LatchBio Raises $28M Series A to Bring a Modern Data Analysis Stack to Biologists
LatchBio, a company accelerating the pace of scientific progress by enabling researchers to store and analyze data without touching code or cloud infrastructure, today announced a $28 million Series A round co-led by Coatue and existing investor Lux Capital. Hummingbird Ventures, Caffeinated Capital, and existing investors Haystack and Fifty Years also participated.
The LatchBio platform is a streamlined web-based solution designed to overcome bottlenecks in biotech research caused by the massive datasets generated by modern experiments. Using any browser, researchers can quickly import files from existing data stacks and access dozens of popular bioinformatics pipelines and data visualization tools including RNA-Seq, CRISPResso2 and AlphaFold. As bioinformaticians upload workflows via the LatchBio SDK, no-code interfaces are automatically created for biologists who are now empowered to integrate, process, and visualize data in one place. Experiment data can be stored and processed at any scale using serverless data infrastructure, significantly reducing the time and resources required to get from experiment to insight.
Scientists at leading industry organizations including the Innovative Genomics Institute (IGI), BitBio and Eligo Bioscience are leveraging the power of the LatchBio platform to advance their work.
“The datasets generated by today’s scientific experiments are growing at an exponential rate, but many biologists lack the computational tools they need to rapidly analyze and iterate using the results of their experiments,” said Coatue General Partner David Cahn. “Coatue looks forward to supporting LatchBio’s ambition to create the necessary infrastructure to hasten the pace of discovery and translational research – and importantly help get more life-saving therapies into the clinic.”
