10x Genomics Raises $55M in Series E

10x Genomics has successfully raised $55M in a Series E at a $500M valuation led by Softbank Vision Fund, Fidelity.

Company Overview

10x Genomics is a Biotech company headquartered in Pleasanton, CA, founded in 2012 with 800+ employees.

Single-cell genomics and spatial biology

Fundraising Details

Amount Raised: $55M
Round Type: Series E
Valuation: $500M
Date: 2018-01-10
Investors: Softbank Vision Fund, Fidelity

About 10x Genomics

Single-cell genomics and spatial biology The company is positioned in the Biotech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Pleasanton, CA
Founded: 2012
Team Size: 800+
Industry: Biotech

What This Means

This funding round demonstrates strong investor confidence in 10x Genomics's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Biotech sector continues to attract significant investment as companies innovate to meet evolving market demands. 10x Genomics's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for 10x Genomics, positioning the company among notable players in the Biotech industry.

Looking Ahead

With this new capital, 10x Genomics is well-positioned to execute on its growth strategy and continue building innovative solutions in the Biotech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2018-01-10. For more information about 10x Genomics, visit their headquarters at Pleasanton, CA.