Single Technologies secures €12.5 million in EU funding
The EIC provides a €2.5M grant and €10M equity to scale Theta™ 3D sequencing, expand production capacity, grow the team, and accelerate global commercialization.
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Developer of three-dimensional DNA sequencing platforms
singletechnologies.comLast updated
In short: Single Technologies secured €12.5 million from the EIC and progressed its Theta 3D sequencing technology toward a $10 human genome goal.
The EIC provides a €2.5M grant and €10M equity to scale Theta™ 3D sequencing, expand production capacity, grow the team, and accelerate global commercialization.
It has received a Pathfinder grant to enable sequencing-based microscopy in 3D and collaborates with KTH, Karolinska Institutet, Sorbonne Université and Prinses Máxima Centrum.
It describes a 3D matrix Theta sequencer, prototype builds, partnerships, over $13 million funding, and goals of $10-per-genome throughput and production-scale deployment.
Their cube sequences in 3D far faster and cheaper, targeting a market currently worth about USD 10 billion and expanding. They plan early services in 2025 with a pay-per-use model.
Swedish Single Technologies announces today that they have completed a new share issue that exceeded expectations. "We had an ambition to do a round of 40 million kronor...
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