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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.
Social
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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
Ranked
Annual Revenue
$7.19M as on Dec 31, 2023
Employee Count
56 as on Feb 28, 2026
Exit Details
Public

T2 Biosystems's IPO details

T2 Biosystems got listed on Aug 08, 2014.
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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:lockFilter this list
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
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T2 Biosystems' founders and board of directors

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T2 Biosystems' employee count trend

T2 Biosystems has 56 employees as of Feb 26. Here is T2 Biosystems's employee count trend over the years:
Employee count trend for T2 Biosystems
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Provider of clinical diagnostics, and drug discovery for immune diseases
$419M
72/100
2nd
Logo for MeMed
MeMed
2009, Tirat Carmel (Israel), Series D
Provider of machine learning based diagnostic solutions for infectious diseases
$163M
68/100
3rd
Logo for HaystackAnalytics
HaystackAnalytics
2018, Mumbai (India), Seed
Provider of genomics technology for personalized clinical decisions
$16.6M
67/100
4th
Logo for Inflammatix
Inflammatix
2016, San Francisco (United States), Series E
Provider of diagnostic solutions for systemic infections
$191M
64/100
5th
Logo for Karius
Karius
2014, Redwood City (United States), Series C
Provider of diagnostics for identifying infectious diseases using microbial DNA
$315M
58/100
6th
Logo for Clear Labs
Clear Labs
2014, Menlo Park (United States), Series D
Provider of food safety technologies for the identification of pathogens
$171M
57/100
7th
Logo for Seegene Technologies
Seegene Technologies
2000, Seoul (South Korea), Acquired
Developer of molecular diagnostic kits to detect infectious and genetic diseases
-
57/100
8th
Logo for DeepUll
DeepUll
2020, Barcelona (Spain), Series C
Developer of diagnostic solutions for sepsis and acute infections
$92.5M
56/100
9th
Logo for Quantamatrix
Quantamatrix
2010, Seoul (South Korea), Public
Multiplexed platform for disease daignosis
$198K
55/100
10th
Logo for T2 Biosystems
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

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Media has covered T2 Biosystems for 1 event in last 1 year, It was about company updates.
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FAQs about T2 Biosystems

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