About LabCyte
LabCyte is a company based in Sunnyvale (United States) founded in 2000 was acquired by Beckman Coulter in January 2019.. LabCyte has raised $33.39 million across 8 funding rounds from investors including SVB, Beckman Coulter and Credit Suisse. The company has 184 employees as of December 31, 2022. LabCyte has completed 1 acquisition, including Deerac Fluidics. LabCyte operates in a competitive market with competitors including Opentrons, Tecan, Andrew Alliance, Scienion and Flow Robotics, among others.
- Headquarter Sunnyvale, United States
- Employees 184 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 Labcyte 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
$33.39 M (USD)
in 8 rounds
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Latest Funding Round
$5 M (USD), Series D
Jan 03, 2017
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Investors
SVB
& 13 more
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Employee Count
184
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Beckman Coulter
(Jan 30, 2019)
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Funding Insights of LabCyte
LabCyte has successfully raised a total of $33.39M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $5 million completed in January 2017. 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 — $5.0M
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First Round
First Round
(01 Feb 2002)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Series D - LabCyte | Valuation |
investors |
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| May, 2015 | Amount | Debt – Conventional - LabCyte | Valuation |
investors |
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| Nov, 2013 | Amount | Grant - LabCyte | Valuation |
investors |
| 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 LabCyte
LabCyte has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Beckman Coulter and Credit Suisse. 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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Venture debt firm focused on the life sciences sector
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Founded Year | Domain | Location | |
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Early stage venture capital firm investing in US
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Founded Year | Domain | Location | |
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Early stage venture capital firm investing in the US
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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 LabCyte
LabCyte has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Deerac Fluidics. 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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Fluidic systems are engineered for scientific and research applications.
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2003 |
| 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 - LabCyte
| 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 |
Labcyte Comparisons
Competitors of LabCyte
LabCyte 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 Opentrons, Tecan, Andrew Alliance, Scienion and Flow Robotics, 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 |
Pipetting robots for laboratory automation are developed.
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| domain | founded_year | HQ Location |
Automated laboratory instruments, robotics, and diagnostic solutions are provided.
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| domain | founded_year | HQ Location |
Provider of automated liquid handling tools and software for scientific labs
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| domain | founded_year | HQ Location |
Non-contact dispensing solutions for genomics and proteomics are provided.
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| domain | founded_year | HQ Location |
AI-based robots for laboratory liquid handling automation are provided.
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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 Labcyte
Frequently Asked Questions about LabCyte
When was LabCyte founded?
LabCyte was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Where is LabCyte located?
LabCyte is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is LabCyte a funded company?
LabCyte is a funded company, having raised a total of $33.39M across 8 funding rounds to date. The company's 1st funding round was a Grant of $1M, raised on Feb 01, 2002.
How many employees does LabCyte have?
As of Dec 31, 2022, the latest employee count at LabCyte is 184.
What does LabCyte do?
LabCyte is a developer of acoustic liquid handling for life science research. Its products use acoustic energy to transfer precise amounts of fluids without touching them. This capability improves data quality and reliability, while eliminating or substantially reducing costs associated with pipette tips, reagents and waste disposal. Also, it conserves precious samples and enables highly accurate assay miniaturization, dramatically improving productivity. Labcyte products offers solutions for: High throughput and secondary screening, Cell-based and biochemical assays and ADME-Tox, Genomics Next-Gen sequencing, RT-qPCR and genotyping Proteomics-Proteinpeptide arrays, biomarkers, and protein crystallography.
Who are the top competitors of LabCyte?
LabCyte's top competitors include Opentrons, Tecan and Andrew Alliance.
How many acquisitions has LabCyte made?
LabCyte has made 1 acquisition, including Deerac Fluidics.
Who are LabCyte's investors?
LabCyte has 14 investors. Key investors include SVB, Beckman Coulter, Credit Suisse, NIH, and General Electric.
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