Last deal

$85M

Amount

Post-IPO Equity

Stage

17.08.2023

Date

3

all rounds

$1.96B

Total amount

date founded

Financing round

General

About Company
Pacific Biosciences designs and manufactures sequencing systems to resolve genetically complex problems.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Nanofluidics

founded date

01.01.2004

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

Their single molecule real-time (SMRT) sequencing technology enables real-time detection of biological processes. They offer PacBio RS II and Sequel Systems for monitoring and analyzing single molecule biochemical reactions. They also provide consumable products such as SMRT cells and reagent kits. Pacific Biosciences' customers include research institutions, commercial laboratories, genome centers, and pharmaceutical and agricultural companies. They market their products through a direct sales force in North America and Europe, as well as through distribution partners in Asia, the Middle East, and Latin America. Their headquarters is in Menlo Park, California. They are passionate about developing products that empower scientists to explore the full spectrum of genetic variation in any organism.
Contacts

Contact Email

Phone number

Social url

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Their latest funding was raised on 17.08.2023. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
17.08.2023
$85M
26.06.2023
$441M
24.01.2023
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3

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Number of investors

Investor 
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Round 
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No
Series E
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People

Founders
2
Joseph Bonventre
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Joseph Bonventre is Samuel A. Levine Professor of Medicine Harvard Medical School. He is also Chief of the Renal Division of the Brigham and Women’s Hospital (BWH), Chief of the BioMedical Engineering Division at the BWH, and former Associate Director and then Co-Director of the Harvard-MIT Division of Health Sciences and Technology. Joseph Bonventre is Past-President of the American Society of Nephrology. Joseph Bonventre received his BS with distinction from Cornell in 1970 in Engineering Physics and MD and Ph.D. degrees in Biophysics from Harvard University in 1976 and 1979, respectively. He has honorary doctorate degrees from Mt. Saint Mary’s College and from the Norwegian Institute of Science and Technology in Norway. His research focuses primarily on the study of kidney injury and repair, with special emphasis on the role of biomarkers, inflammation and stem cells. Joseph Bonventre has received two MERIT awards from the National Institutes of Diabetes and Digestive Disorders. He has been elected to the American Society of Clinical Investigation, the Association of American Physicians and the American Institute for Medical and Biological Engineering. He is editor of Seminars in Nephrology. He serves as an advisor to many academic institutions, pharmaceutical companies and biotechnology companies. He is co-founder of Patientkeeper, Inc and Pacific Biosciences Inc. Joseph Bonventre is past-president of the Massachusetts, Rhode Island, New Hampshire and Vermont affiliate and has received that chapter’s Outstanding Physician Award. He is a founder and member of the Board of Directors of the National Space Biology Research Institute and is an Emeritus member of the Board of Advisors of the Dean, School of Engineering of Cornell University.

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Stephen Turner
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Stephen Turner

Dr. Turner founded Pacific Biosciences (formerly Nanofluidics) and secured its Series A funding in 2004. He was awarded a Ph.D. in Physics by Cornell University in 2000, where he worked with Prof. Harold Craighead to study the behavior of biomolecules in nano-fabricated structures. His work contributed to the establishment of the Nanotechnology Center at Cornell. He was a member of the project team at Cornell which developed the technology now employed by Pacific Biosciences and was co-author of the cover story in Science magazine (January 31, 2003) that introduced the technology to the scientific community. Dr. Turner's undergraduate work was at the University of Wisconsin, Madison, where he received a Bachelor of Science in Applied Mathematics, Electrical Engineering and Physics. He is the author of over 30 scientific papers in fields ranging from nanofluidics, genetics, cell attachment to chemically- and topographically- modified surfaces, x-ray lithography and process modeling. He is listed as the inventor on nine U.S. patents and more than 20 published patent applications. Dr. Turner was recipient of the MIT Technology Review "TR100" Award in 2003 and the University of Wisconsin Madison Distinguished Young Alumnus Award in 2008. He is a sitting member of the National Institutes of Health grant review study section on new technologies. He oversees the scientific and technical direction of Pacific Biosciences.

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Stephen Turner

Employee Profiles
160
Richard Shen

Richard Shen

Senior Vice President R&D

Catherine Ball

Catherine Ball

Senior Vice President Research

Christian O. Henry

Christian O. Henry

CEO & President

Helena Kuftinec

Marketing specialist, strategic marketing

Rex Ruperti

Manufacturing senior technician

Kristofor Nyquist

Staff scientist

Arghavan Arjmand

Staff photonic chip design engineer

Tuong Lam

Senior manager, business systems

Activity

Recent News
3
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