Last deal

$7.5M

Amount

Venture - Series Unknown

Stage

22.02.2018

Date

3

all rounds

$57.31M

Total amount

date founded

Financing round

General

About Company
Akonni Biosystems develops and manufactures genetic testing devices for complex infectious and human health diseases.

Industry

Sector :

Subsector :

founded date

01.01.2003

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Their molecular diagnostic system is based on a 3D gel drop microarray technology that can detect protein, nucleic acid, or metabolite targets. They offer both rapid, low-cost diagnostic tests and transportable test readers for point-of-care testing, as well as high-throughput screening systems capable of performing millions of tests per year. Their products have applications in other genetic testing markets, such as for food security, agricultural, environmental testing, and bio-terrorism. They also provide on-demand and fully automated ultra-rapid nucleic acid extraction products used to isolate nucleic acids from nearly any biological sample.
Contacts

Contact Email

Phone number

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People

Founders
1
Charles Daitch
Charles Daitch

Charles Daitch

Dr. Daitch is the Founder of Akonni and has served as the CEO and Board member since its inception in 2003. He has 26 years of product development experience in integrated biosensors encompassing a broad range of disciplines including chemistry, biology, biomaterials, engineering, and chemical/biological defense. He manages and leads multidisciplinary teams of scientists and engineers focused on the development of next-generation in-vitro diagnostic devices. Dr. Daitch has experience in developing a wide variety of sensor system products for remote autonomous or point-of-use detection of complex samples employing miniaturized analyte purification, and specialty biomaterials interfaced with microfabricated detection components coupled to a variety signal transduction modalities. He brings strong product development and R&D experience from the NIH/FDA, USDA, Sandia National Labs and the Intelligence Community. In addition, he has commercial senior management experience (P&L responsibility) from PSR/Veridian, CUBRC, HandyLab, and Akonni. Dr. Daitch was recruited by HandyLab Inc., a microfluidics diagnostic company, to serve on the executive management team as Vice President of R&D. Prior, Dr. Daitch launched a biodefense product development facility and business unit for PSR/Veridian Corp., a premier DOD/IC contractor, and led the growth of the operation to 24 employees and >$5M in annual revenue. As the CEO of Akonni he is responsible for 1) setting and executing strategic direction, 2) product management, 3) leading equity financing rounds (>$30M to date), managing capital, financial audits, 4) corporate governance, shareholder relations, 5) leading business development, strategic partnerships, 6) recruiting, mentoring, listening and learning from our exceptional staff, and 7) setting the company’s culture. He has 5 U.S. patents, 24 publications and served as principle investigator on over $20 million in government grants and contracts.

current job

Akonni Biosystems
Akonni Biosystems

organization founded

1

Charles Daitch

Employee Profiles
10

Brian Morra

Member of the board of advisors

Ralph Gray

Investor owner

Charles Daitch

Charles Daitch

Founder , CEO & President

Patrick Koester

Patrick Koester

Quality Technician

Lawrence Firestone

EVP & CFO

Activity

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