About

Founded

2012

Headquarters

San Francisco, California

Industry

Biotech, SaaS

Company Description

Benchling’s mission is to unlock the power of biotechnology. The world’s most innovative biotech companies use Benchling’s R&D Cloud to power the development of breakthrough products and accelerate time to milestone and market.

Quick Links

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Funding

Total Raised

$411.9 million

Valuation

$6.1 billion

Significant Investors

Y Combinator, Altimeter Capital, Byers Capital, Elad Gil, Thrive Capital, Benchmark, Menlo Ventures, Alkeon Capital, ICONIQ, Lux Capital, Spark Capital, Lead Edge Capital, Sequoia Capital Global Equities, F-Prime Capital

Company Traction

As of April 2021, Benchling customers include more than 300,000 scientists and 1,000 R&D organizations using its cloud platform, up from 230,000 scientists in May 2020, 170,000 scientists in July 2019, and 100,000 scientists in June 2018.

Benchling doubled its annual recurring revenue for four consecutive years from 2017-2020.

Benchling customers include BridgeBio, Geltor, Perfect Day, Bright Peak Therapeutics, Design Therapeutics, and 23andMe.

As of May 2023, Benchling reported customers accelerating workflow cycle time by 38%.

Leadership Team

Sajith Wickramasekara: Co-Founder & CEO of Benchling. Former Research Assistant at Duke University Medical Center.

Ashu Singhal: Co-Founder & President of Benchling. Former Staff Software Engineer at Twitter.

Shawna Wolverton: CPO at Benchling. Former EVP of Product at Zendesk.

Lindsey Irvine: CMO at Benchling. Former CMO at MuleSoft.

Richard Wong: CFO at Benchling. Former CFO at Houzz.

Press

Yahoo Finance (June 6, 2023): Benchling Delivers an Integrated R&D Ecosystem with New Product Offerings

Reuters (April 21, 2023): Life sciences software startup Benchling lays off 9% of workforce

Benchling Blog (November 17, 2021): Benchling Raises $100M in Series F Financing Co-Led by Altimeter and Franklin Templeton

Benchling