Transcriptic Pulls In $13.4M

What does Transcriptic do?

Transcriptic, is a robotic cloud lab for life science. It is a software as a service based biotech company which provides robotic solutions for bio labs. It is a new type of scientific outsourcing provider. The company has found a better way of getting lab work done. Science as a service will power the next gen of discovery, driven by large amounts of money and time. The founders were vexed of spending innumerable hours at the bench pretending to be robots that can commit errors, that are slow, they have set out at building a newsolution for the everyday process of wet lab biology.

How much Transcriptic was funded?

The company raised $13.4M in Series A on November 17, 2016 from AME Cloud Ventures, Digital Science, Data Collective and WuXi AppTec.

Previous funding

$1.2M on November 28, 2012 from Founders Fund, Techammer, GV and Silicon Badia

$2.8M on February 14, 2014 from IA Ventures, Data Collective, GV and AME Cloud Ventures

$1.75M in Series A on July, 2014 from Silicon Valley Bank

$120k on December, 2014 from Y Combinator

$8.5M in Series A on February 19, 2015 from Data Collective, AME Cloud Ventures, , IA Ventures, 500 Startups, MITS Fund, Silicon Valley Bank and Paul Buchheit

What is next for Transcriptic?

The company plans on using the latest funding raised for driving the company’s product, expansion plans and team. The company has executed experiments for individual’s researchers, large pharmaceutical businesses and institutions.

More about Transcriptic

Transcriptic was founded on February 14, 2012 by Menlo Park, California. It has its headquarters in Menlo Park, California. Its revolutionary automated molecular and cellular biology platform enables scalable life science research with precision and flexibility. This simple and convenient web interface allows biologists in controlling their science and generating data from possible anywhere on the globe.