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Cardea Bio

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A manufacturer of graphene-based biosensors being used to monitor biological systems using semiconductors

San Diego, United StatesFounded 2013Biotech & Life Sciences
Valuation $25–50M Last recorded · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Cardea Bio

Cardea Bio, founded in 2013 and initially named Nanomedical Diagnostics, operates at the intersection of biotechnology and semiconductor technology. The company was established by a team including Ross Bundy, Dr. Kiana Aran, Michael Heltzen, and Dr. Brett Goldsmith. The founders brought together diverse expertise to bridge biology with electronics; Dr. Aran has a background in biomedical and electrical engineering and is a pioneer in fusing CRISPR with electronics, while Michael Heltzen has a history of building technology businesses in genomics and digital biology. This blend of experience was foundational to the company's direction.

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The core of Cardea Bio's business is the mass production of a biocompatible semiconductor known as the Biosignal Processing Unit (BPU™). This proprietary technology is a graphene-based biological field-effect transistor (BioFET) that can translate real-time biological signals into digital information. Unlike traditional silicon chips, the BPU's graphene composition allows it to directly interface with biological molecules, enabling the detection of multiomics signals without the need for the optical or amplification methods common in life sciences. This capability facilitates rapid, real-time analysis of biomolecular interactions, a significant speed advantage over conventional methods like Isothermal Titration Calorimetry (ITC). The company's business model centers on its "Cardea Innovation Partnership Program," offering its BPU platform and chipsets to partners for developing new applications.

The firm serves a broad array of industries, including human health, molecular diagnostics, agriculture, environmental monitoring, and animal health. For instance, its CRISPR-Chip, a specific application of the BPU, is designed to search genomes for specific sites without cutting DNA, functioning like a search engine for genetic material. The company has secured over $21.8 million in funding across multiple rounds from investors such as Agilent, Serra Ventures, and the Gates Foundation. A significant milestone occurred in May 2023 when Cardea Bio was acquired by Paragraf, a UK-based company specializing in the mass production of graphene electronics. Following the acquisition, Cardea Bio was rebranded as Paragraf USA. This merger combines Cardea's expertise in biosensor design with Paragraf's scaled manufacturing capabilities, aiming to accelerate the development and deployment of handheld, real-time biosensing devices.

Source: Dealroom company data

At a glance

Founded
2013
Headquarters
San Diego, United States
Sector
Biotech & Life Sciences

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Bill & Melinda Gates Foundation

Series A9 investors entered at this stage

  • Alexandria Equities
  • Alexandria Venture Investments
  • Serra Ventures
  • Foothill Ventures
  • Agilent
  • Photon-Fund
  • Taihill Venture
  • Table Mountain Capital
  • 3E Bioventures
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
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