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Proof Diagnostics

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Proof diagnostics is developing a crispr-based, covid-19 molecular test to help communities take control of the virus

Cambridge, United StatesFounded 2020Biotech & Life Sciences
Valuation $250–500M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Proof Diagnostics and the history behind them.

About Proof Diagnostics

Proof Diagnostics is a healthcare startup that is developing a CRISPR-based COVID-19 molecular test. The company's primary goal is to make testing for COVID-19 simple, scalable, and reliable. The test, which is currently for investigational use only and has not yet been reviewed by the FDA, can deliver results in as little as 22 minutes. This is achieved through highly sensitive detection methods and gold-standard specificity.

The company is targeting a wide range of clients, including remote and underserved communities, schools, doctors' offices, employers, and hotels. The aim is to provide a quick and reliable method to confirm positive COVID-19 results, helping to keep communities, classrooms, and workplaces safe.

Proof Diagnostics is also developing automated workflows for clinicians by securely connecting with electronic health records (EHRs) and lab information management systems (LIMS). This will streamline the testing process and make it easier for healthcare providers to manage and track results.

In addition, the company is designing a mobile app that can connect with up to six Proof Lab readers via Bluetooth. This will allow users to monitor multiple COVID-19 tests, keep and view up to 50 results, and easily export detailed test results. The app is also being designed to enable third-party integrations, such as with EHRs.

Proof Diagnostics operates on a business model that involves selling low-cost reader and cartridges, making testing scalable. The company's equipment is small, modular, and portable, making it easy to set up and operate in various locations.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2020
Headquarters
Cambridge, United States
Employees
1
Open positions
None listed
Dealroom signal
59.3/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, DT and LS, science-based
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Feb 2024 $0 — Ginkgo Bioworks ↗
SERIES A✓Equity / VC Apr 2022 $45M $180M ARCH Venture Partners · F-Prime · Madrona Venture Group ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Proof Diagnostics website traffic

Latest recorded traffic for Proof Diagnostics is 1.3K monthly website visits, down 51.9% over the last three months. Proof Diagnostics's team declined 80% over the past year.

Latest monthly visits1.3K 3-month web change-51.9% 1-year team growth-80%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 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

Series A3 investors entered at this stage

Other known investors2 additional known investors

  • Ginkgo Bioworks
  • Sahsen Ventures
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
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%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Proof Diagnostics on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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