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Founded Year

2021

Stage

Seed VC - II | Alive

Total Raised

$2.5M

Last Raised

$2.5M | 18 days ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+220 points in the past 30 days

About Algorithmic Biologics

Algorithmic Biologics focuses on molecular diagnostics and discovery through technology in the biotech sector. Their main offerings include a software platform with molecular testing workflows to improve efficiency and accuracy, leveraging AI and molecular computing research. The company primarily serves the healthcare industry, particularly in the areas of genomics research and clinical diagnostics. It was founded in 2021 and is based in Bangaluru, India.

Headquarters Location

363/364, 8th Main Road 3rd Block, Santhosapuram, Koramangala 3 Block, Koramangala

Bengaluru, 560095,

India

+91-9511615829

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Algorithmic Biologics's Product Videos

Algorithmic Biologics's Products & Differentiators

    Tapestry

    Tapestry is a SaaS software for genomic testing that can search DNA/RNA of interest in large number of sample. It works across sample types and genomic testing platforms like RT-PCR, Next-generation sequencing etc. It can deliver up to 10X gains with software alone and no additional CapEx investment. The patented technology behind Tapestry works at the intersection of computational mathematics and molecular science, leveraging principles from coding-decoding to reduce the amount of tests needed to deliver large number of results. It has been published in leading scientific publications and shown concordant results in multiple clinical trials conducted at prestigious research institutes. The solution is CE certified and commercially available.

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Algorithmic Biologics Patents

Algorithmic Biologics has filed 3 patents.

The 3 most popular patent topics include:

  • molecular biology
  • animal viral diseases
  • betacoronaviruses
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/27/2021

Severe acute respiratory syndrome, Betacoronaviruses, Animal viral diseases, Coronaviridae, Molecular biology

Application

Application Date

11/27/2021

Grant Date

Title

Related Topics

Severe acute respiratory syndrome, Betacoronaviruses, Animal viral diseases, Coronaviridae, Molecular biology

Status

Application

Latest Algorithmic Biologics News

Algorithmic Biologics Make Genomics Affordable Eliminating 60 to 90 Per Cent of Library Preparation Costs

