Innovative Biosensors

company

About

Innovative Biosensors offers a biosensor system that generates sensitive and specific results with minimal amount of reagents in minutes.

  • 11 - 50

Details

Last Funding Type
Series A
Last Funding Money Raised
$3.50M
Industries
Biotechnology,Medical,Medical Device,Sensor
Founded date
Jan 1, 2004
Number Of Employee
11 - 50
Operating Status
Active

Innovative Biosensors' technology is built upon a foundation of a genetically engineered biosensor that allows for extremely rapid testing of analytes, providing high levels of sensitivity and specificity. The patented, self-contained biosensor system is capable of generating a sensitive and specific result with minimal amount of reagents in minutes, making it a cost-effective alternative to traditional laboratory testing.

In addition, the biosensors can be engineered to detect one target or several targets of interest simultaneously and used to perform a wide variety of bioassays. Designed for real-time detection, minimally-skilled personnel can perform tests and analysis at the site of sampling using small, portable, space-saving instrumentation

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$13M
Innovative Biosensors has raised a total of $13M in funding over 2 rounds. Their latest funding was raised on May 1, 2008 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 1, 2008 Series Unknown $9.50M 1 Detail
May 26, 2005 Series A $3.50M 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
Innovative Biosensors is funded by 2 investors. Maryland Department of Business and Economic Development and The New Markets Growth Fund are the most recent investors.
Investor Name Lead Investor Funding Round
Maryland Department of Business and Economic Development Series Unknown
The New Markets Growth Fund Series A