About Advion
Advion is a company based in Ithaca (United States) founded in 1993 was acquired by Quintiles in February 2012.. Advion has raised $45.64 million across 8 funding rounds from investors including Skyline Ventures, Polaris Partners and IQVIA. Advion has completed 1 acquisition, including Interchim. Advion offers products and services including ex press ion CMS, AVANT HPLC, and SOLATION ICP-MS. Advion operates in a competitive market with competitors including 908 Devices, BioAgilytix, Refeyn, Alderley Analytical and Tentamus, among others.
- Headquarter Ithaca, United States
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Sectors
HealthcareTechnology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Advion, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.64 M (USD)
in 8 rounds
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Latest Funding Round
$1.5 M (USD), Series D
Jun 25, 2014
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Investors
Skyline Ventures
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Quintiles
(Feb 01, 2012)
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Products & Services of Advion
Advion offers a comprehensive portfolio of products and services, including ex press ion CMS, AVANT HPLC, and SOLATION ICP-MS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Compact mass spectrometer for real-time chemical analysis in labs.
High-performance liquid chromatography system for compound separation.
ICP-MS solution for multi-element detection in scientific testing.
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Funding Insights of Advion
Advion has successfully raised a total of $45.64M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $1.5 million completed in June 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $1.5M
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First Round
First Round
(07 May 2002)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Debt – Conventional - Advion | Valuation |
investors |
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| Jun, 2014 | Amount | Series D - Advion | Valuation |
investors |
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| Nov, 2013 | Amount | Series D - Advion | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Advion
Advion has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Skyline Ventures, Polaris Partners and IQVIA. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US life sciences companies are invested in by Skyline Ventures.
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Founded Year | Domain | Location | |
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US focused venture capital firm
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Founded Year | Domain | Location | |
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Healthcare advancements are driven by IQVIA through connected intelligence.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Advion
Advion has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Interchim. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of consumables and instruments for research and industry.
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1970 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Advion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Advion Comparisons
Competitors of Advion
Advion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 908 Devices, BioAgilytix, Refeyn, Alderley Analytical and Tentamus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Handheld chemical detection devices are manufactured using mass spectrometry.
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| domain | founded_year | HQ Location |
Large-molecule bioanalysis is provided for biologics and biosimilars development.
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| domain | founded_year | HQ Location |
Single molecular mass measurement technology is developed for biomolecules.
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| domain | founded_year | HQ Location |
Bioanalytical assays for drug development are developed and validated.
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| domain | founded_year | HQ Location |
Analytical and quality assurance services are provided for diverse industries.
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| domain | founded_year | HQ Location |
Preclinical and clinical drug development CRO with proprietary in-house Biomarker platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Advion
Frequently Asked Questions about Advion
When was Advion founded?
Advion was founded in 1993 and raised its 1st funding round 9 years after it was founded.
Where is Advion located?
Advion is headquartered in Ithaca, United States. It is registered at Ithaca, New York, United States.
Is Advion a funded company?
Advion is a funded company, having raised a total of $45.64M across 8 funding rounds to date. The company's 1st funding round was a Series D of $9.18M, raised on May 07, 2002.
What does Advion do?
Advion Biosciences, a spin-off from the Cornell University, is engaged in the development and manufacture of innovative products based on microfluidics and mass spectrometry for life science research and clinical development. The companys proprietary products are expression CMS (Compact Mass Spectrometer), Chip-Mate (a nano-LC ion source), NanoTek(microfluidics flow-chemistry system used for probe synthesis for imaging), Triversa NanoMate(Chip-based electrospray ionization). These products have applications such as reaction monitoring, protein assays, biomarkers and peptide synthesis, PET chemistry, lipid analysis and metabolite identification, radiopharmaceutical research and production. The company has sales and support offices in North America, Europe, and Japan. Advion Bioservices bioanalytical services division was sold off to Quintiles in 2011.
Who are the top competitors of Advion?
Advion's top competitors include 908 Devices, Alderley Analytical and BioAgilytix.
What products or services does Advion offer?
Advion offers ex press ion CMS, AVANT HPLC, and SOLATION ICP-MS.
How many acquisitions has Advion made?
Advion has made 1 acquisition, including Interchim.
Who are Advion's investors?
Advion has 3 investors. Key investors include Skyline Ventures, Polaris Partners, and IQVIA.
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