Total amount raised
$99.1 Millions
Latest funding date
Location
TetraScience has successfully raised significant funding over multiple rounds, establishing itself as a key player in scientific data management and AI. The platform offers a comprehensive suite of tools designed to transform raw data into AI-native data, driving innovation in various scientific fields.
Keep reading to explore the intricacies of TetraScience's fundraising journey and the investors backing this transformative platform.
What Is TetraScience?
TetraScience is a company specializing in scientific data management and AI solutions. Located in Boston, MA, the company focuses on transforming raw data into AI-native data to drive scientific research and development.
Their flagship product, the Tetra Scientific Data and AI Cloud, offers a range of capabilities including data replatforming, data engineering, and data analytics. TetraScience aims to enhance lab data automation and improve scientific outcomes, thereby increasing productivity and reducing costs across the scientific value chain.
How Much Funding Has TetraScience Raised?
- Pre-Seed Round
- Amount Raised: $120K
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's initial operations and product development.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand the initial market reach.
- Grant
- Amount Raised: $25K
- Date: January 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage research and development activities.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial funding for product development and market entry.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: June 2016
- Lead Investors: Digital Science
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and expand market presence.
- Series A
- Amount Raised: $8M
- Date: October 2019
- Lead Investors: Waters Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the product and expand initial market reach.
- Series A
- Amount Raised: $11M
- Date: May 2020
- Lead Investors: Underscore VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand the initial market reach.
- Series B
- Amount Raised: $80M
- Date: April 2021
- Lead Investors: Alkeon Capital, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To ramp up go-to-market capabilities, expand technical capabilities, and grow the team of scientific experts.
Total Amount Raised: $224.125M
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software companies. Founded in 1995, it has invested in more than 400 companies worldwide.
- Investment Focus Areas: Technology, software, fintech, enterprise companies.
- Notable Investments: Twitter, Shopify, DocuSign.
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm focusing on private and public growth and technology companies. It has over two decades of experience and aims to be a long-term partner to its portfolio companies.
- Investment Focus Areas: Technology, media, telecom sectors.
- Notable Investments: Alibaba, Amazon, Facebook.
- Waters Corporation
- Details: Waters Corporation is a publicly traded analytical laboratory instrument and software company. It specializes in technologies for liquid chromatography, mass spectrometry, and thermal analysis.
- Investment Focus Areas: Analytical instruments, laboratory software, scientific research.
- Notable Investments: Not publicly disclosed.
- Underscore VC
- Details: Underscore VC is a venture capital firm based in Boston, focusing on early-stage technology companies. It aims to support entrepreneurs through a community-driven approach.
- Investment Focus Areas: Technology, software, early-stage startups.
- Notable Investments: Not publicly disclosed.
- Digital Science
- Details: Digital Science is a technology company serving the needs of scientific and research communities. It provides software and tools to make research more efficient.
- Investment Focus Areas: Scientific research, data management, software tools.
- Notable Investments: Not publicly disclosed.
What's Next for TetraScience?
TetraScience stands at the cusp of a transformative era, with the $300 billion experimental data cloud market offering immense opportunities. The company is poised to capitalize on this by enhancing its go-to-market capabilities, expanding its technical prowess, and growing its team of scientific experts. This strategic positioning aims to revolutionize global R&D, shifting from a project-based IT model to a product- and network-based paradigm.
Future fundraising opportunities appear promising, given the significant Series B funding and the involvement of prominent investors. As TetraScience continues to grow, additional funding rounds could further bolster its market presence and technological advancements. However, the company may face challenges such as competition from other data cloud providers and the need to ensure seamless integration with diverse lab instruments and software.
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