3 years ago
Automata Secures $50 Million to Advance Lab Automation Solutions
London-based lab automation company Automata has raised $50 million in a Series B funding round led by Octopus Ventures
The company offers a software platform and a robotic arm to automate lab processes, aiming to improve efficiency and shorten turnaround times for scientists
The funding will be used to further develop their technology and expand their reach in the diagnostics, drug discovery, and biotech sectors.
ProblemTechnology
"Scientists and clinicians have to work with overly complex lab solutions: equipment and software are disjointed and difficult to orchestrate, while solutions are often too rigid and inappropriate for labs with small geographic footprints."
Solution
"Automata offers a software platform to make laboratory workflows more efficient and a robotic arm for carrying out highly precise and repeatable tasks that can be linked to automate lab processes from start to finish, shortening turnaround times so scientists can spend more time conducting analysis."