About Genalyte
Genalyte is a company based in San Diego (United States) founded in 2007.. Genalyte has raised $141.8 million across 7 funding rounds from investors including Samsara, Verily and Khosla Ventures. The company has 113 employees as of December 31, 2022. Genalyte has completed 1 acquisition, including BaseHealth. Genalyte offers products and services including Merlin. Genalyte operates in a competitive market with competitors including Enumera Molecular, Lyfas, Attomarker, Adsys and Kanichi Research Services, among others.
- Headquarter San Diego, United States
- Employees 113 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Genalyte, 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
$141.8 M (USD)
in 7 rounds
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Latest Funding Round
$50 M (USD), Series E
Jan 11, 2021
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Investors
Samsara
& 11 more
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Employee Count
113
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Genalyte
Genalyte offers a comprehensive portfolio of products and services, including Merlin. 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.
Device for rapid automated lab testing with real-time results.
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Funding Insights of Genalyte
Genalyte has successfully raised a total of $141.8M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in January 2021. 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 7
- Last Round Series E — $50.0M
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First Round
First Round
(30 Mar 2012)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series E - Genalyte | Valuation | Verily | |
| Nov, 2016 | Amount | Series D - Genalyte | Valuation | Khosla Ventures , Redmile Group |
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| Aug, 2015 | Amount | Series C - Genalyte | Valuation | Khosla Ventures |
| 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 Genalyte
Genalyte has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Samsara, Verily and Khosla Ventures. 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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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Late-stage life sciences investments are managed via VC and PE.
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital firm investing in digital solutions for healthcare and energy industries.
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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 Genalyte
Genalyte has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BaseHealth. 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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Genomics-driven personalized health risks and recommendations are provided.
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2011 |
| 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 - Genalyte
| 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 |
Genalyte Comparisons
Competitors of Genalyte
Genalyte 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 Enumera Molecular, Lyfas, Attomarker, Adsys and Kanichi Research Services, 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 |
Liquid biopsy tools are developed for biomolecule assessment.
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| domain | founded_year | HQ Location |
Provider of AI-based predictive and preventive digital health test and home remedy
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| domain | founded_year | HQ Location |
Provider of at-home Covid diagnostic testing services
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| domain | founded_year | HQ Location |
Provider of AI-based device for rapid blood diagnosis
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| domain | founded_year | HQ Location |
Develops sensors for medical diagnosis through breath analysis.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Genalyte
Frequently Asked Questions about Genalyte
When was Genalyte founded?
Genalyte was founded in 2007 and raised its 1st funding round 5 years after it was founded.
Where is Genalyte located?
Genalyte is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is Genalyte a funded company?
Genalyte is a funded company, having raised a total of $141.8M across 7 funding rounds to date. The company's 1st funding round was a Series C of $44M, raised on Mar 30, 2012.
How many employees does Genalyte have?
As of Dec 31, 2022, the latest employee count at Genalyte is 113.
What does Genalyte do?
Genalyte was founded in 2007 in San Diego, United States, focusing on biotechnology for clinical and life science applications. Next-generation multiplexing technology is developed and commercialized, utilizing silicon chip manufacturing for immunodetection. The Maverick platform employs silicon photonics to measure antibody-antigen binding and nucleic acid hybridization. Instruments support autoimmune disease monitoring, cancer biomarker screening, infectious agent testing, and anti-drug antibody detection, with the first launch occurring in 2012.
Who are the top competitors of Genalyte?
Genalyte's top competitors include Lyfas, Attomarker and Adsys.
What products or services does Genalyte offer?
Genalyte offers Merlin.
How many acquisitions has Genalyte made?
Genalyte has made 1 acquisition, including BaseHealth.
Who are Genalyte's investors?
Genalyte has 12 investors. Key investors include Samsara, Verily, Khosla Ventures, HHS, and National Cancer Institute.