Feb 5, 2024

Get latest articles and stories on Business at LatestLY. New Delhi [India], February 5: Deeptech startup Algorithmic Biologics (AlgoBio), leveraging advanced algorithms and AI to revolutionize molecular testing efficiency and scale, unveiled the Tapestry platform for next-generation sequencing (NGS) at Genomics India Conference 2024 today. Aligned with the company's vision of enabling accurate and affordable large-scale molecular testing, Tapestry empowers genomics labs to cut sequencing costs significantly by eliminating 60 per cent to 90 per cent of library preparation costs that is 33 per cent-50 per cent of the total sequencing costs. Founded by Dr Manoj Gopalkrishnan - a multi-disciplinary technologist and professor at IIT Bombay - AlgoBio also announced securing USD 2.5 million in pre-series A funding led by Bharat innovation Fund (BIF) ventures with participation from existing investor Axilor Ventures. SRV Media New Delhi [India], February 5: Deeptech startup Algorithmic Biologics (AlgoBio), leveraging advanced algorithms and AI to revolutionize molecular testing efficiency and scale, unveiled the Tapestry platform for next-generation sequencing (NGS) at Genomics India Conference 2024 today. Aligned with the company's vision of enabling accurate and affordable large-scale molecular testing, Tapestry empowers genomics labs to cut sequencing costs significantly by eliminating 60 per cent to 90 per cent of library preparation costs that is 33 per cent-50 per cent of the total sequencing costs. Founded by Dr Manoj Gopalkrishnan - a multi-disciplinary technologist and professor at IIT Bombay - AlgoBio also announced securing USD 2.5 million in pre-series A funding led by Bharat innovation Fund (BIF) ventures with participation from existing investor Axilor Ventures. Proceeds of the fundraise will be used to support the product pipeline, building the sales organization and furthering their international expansion. "Tapestry is providing affordable genomics sequencing for all, in collaboration with leading genomics labs," said Dr Manoj Gopalkrishnan the founder and CEO of Algorithmic Biologics. "We are very glad to have BIF join us as an investor and to have continued support of Axilor. We are excited to learn from their expertise at helping deeptech companies achieve transformation throughout India as well as internationally." "Molecular diagnostics is an indispensable tool in the biotech field, contributing to advancements in healthcare through early disease diagnosis, mass population testing and enabling personalized medicine. We are glad to support AlgoBio in democratizing access to molecular tests through their innovative Tapestry Platform" said Som Pal Choudhury, co-founder and partner at BIF. "Our continued investment in AlgoBio aligns with our commitment to support visionary innovators with technology ideas that can reshape industries." said Nidhi Mathur, Venture Partner at Axilor Ventures. "The company has developed unique algorithmic approaches previously unavailable to the genomics universe allowing them to achieve 10x efficiencies with existing infrastructure." AlgoBio has recently partnered with Dhiti Omics Technologies, one of the pioneers of molecular diagnostics services in India to offer 'Focused Exome Sequencing' powered by Tapestry. "Tapestry by AlgoBio isn't merely a solution; it's an initiative to lead a future where everyone can access the transformative capabilities of NGS, propelling scientific progress while prioritizing precision. We are thrilled to partner with AlgoBio to bring affordable genomic testing to every deserving patient. ", added Dr Sudha, co-founder and executive director of Dhiti Omics. Tapestry is a CE certified technology that has been widely spotlighted in international scientific news publications, and clinically validated with reputed research institutes. It was used extensively for affordable Covid testing using RT-PCR. It has since been extended to other molecular tests like NAAT (used for blood testing for HIV, etc), Mass Spectrometry (used for tests like Newborn Screening), and now NGS to enable further applications like rare disease diagnosis, tumor cell sequencing, etc. Next-generation sequencing (NGS) revolutionized biology by enabling fast, accurate DNA/RNA sequencing. This unlocks deep insights into genes, impacting areas like diagnosing rare diseases, studying tumors and investigating cellular biology. Despite being transformative, NGS cost remained a barrier to wider use. At the turn of the century, the first human genome was sequenced at the price tag of USD 2.7 Billion. Over the next two decades, this price point has come down to 0.00001 per cent of that but it still remains out of reach for most of us. However, recent advancements like compressed sensing technology from AlgoBio are dramatically lowering costs, bringing NGS closer to routine checkups. This shift holds immense potential for personalized medicine and improved healthcare. Algorithmic Biologics (AlgoBio) pioneers novel solutions at the frontier of molecular science and computational algorithms. Leveraging its patented Tapestry platform which is based on molecular computing and artificial intelligence (AI), AlgoBio empowers large-scale molecular testing with unprecedented efficiency and accuracy. Tapestry seamlessly integrates with industry-standard NGS workflows significantly reducing time, resource, and cost burdens. Through an innovative information multiplexing platform, Tapestry delivers cost savings of up to 90 per cent in library preparation, a critical bottleneck in NGS pipelines. Drawing inspiration from data compression techniques, Tapestry "zips" molecular information in the test tube itself leading to dramatic efficiencies in library preparation. AlgoBio's Tapestry platform represents a paradigm shift in molecular testing by unlocking significant cost efficiencies, democratizing access to sequencing and expanding diagnostic horizons. To learn more about Algorithmic Biologics, visit www.algorithmicbiologics.com (ADVERTORIAL DISCLAIMER: The above press release has been provided by SRV Media. ANI will not be responsible in any way for the content of the same) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

Algorithmic Biologics Frequently Asked Questions (FAQ)

  • When was Algorithmic Biologics founded?

    Algorithmic Biologics was founded in 2021.

  • Where is Algorithmic Biologics's headquarters?

    Algorithmic Biologics's headquarters is located at 363/364, 8th Main Road, Bengaluru.

  • What is Algorithmic Biologics's latest funding round?

    Algorithmic Biologics's latest funding round is Seed VC - II.

  • How much did Algorithmic Biologics raise?

    Algorithmic Biologics raised a total of $2.5M.

  • Who are the investors of Algorithmic Biologics?

    Investors of Algorithmic Biologics include Axilor Ventures, Bharat Fund and Google for Startups Accelerator.

  • Who are Algorithmic Biologics's competitors?

    Competitors of Algorithmic Biologics include Iambic Therapeutics and 2 more.

  • What products does Algorithmic Biologics offer?

    Algorithmic Biologics's products include Tapestry.

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