About MGI Tech
MGI Tech is a company based in Shenzhen (China) founded in 2016. It operates as a HealthTech, and Professional Services. MGI Tech has raised $1 billion across 2 funding rounds from investors including Guotai Junan Securities, IDG Capital and CPE. MGI Tech offers products and services including T1+ Sequencer, DNBSEQ™ Technology, and Stereo-seq Spatio-temporal Omics. MGI Tech operates in a competitive market with competitors including Arbor Biotechnologies, Quanterix, Biocare Medical, Merck and BioLife Solutions, among others.
- Headquarter Shenzhen, China
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Sectors
Healthcare
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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 Shenzhen Mgi Tech Co., Ltd.
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Annual Revenue
$409.62 M (USD)3.53as on Dec 31, 2024
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Net Profit
$-82.31 M (USD)1.1as on Dec 31, 2024
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EBITDA
$-27.45 M (USD)59.69as on Dec 31, 2024
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Total Equity Funding
$1 B (USD)
in 2 rounds
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Latest Funding Round
$1 B (USD), Series B
May 28, 2020
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Investors
Guotai Junan Securities
& 10 more
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Employee Count
Employee Count
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Products & Services of MGI Tech
MGI Tech offers a comprehensive portfolio of products and services, including T1+ Sequencer, DNBSEQ™ Technology, and Stereo-seq Spatio-temporal Omics. 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.
Desktop sequencer achieving Tb-level sequencing in 24 hours.
Core technology used for high-throughput genetic sequencing applications.
Tool for spatial gene expression analysis in tissues.
Funding Insights of MGI Tech
MGI Tech has successfully raised a total of $1B across 2 strategic funding rounds. The most recent funding activity was a Series B round of $1 billion completed in May 2020. 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 2
- Last Round Series B — $1.0B
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Series B - MGI Tech | Valuation | IDG Capital , CPE | |
| May, 2019 | Amount | Series A - MGI Tech | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 MGI Tech
MGI Tech has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Guotai Junan Securities, IDG Capital and CPE. 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 capital firm
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Founded Year | Domain | Location | |
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Acquisitions are targeted by CPE as a private equity firm.
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Founded Year | Domain | Location | |
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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 MGI Tech
| 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 |
Financial Statements - MGI Tech
| 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 |
Mgi Tech Comparisons
Competitors of MGI Tech
MGI Tech 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 Arbor Biotechnologies, Quanterix, Biocare Medical, Merck and BioLife Solutions, 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 |
Genomic technologies and drug discovery platforms are provided.
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| domain | founded_year | HQ Location |
Assay kits for ultra-sensitive biomarker detection are developed.
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| domain | founded_year | HQ Location |
Primary antibodies and instruments for immunohistochemistry are manufactured.
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| domain | founded_year | HQ Location |
Merck is engaged in science and technology solutions globally.
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| domain | founded_year | HQ Location |
Tissue hypothermic storage and cryopreservation freeze media are developed.
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| domain | founded_year | HQ Location |
Portfolio of products and services for life science research and clinical diagnostic markets
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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 Mgi Tech
Frequently Asked Questions about MGI Tech
When was MGI Tech founded?
MGI Tech was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is MGI Tech located?
MGI Tech is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Is MGI Tech a funded company?
MGI Tech is a funded company, having raised a total of $1B across 2 funding rounds to date.
What is the annual revenue of MGI Tech?
Annual revenue of MGI Tech is $409.62M as on Dec 31, 2024.
What does MGI Tech do?
MGI Tech is focused on the development and production of instruments, reagents, and consumables in the life sciences and biotechnology sectors. The company is dedicated to providing real-time, panoramic, and full-life-cycle digital life equipment and systems. Solutions are offered for precision medicine, precision agriculture, and precision health industries. Advanced sequencing platforms and omics technologies are developed to support research and applications in microbial genomics, public health, and environmental biodiversity. The company aims to be a core tool creator in life technology, driving innovation across multiple emerging fields.
Who are the top competitors of MGI Tech?
MGI Tech's top competitors include Arbor Biotechnologies, Biocare Medical and Merck.
What products or services does MGI Tech offer?
MGI Tech offers T1+ Sequencer, DNBSEQ™ Technology, and Stereo-seq Spatio-temporal Omics.
Who are MGI Tech's investors?
MGI Tech has 11 investors. Key investors include Guotai Junan Securities, IDG Capital, CPE, Huatai Zijin Investment, and Titanium Capital.