PacBio

Overview
Activities
News
Precision Medicine?
Product stageSegments
Go-to-Market
?
Genetic Testing, Bioinformatics
?

Pacific Biosciences of California (PacBio) is a biotechnology company specializing in developing and manufacturing advanced sequencing systems. PacBio is known for its Single Molecule, Real-Time (SMRT) sequencing technology, which enables accurate long-read sequencing. The company’s offerings include the HiFi long-read sequencing technology and the emerging short-read Sequencing by Binding (SBB) technology, used in various applications such as human germline sequencing, plant and animal sciences, infectious disease and microbiology, and oncology. In 2021, PacBio expanded its technology portfolio through the acquisition of Omniome, a biotechnology company developing a proprietary short-read sequencing platform.

Since October 2010, the company has been operating as a public listed company. It is traded on the Nasdaq under the ticker symbol PACB.

Key customers and partnerships

PacBio's sequencing solutions cater to research scientists in the academia, biotechnology, and pharmaceutical industries as well as healthcare providers. The company has engaged in several partnerships to advance genomic science, including a partnership with Estonia National Biobank entered in March 2024, which entailed the use of PacBio's Revio HiFi sequencing system for sequencing 10,000 whole genomes to develop personalized medicine in areas such as cardiology and mental health​.

Funding and financials

The company last raised funding in August 2023 when it raised USD 85 million in a post-IPO equity round. The investors or the intended use of funds were not disclosed.

In FY2023, the company reported a revenue of USD 200.5 million with a 56% YoY growth. The company spent USD 187.1 million on R&D. The operating loss for the year was USD 334.4 million.

HQ location:
1305 O’Brien Drive Menlo Park CA USA
Founded year:
2004
Employees:
501-1,000
IPO status:
Public
Total funding:
USD 2.0 bn
Last Funding:
USD 85.0 mn (Post IPO Equity; Aug 2023)
Last valuation:
-
Key competitors
Filter by the segments to which the disruptor belongs
All Segmentsexpand
 
Loading...
Loading...
Loading...
Loading...
Product Overview
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Product Metrics
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Company profile
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Funding data are powered by Crunchbase
arrow
menuarrow
Click here to learn more
Get a demo

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.