![]() Given how quickly the exit came, this seems pretty good. So the exit was at x4 the last round price. I’d also guess that the investment rounds were at a valuation of 100 to 200MUSD. I therefore assume that prior to the rounds listed there was probably some seed funding, perhaps supplied by Rothberg himself. Given the platforms reliance on semiconductor fabrication, this doesn’t seem like enough time to get much done (iterate over a new chip for example). It’s surprising how soon acquisition came after funding, both rounds which happened less than a year before acquisition. Milestone payments were paid in 2012, making the final acquisition price 725MUSD. Life Technologies initially paid 375MUSD with potential for another 350MUSD in milestone payments. Ion torrent was acquired only three years after it was founded in 2010. They raised approximately 60MUSD in funding (from Bay City Capital among others). Ion torrent was founded in 2007 by Jonathan Rothberg (no doubt building on his prior success with 454). In this post, I’m using to review aspects of Ion Torrents development, I don’t cover the technological approach (which is well described in their Nature paper ). Recently I’ve been thinking about the economics of semiconductor sequencing, in particular approaches like Ion torrents, and the iSeq which use a relatively large die which gets thrown away with the rest of the flow cell. ![]()
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