Parabricks Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 5

Employees

  • Latest Deal Type
  • M&A

  • Investors
  • 1

Parabricks General Information

Description

Developer of GPU-based bioinformatics software designed for analyses of next-generation sequencing data. The company's fast, low-cost genomic analysis in the cloud or with on-premise servers accelerated genome processing allows whole-genome sequencing in mere minutes at a fraction of the cost, enabling the healthcare sector to result in high throughput and high-speed turnaround at reduced costs.

Contact Information

Website
www.parabricks.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 2985 Hickory Lane
  • Ann Arbor, MI 48104
  • United States
Primary Industry
Other Healthcare Technology Systems
Acquirer
NVIDIA
Vertical(s)
HealthTech, Life Sciences
Corporate Office
  • 2985 Hickory Lane
  • Ann Arbor, MI 48104
  • United States

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Parabricks Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 17-Dec-2019 Completed Generating Revenue
7. Grant 17-Sep-2018 Completed Product In Beta Test
6. Seed Round 01-Jul-2018 Completed Product In Beta Test
5. Early Stage VC 31-May-2018 Completed Product In Beta Test
4. Accelerator/Incubator 01-Jan-2018 Completed Product In Beta Test
3. Grant 01-Jan-2018 Completed Product In Beta Test
2. Grant 31-May-2015 $50K Completed Startup
1. University Spin-Out 01-Jan-2015 Completed Startup
To view Parabricks’s complete valuation and funding history, request access »

Parabricks Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of GPU-based bioinformatics software designed for analyses of next-generation sequencing data. The company's f
Other Healthcare Technology Systems
Ann Arbor, MI
5 As of 2018

Ann Arbor, MI
 

San Francisco, CA
 
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Parabricks Competitors (2)

One of Parabricks’s 2 competitors is GENE CODES, a Corporation company based in Ann Arbor, MI.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
GENE CODES Corporation Ann Arbor, MI
DNAnexus Venture Capital-Backed San Francisco, CA
You’re viewing 2 of 2 competitors. Get the full list »

Parabricks Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Parabricks Former Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds
Ann Arbor SPARK Accelerator/Incubator
Innovation Partnerships Venture Capital Minority
Invest Detroit Ventures Corporate Venture Capital Minority
Invest Michigan Venture Capital Minority
Michigan Biomedical Venture Fund Venture Capital Minority
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Parabricks FAQs

  • When was Parabricks founded?

    Parabricks was founded in 2015.

  • Where is Parabricks headquartered?

    Parabricks is headquartered in Ann Arbor, MI.

  • What is the size of Parabricks?

    Parabricks has 5 total employees.

  • What industry is Parabricks in?

    Parabricks’s primary industry is Other Healthcare Technology Systems.

  • Is Parabricks a private or public company?

    Parabricks is a Private company.

  • What is Parabricks’s current revenue?

    The current revenue for Parabricks is .

  • How much funding has Parabricks raised over time?

    Parabricks has raised $950K.

  • Who are Parabricks’s investors?

    Ann Arbor SPARK, Innovation Partnerships, Invest Detroit Ventures, Invest Michigan, and Michigan Biomedical Venture Fund are 5 of 6 investors who have invested in Parabricks.

  • Who are Parabricks’s competitors?

    GENE CODES and DNAnexus are competitors of Parabricks.

  • When was Parabricks acquired?

    Parabricks was acquired on 17-Dec-2019.

  • Who acquired Parabricks?

    Parabricks was acquired by NVIDIA.

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