Opentrons

Affordable laboratory automation solutions provider

New York City, New York, United States

About Opentrons

Opentrons provides affordable and user-friendly laboratory automation solutions, primarily targeting the biotechnology and life sciences sectors. Their main product, the OT-2, is a liquid handling robot that automates repetitive tasks like pipetting, which involves transferring liquids between containers. Opentrons sells these robotic systems along with complementary software and consumables, generating revenue through direct hardware sales and subscriptions for software. What sets Opentrons apart from competitors is its focus on making automation accessible to smaller labs and institutions that may not afford traditional, expensive systems. Their products are designed for easy setup and use, lowering the barriers for labs to adopt automation technology. The goal of Opentrons is to transform laboratory automation by providing cost-effective and user-friendly solutions that cater to a diverse range of clients.

New York City, New YorkHeadquarters
2014Year Founded
$224.3MTotal Funding
SERIES_CCompany Stage
Biotechnology, HealthcareIndustries
201-500Employees

Risks

Increased competition from new lab automation entrants like Automata.
Potential IP disputes could hinder Opentrons' innovation capabilities.
Supply chain vulnerabilities may affect robot production and delivery.

Differentiation

Opentrons offers affordable lab automation solutions for smaller labs and institutions.
Their OT-2 robot is user-friendly, reducing barriers to lab automation adoption.
Opentrons' no-code Flex Prep robot simplifies pipetting tasks with touchscreen setup.

Upsides

Growing demand for no-code solutions boosts Opentrons' market potential.
Educational initiatives like Opentrons for Education address biotech skill gaps.
Strategic partnerships enhance Opentrons' lab automation workflows and market reach.

Funding

Total raised$224.34 M
Latest valuation$1.80 B
StageSERIES_C
$200
$1.80 B
SERIES B
7/31/2020
$21
$103.00 M