies like Adaptive Biotechnologies, MeMed and HaystackAnalytics.
Company Details
Developer of miniaturized MRI platforms for clinical diagnostics. The proprietary platform T2MR uses miniaturized MRIs to detect pathogens by measuring reaction changes for water molecules in the presence of magnetic fields. Also, the company has panels for bacterial septic infections, hemostasis, and Lyme disease in the pipeline.
- Website
- www.t2biosystems.com
- Email ID
- *****@t2biosystems.com
- Phone Number
- +1 **********
- Registered Address
- Lexington, Massachusetts
Key Metrics
Founded Year
2006
Location
Lexington, United States
Stage
Public
Total Funding
$454M in 11 rounds
Latest Funding Round
Investors
Ranked
10th among 329 active competitors
Annual Revenue
$7.19M as on Dec 31, 2023
Employee Count
56 as on Feb 28, 2026
Similar Companies
Exit Details
Public
Legal entities associated with T2 Biosystems
T2 Biosystems is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
T2 BIOSYSTEMS, INC. CIN: 1492674 , United States, Active | May 27, 2010 | $7.19M (As on Dec 31, 2023) | - | - |
T2 BIOSYSTEMS INC CIN: 204827488 , United States, Active | Dec 31, 1999 | - | 90 (As on Dec 31, 2024) | - |
T2 Biosystems's IPO details
T2 Biosystems got listed on Aug 08, 2014.
Click here to take a look at T2 Biosystems's IPO in detail
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T2 Biosystems's funding and investors
T2 Biosystems has raised a total funding of $454M over 11 rounds. Its first funding round was on Jan 01, 2006. Its latest funding round was a Grant (prize money) round on Mar 06, 2018 for $*****. 1 investor participated in its latest round. T2 Biosystems has 22 institutional investors.
Here is the list of recent funding rounds of T2 Biosystems:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 06, 2018 | 4875106 | Grant (prize money) | 9924148 | 7399536 | 7650766 | 9996795 |
Jan 05, 2017 | 4056232 | Conventional Debt | 3684452 | 6057251 | 1530158 | |
Sep 27, 2016 | 3472585 | Post IPO | 4183646 | 9978793 | 3576372 |
View details of T2 Biosystems's funding rounds and investors
T2 Biosystems' founders and board of directors
Founder? Claim ProfileT2 Biosystems' employee count trend
T2 Biosystems has 56 employees as of Feb 26. Here is T2 Biosystems's employee count trend over the years:
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T2 Biosystems's Competitors and alternates
Top competitors of T2 Biosystems include Adaptive Biotechnologies, MeMed and HaystackAnalytics. Here is the list of Top 10 competitors of T2 Biosystems, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Adaptive Biotechnologies 2009, Seattle (United States), Public | Provider of clinical diagnostics, and drug discovery for immune diseases | $419M | 72/100 | |
2nd | Provider of machine learning based diagnostic solutions for infectious diseases | $163M | 68/100 | ||
3rd | HaystackAnalytics 2018, Mumbai (India), Seed | Provider of genomics technology for personalized clinical decisions | $16.6M | 67/100 | |
4th | Inflammatix 2016, San Francisco (United States), Series E | Provider of diagnostic solutions for systemic infections | $191M | 64/100 | |
5th | Karius 2014, Redwood City (United States), Series C | Provider of diagnostics for identifying infectious diseases using microbial DNA | $315M | 58/100 | |
6th | Clear Labs 2014, Menlo Park (United States), Series D | Provider of food safety technologies for the identification of pathogens | $171M | 57/100 | |
7th | Seegene Technologies 2000, Seoul (South Korea), Acquired | Developer of molecular diagnostic kits to detect infectious and genetic diseases | - | 57/100 | |
8th | Developer of diagnostic solutions for sepsis and acute infections | $92.5M | 56/100 | ||
9th | Quantamatrix 2010, Seoul (South Korea), Public | Multiplexed platform for disease daignosis | $198K | 55/100 | |
10th | T2 Biosystems 2006, Lexington (United States), Public | Developer of miniaturized MRI platforms for clinical diagnostics | $454M | 55/100 |
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T2 Biosystems's Investments and acquisitions
T2 Biosystems has made no investments or acquisitions yet.
News related to T2 Biosystems
Media has covered T2 Biosystems for 1 event in last 1 year, It was about company updates.
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T2 Biosystems Announces Intent to Complete Winding Down of OperationsPR Newswire•Feb 03, 2026•T2 Biosystems
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T2 Biosystems reports preliminary Q4 product revenues of $2.3MSeeking Alpha•Jan 07, 2025•T2 Biosystems
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T2 Biosystems Announces Sale of Four T2Dx Instruments to Existing European DistributorGlobeNewswire•Dec 18, 2024•T2 Biosystems
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T2 Biosystems sells four T2Dx Instruments to European distributorSeeking Alpha•Dec 18, 2024•T2 Biosystems
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T2 Biosystems Achieves Key Milestone with 250,000th Novel Sepsis Test Shipped GloballyGlobeNewswire•Dec 17, 2024•T2 Biosystems
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