Visby Medical

Provides rapid, portable PCR testing kits

San Jose, California, United States

About Visby Medical

Visby Medical specializes in rapid PCR tests for detecting infectious diseases, providing results in under 30 minutes. This is much faster than traditional PCR tests, which can take days. Their portable testing kits are designed for use in clinical and mobile lab settings, making them easily accessible. Unlike conventional PCR equipment, which is large and complex, Visby's tests are compact and instrument-free, fitting in the palm of your hand. The company primarily serves healthcare providers in the United States, focusing on delivering accurate and timely results to improve patient care. By minimizing wait times for test results, Visby aims to reduce patient callbacks and follow-up issues, addressing a significant challenge in healthcare. Their revenue comes from selling these testing kits, which are increasingly in demand due to the current global health climate.

San Jose, CaliforniaHeadquarters
2012Year Founded
$263.7MTotal Funding
GRANTCompany Stage
HealthcareIndustries
201-500Employees

Benefits

Health Insurance
Health Savings Account/Flexible Spending Account
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays

Risks

Increased competition from emerging startups threatens Visby's market share.
Reliance on EUAs poses risk if regulatory standards change or are revoked.
Rapid production scaling might lead to quality control issues affecting reliability.

Differentiation

Visby Medical offers rapid PCR tests delivering results in under 30 minutes.
Their PCR tests are instrument-free and compact, fitting in the palm of a hand.
Visby's tests are highly accessible, deployable in clinical and mobile settings.

Upsides

Visby secured $1.8M from CARB-X for drug-resistant infection tests.
They raised over $135M in Series E to scale production and expand product menu.
Partnerships with community health centers enhance reach in underserved areas.