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Purigen Biosystems
Innovative products that offer a truly transformative automated solution for DNA and RNA purification
About Purigen Biosystems
Purigen Biosystems, founded in 2012, operates in the genomics sample preparation market. The company's core technology, Isotachophoresis (ITP), was developed in the laboratory of Stanford University professor Juan G. Santiago. Klint Rose, who earned his PhD at Stanford's Microfluidics Laboratory, is a co-founder of the company. Purigen was established to commercialize this ITP technology, which it licensed exclusively from the university.
The company's business revolves around its flagship product, the Ionic® Purification System. This is an automated, benchtop instrument that uses microfluidic chips to purify and quantify nucleic acids (DNA and RNA) from a diverse range of biological samples. The system is designed for use by clinical and oncology researchers. Its business model involves the sale of the Ionic system along with the necessary microfluidic chip consumables and purification kits. The company has pursued commercial expansion through distribution agreements in the European Union and the UK.
The Ionic Purification System utilizes ITP to separate nucleic acids in a solution based on their electrophoretic mobility, a process that avoids binding to or stripping from physical surfaces like beads. This method results in higher yields and purity, particularly from challenging sample types such as formalin-fixed paraffin-embedded (FFPE) tissues, liquid biopsies, and samples with low cell counts. The fully automated workflow can process up to eight samples in approximately 60 minutes with less than five minutes of hands-on time per sample. The purified nucleic acids are immediately ready for downstream applications like next-generation sequencing (NGS) and PCR.
Since its founding, Purigen has secured significant funding, raising a total of $88.3 million over seven rounds from investors including 5AM Ventures, Roche Venture Fund, and Agilent Technologies. A major milestone occurred on November 28, 2022, when Bionano Genomics acquired Purigen for up to $64 million. The acquisition was intended to integrate Purigen's ITP technology to improve Bionano's own Optical Genome Mapping (OGM) workflow.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2012
- Headquarters
- Pleasanton, United States
- Employees
- 3
- Open positions
- None listed
- Dealroom signal
- 60.5/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Classifieds, Biotechnology, Oncology, DNA, Genetics and genomics, Health Diagnostics, Biotech and Pharma, Hard Tech, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Nov 2022 | $32M | — | BioNano Genomics | ↗ |
| LATE VCOther financing | Apr 2021 | $34M | $138M | Undisclosed | — |
Growth signals
Latest recorded traffic for Purigen Biosystems is 5.8M monthly website visits, down 4.9% over the last three months. Purigen Biosystems's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
5AM Ventures
Roche Venture Fund
Cota Capital
Agilent
Other known investors1 additional known investor
BioNano Genomics
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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