About LBT Innovations
LBT Innovations is a company based in Adelaide (Australia) founded in 2004. LBT Innovations has completed 1 acquisition, including Clever Culture Systems. LBT Innovations offers products and services including APAS Independence. LBT Innovations operates in a competitive market with competitors including MaxCyte, SQZBiotech, Berkeley Lights, Gemini Bio and Fluxion Biosciences, among others.
- Headquarter Adelaide, Australia
- Stage Public
- SectorsHealthcare
- Email••••••••
- Website lbtinnovations.com
- Social LinkedIn X YouTube
- Latest Funding Round$942.18K (USD), Grant
Oct 2022
- InvestorsMTPConnect
& 1 more
- Investments & Acquisitions
Products & Services of LBT Innovations
LBT Innovations offers a comprehensive portfolio of products and services, including APAS Independence.
Automates imaging and analysis of microbiology culture plates for labs.
Apps and channels of LBT Innovations
its YouTube channel Clever Culture Systems has 35 subscribers and 18 videos.
Videos from LBT Innovations
The most watched videos on LBT Innovations's YouTube channel, Clever Culture Systems (35 subscribers). Click a video to play it here.
More on Clever Culture Systems.
Funding Insights of LBT Innovations
- Total Rounds 4
- Last Round Grant — $942,179
- First Round $400,000
(Jul 2014)
- Investors Count 2
All 4 funding rounds of LBT Innovations with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $942,179 | Grant | – | – | |
| Aug 2018 | $2.93M | Debt – Conventional | – | – | |
| Nov 2016 | $7M | Post-IPO | – | – | – |
| Jul 2014 | $400,000 | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in LBT Innovations
LBT Innovations has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include MTPConnect and SA.GOV.AU.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Australia's life sciences innovation is accelerated by MTPConnect. | – | mtpconnect.org.au | Australia | |
- | – | sa.gov.au | - |
Investor details for LBT Innovations
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of LBT Innovations
11 people are tracked at LBT Innovations (6 in leadership, 3 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Ray Ridge | Company Secretary & CFO | Leadership |
Steven Giglio | Scientific Director | Leadership |
Adam Bowden | Software Engineering Director | Leadership |
Brent Barnes | CEO & MD | Leadership |
Julie Winson | Quality & Regulatory Director | Leadership |
Tom Cosic | Program Director | Leadership |
Rebecca Wilson | Chair | Board & advisors |
Damian Lismore | Director | Board & advisors |
Brian O'Dwyer | Director | Board & advisors |
Albert Phan | Principal Microbiologist | Team |
Nelson Lee | Software Engineer | Team |
Complete people profiles for LBT Innovations
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Investments & Acquisitions by LBT Innovations
LBT Innovations has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Clever Culture Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Automated microbiology solutions for infectious disease diagnostics are developed. | cleverculturesystems.com | Zurich, Switzerland | 2013 | Dec 2021 | $2.89M |
Complete acquisition details for LBT Innovations
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Timeline of LBT Innovations
5 dated milestones of LBT Innovations across 18 years, from founding to its latest funding, stage changes and deals.
- Founded LBT Innovations is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $400K.
- Acquisition Acquires Clever Culture Systems.
- Funding Latest funding round, Grant, of $942K.
Competitors of LBT Innovations
LBT Innovations 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 MaxCyte, SQZBiotech, Berkeley Lights, Gemini Bio and Fluxion Biosciences, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| maxcyte.com | 1998 | Gaithersburg, United States | $20.69M | 71 | Instrument systems for cell processing and modification are provided. | |
| sqzbiotech.com | 2013 | Boston, United States | $167.41M | 117 | Cell therapies are developed using proprietary Cell Squeeze technology. | |
| berkeleylights.com | 2011 | Emeryville, United States | $124.72M | 267 | Microfluidics-based systems for single-cell isolation and analysis are developed. | |
| geminibio.com | 1985 | West Sacramento, United States | $5.68M | 79 | Supplement reagents for cell and gene therapy are manufactured. | |
| fluxionbio.com | 2005 | San Francisco, United States | $20.85M | – | Microfluidics-based tools for cellular analysis are provided. | |
| mytos.bio | 2016 | London, United Kingdom | $19M | 19 | Developer of automated cell culture instruments | |
| stamm.bio | 2017 | San Francisco, United States | $17.25M | – | Cell processing platforms are developed for research and industries. | |
| inceptbio.com | 2005 | Ann Arbor, United States | $3.29M | – | IVF technologies for embryo and oocyte culture are provided. | |
| unicornb.io | 2020 | Cambridge, United Kingdom | $3.2M | 5 | Bioreactors and automated systems for cell-based manufacturing are developed. | |
| thrivebio.com | 2014 | Boston, United States | $15.13M | – | Developer of smart devices for life science cell culture |
Detailed competitors of LBT Innovations
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- Full competitor set
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Latest news on Lbt Innovations
Complete news archive for LBT Innovations
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Similar companies to LBT Innovations
10 companies that operate in the same segment as LBT Innovations (Life Sciences Platforms & Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Medidata is recognized as a leading provider of SaaS solutions for clinical research. | 1999 | New York, New York, United States | USD 41.5 M | – | – | |
AI-based solutions for health management are provided. | 2015 | Dallas, Texas, United States | USD 2.8 B | – | – | |
Nanopore-based electronic systems for single-molecule analysis are developed. | 2005 | Oxford, Oxfordshire, United Kingdom | USD 1.3 B | USD 301.49 M | 1,480 | |
Real-world health data is provided for research and decisions. | 2012 | Menlo Park, California, United States | USD 259.16 M | – | – | |
Genetically modified cell lines are developed using AAV gene-editing platform. | 2007 | Cambridge, Cambridgeshire, United Kingdom | USD 46.29 M | – | – | |
Biological reagents and antibodies are developed for life science research. | 1998 | Cambridge, Cambridgeshire, United Kingdom | USD 78.8 M | – | – | |
Electron microscopy services and microanalysis instruments are provided. | 1956 | Waltham, Massachusetts, United States | – | USD 44.56 B | 125,000 | |
Novel therapeutics are discovered using an AI-enabled drug platform. | 2013 | New York, New York, United States | USD 456.66 M | USD 74.68 M | – | |
A platform for sharing and accessing academic research papers is provided. | 2008 | San Francisco, California, United States | USD 58.4 M | – | – | |
Developer of molecular diagnostic testing solutions | 1996 | Sunnyvale, California, United States | USD 19.1 M | USD 54.88 M | 208 |
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Frequently Asked Questions about LBT Innovations
LBT Innovations was founded in 2004 and raised its 1st funding round 10 years after it was founded.
LBT Innovations is headquartered in Adelaide, Australia. It is registered at Adelaide, South Australia, Australia.
LBT Innovations was founded in 2004 in Adelaide, Australia, and operates in the microbiology sector. Automated solutions based on AI are designed for the preparation and analysis of culture specimens. The initial technology, MicroSteak, handles automated streaking of culture plates. Subsequent developments include the Automated Plate Assessment System (APAS), which captures, analyzes, and interprets images of incubated plates to support workflow efficiency.
LBT Innovations's top competitors include MaxCyte, SQZBiotech and Mytos.
LBT Innovations offers APAS Independence.
LBT Innovations has made 1 acquisition, including Clever Culture Systems.
LBT Innovations has 2 investors. Key investors include MTPConnect, and SA.GOV.AU.