Aligned Bio, a single molecule detection company, announced an oversubscribed A round investment of 23MSEK led by STOAF III SciTech and Fårö Capital. Previous investors Almi Invest and MIST Ventures continued their participation.
Aligned Bio’s mission is to utilize its single molecule identification technology in the multibillion USD biomedical market. Aligned Bio’s sensitivity is enabled by its patented nanowire production and alignment methods and its proprietary waveguiding technology. This low-cost single molecule/dye technology will form the core behind its long-read sequencing offering and fast and affordable protein and nucleic acid detection capability.
Aligned’s demonstrated ability to offer orders of magnitude increase in molecular sensitivity at point of care level costs, portends a potential shift in medical diagnostics, monitoring and therapy, states STOAF’s General Partner and head of Life Sciences, Dr. Claes Post. “We are excited to be part of this market impacting technology.”
Showing single dye identification capability in a NW based flow cell that offers more than a billion reads could increase significantly the genetic information that is presently offered by the industry leaders at lower costs, said Professor Fredrik Höök of the Biological Physics Department at Chalmers University. The sequencing industry will be changing mightily over the next few years. This technology should be an important player as the industry ushers in its next phase of growth.
The new money will be used to ramp production of its first product and conclude the development phase of its sequencer product. “The data sets from both partners and internal work show orders of magnitude increase in limits of detection for biomarkers of interest,” says Dr. Soren Echwald Morgenthaler, head of product technology at Aligned, “the ability to expand production capabilities for this product will enable our next steps in customer engagement.”
“I’m very excited that AlignedBio has secured funds that will enable the company to further develop its disruptive technology with a potential to transform both DNA sequencing as well as biomarker detection, says Per Antonsson, Investment Manager at Almi Invest.
Image – Philip Krantz. Copyright – Lund University
For additional information:
Erik Smith, CEO Aligned Bio, firstname.lastname@example.org or +46 (0) 765 69 78 58. www.alignedbio.com
About Aligned Bio
Aligned Bio’s core technology for simple and fast single molecule detection enables several products aimed at advancing capabilities in the biomedical market.
Enhanced Optical Biosensing by Aerotaxy Ga(As)P Nanowire
Platforms Suitable for Scalable Production
Sensitive detection of low-abundance biomolecules is central for diagnostic applications. Semiconductor nanowires can be designed [...]
2,3 miljoner euro till Aligned Bio
Europeiska innovationsrådets accelerator har beviljat Aligned Bio 2,3 miljoner euro i stöd, med möjlighet till [...]
Aligned Bio – Low-Cost Single Molecule Detection Wins EIC Grant
LUND SWEDEN, Aligned Bio, a developer of Nanowire single molecule detection technology to be usedin [...]
Fluorescence Signal Enhancement in Antibody Microarrays Using Lightguiding Nanowires
Fluorescence-based detection assays play an essential role in the life sciences and medicine. To offer [...]
Aligned Bio får 23 miljoner och tunga delägare
“A” Round Funding Announcement
Aligned Bio, a single molecule detection company, announced an oversubscribed A round investment of 23MSEK [...]