Ultima Genomics
Gene sequencing company aiming to reduce the cost of sequencing a human genome to $100 using novel high-throughput sequencing technology. Raised approximately $600 million in venture capital.
Notes
Ultima Genomics is a gene sequencing company focused on dramatically reducing the cost of genome sequencing. The company is headquartered in Fremont, California.
Ultima exited stealth mode in June 2022 with approximately $600 million in venture capital funding and an ambitious goal: to reduce the cost of sequencing a human genome to $100. The company's novel sequencing approach uses a flow-based technology that differs from existing sequencing platforms.
Key innovations include:
- Novel sequencing chemistry
- High-throughput flow cell design
- Cost-efficient reagent consumption
- Scalable architecture
The $100 genome would represent a significant milestone in making genomic sequencing accessible for routine clinical use.
Team
- Gilad Almogy, Ph.D. - Co-founder & Chief Executive Officer
- LinkedIn: linkedin.com/in/giladalmogy
Additional Research Findings
- Raised approximately $600 million in venture capital (June 2022)
- Investors: General Atlantic, Andreessen Horowitz, D1 Capital, Khosla Ventures, Lightspeed Venture Partners, aMoon, Playground Global, Founders Fund
- $100 genome goal
- High-throughput sequencing technology
- Fremont, California headquarters
- Founded in 2016
Sources
Investors
| Name | Location | Type | Stages | Portfolio |
|---|---|---|---|---|
| Andreessen Horowitz (a16z) | Menlo Park, USA | generalist | seedseries-a+3 | 1 |
| Khosla Ventures | Menlo Park, California, USA | generalist | seedseries-a+3 | 2 |
| General Atlantic | New York, New York, USA | pe | growth | 1 |
| D1 Capital Partners | New York, USA | generalist | series-cgrowth | 1 |
| Lightspeed Venture Partners | Menlo Park, California, USA | generalist | seedseries-a+3 | 3 |
| aMoon | Tel Aviv, Israel | biotech-focused | series-aseries-b+2 | 8 |
| Playground Global | - | generic | - | 1 |
| Founders Fund | San Francisco, California, USA | generalist | seedseries-a+3 | 1 |