Twist Bioscience secures $50m to advance DNA Synthesis Platform

By Melissa Fassbender

- Last updated on GMT

(Image: Getty/Antiv3D)
(Image: Getty/Antiv3D)
The synthetic DNA provider Twist Bioscience Corporation has completed a private placement of $50m to advance its proprietary, silicon-based DNA Synthesis Platform.

The San Francisco, CA-based company plans to invest part of the funds in “the emerging vertical market opportunity presented by storing digital data in DNA”​ as well as “forward integration toward drug discovery,” ​said Twist Bioscience CEO Emily M. Leproust, PhD.

The company has raised $259m since its inception in 2013 and has seen an increase in demand across several areas where companies use its services, Leproust told us.

This includes pharmaceuticals/biotech customers who use the platform to support the drug discovery process as well as next-generation sequencing for target enrichment and detection of disease-causing genetic variations, she said.

“We have used our proprietary DNA synthesis platform, which delivers precision at a scale previously not available, to develop a portfolio of diverse products for two large market opportunities – the synthetic biology market through our gene and oligo pool offerings, and the next-generation sequencing market through our exome and custom target enrichment solutions,”​ Leproust explained in the press release.

Twist Bioscience has a second site in South San Francisco and international offices in Tel Aviv, Israel. In February, the company opened a new 2,500 square-foot office space in the San Diego, CA area.

The company also in February announced the commercial availability of several new products to enhance next-generation sequencing, including its Twist Human Core Exome Kit and its Custom Panels offering.

As of February, the company had shipped more than 150,000 genes in the last 12 months.

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