Total amount raised
$354 Million
Latest funding date
2024-05-02
Location
Karius has developed advanced infectious disease diagnostics using metagenomic sequencing and AI technology. Their platform detects microbial cell-free DNA (mcfDNA) from pathogens causing infections.
Keep reading to explore the intricacies of Karius' fundraising journey and the investors backing this innovative platform.
What Is Karius?
Karius is a biotechnology company specializing in advanced infectious disease diagnostics. Leveraging clinical metagenomics and AI technology, Karius detects microbial cell-free DNA (mcfDNA) from pathogens, providing rapid and comprehensive diagnoses.
Based in Redwood City, California, Karius offers innovative tests like Karius Spectrum™ and Karius Focus™ | BAL, which detect a wide range of pathogens. The company is recognized for its contributions to the biotech and life sciences industry and operates a CLIA and CAP-certified laboratory.
How Much Funding Has Karius Raised?
- Seed Round
- Amount Raised: USD 5,000,000
- Date: September 2014
- Lead Investors: DCVC
- Series A
- Amount Raised: USD 59,000,000
- Date: August 2017
- Lead Investors: DCVC, Lightspeed Venture Partners
- Debt Financing
- Amount Raised: USD 25,000,000
- Date: November 2018
- Lead Investors: Oxford Finance LLC
- Series B
- Amount Raised: USD 165,000,000
- Date: February 2020
- Lead Investors: SoftBank Vision Fund
- Series C
- Amount Raised: USD 100,000,000
- Date: May 2024
- Lead Investors: 5AM Ventures, Gilde Healthcare, Khosla Ventures
In total, Karius has raised USD 354,000,000 across all funding rounds.
Key Investors
- DCVC
- Details: DCVC, also known as Data Collective, is a venture capital firm that invests in deep tech companies. They focus on early-stage investments and have a strong track record in supporting innovative startups.
- Investment Focus Areas: Artificial Intelligence, Biotechnology, Robotics
- Notable Investments: Zymergen, Planet Labs, Pivot Bio
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. They have a global presence with investments in various high-growth companies.
- Investment Focus Areas: Enterprise Technology, Consumer, Healthcare
- Notable Investments: Snap Inc., Grubhub, AppDynamics
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused investment funds in the world. It aims to accelerate the AI revolution through substantial investments in leading tech companies.
- Investment Focus Areas: Artificial Intelligence, Robotics, Telecommunications
- Notable Investments: Uber, WeWork, ARM Holdings
- 5AM Ventures
- Details: 5AM Ventures is a venture capital firm that focuses on building next-generation life science companies. They are known for their hands-on approach in nurturing early-stage biotech startups.
- Investment Focus Areas: Biotechnology, Medical Devices, Diagnostics
- Notable Investments: Audentes Therapeutics, Homology Medicines, IDEAYA Biosciences
- Oxford Finance LLC
- Details: Oxford Finance LLC is a specialty finance firm that provides senior debt to life sciences and healthcare services companies. They have a strong reputation for supporting growth-stage companies with tailored financial solutions.
- Investment Focus Areas: Life Sciences, Healthcare Services, Medical Devices
- Notable Investments: Not publicly disclosed
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