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Benchling: Cloud-based informatics platform for bioscience R&D groups

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    A deep dive into Benchling's revenue, business model, product, competition and TAM expansion.
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        Sacra estimates that Benchling reached USD 210 million in annualized recurring revenue (ARR) in May 2024, up 27% YoY from USD 145 million in 2022. Customers pay a recurring subscription fee to access Benchling's platform, priced on a per-user basis.
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        The Benchling platform is designed to address the key challenges faced by modern biotech R&amp;D, including experiment design and documentation, sample tracking and management, workflow orchestration and collaboration, and data capture, analysis, and visualization.
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        Benchling's primary competition comes from legacy software providers in the life sciences R&amp;D space, such as Dassault Syst&egrave;mes (Medidata), Thermo Fisher Scientific, and PerkinElmer. Benchling also faces competition from a new wave of startups, including Riffyn, TetraScience, and Dotmatics.
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EDGE Insights

Benchling: Cloud-based informatics platform for bioscience R&D groups

Benchling: Cloud-based informatics platform for bioscience R&D groups

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