A leading automation company powering life sciences labs, has raised $40m to accelerate its rapid growth and industry presence across the US, UK and EMEA.
Scientific organizations are increasingly focused on the speed and flexibility of their experimentation and data collection. This is happening at the same time as they struggle to find laboratory real estate as well as finding and retaining skilled lab staff. This convergence is leading to organisations rethinking their tooling, data infrastructure and ability to experiment at scale.
Dimension led the round with participation from A.P. Moller Holding, parent company of the A.P. Moller Group and owners of, amongst other businesses, laboratory testing group Unilabs. They have invested alongside returning investors, Octopus Ventures, Hummingbird, Isomer Capital, Possible Ventures and Aldea Ventures.
This latest funding round builds on the success of the $50m Series B round raised in January 2022 which enabled the team to deliver on its initial commercialisation and expansion plans, in particular its deployment footprint in Europe and the UK and rapid growth in the US. Since the last funding round in January 2022, Automata has seen 150% revenue growth. It has also seen a 12-times increase in live system hours in customer-deployed systems.
“The last two years have been hugely exciting at Automata as we’ve seen LINQ increase the scale of customer workflows as well as meaningfully increasing their ability to generate high quality data – accelerating their pace of discovery and experimentation.
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