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Industries
Biotechnology
Healthcare
Consumer Goods
Company Size
501-1,000
Company Stage
IPO
Total Funding
$829.6M
Headquarters
Sunnyvale, California
Founded
2006
23andMe offers direct-to-consumer DNA testing that provides individuals with insights into their ancestry, genetic traits, and potential health risks. Customers purchase a DNA testing kit, send in a saliva sample, and receive personalized genetic reports based on the analysis of their DNA. This service appeals to a wide range of people, from those curious about their family history to those wanting to understand their health predispositions. Unlike many competitors, 23andMe not only sells DNA kits but also offers subscription services for ongoing updates and insights, creating a recurring revenue model. Additionally, the company utilizes its large genetic database for research, partnering with institutions and pharmaceutical companies to advance genetic studies and potentially discover new treatments. The goal of 23andMe is to empower individuals with knowledge about their genetics while contributing to broader scientific research.
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Total Funding
$829.6M
Above
Industry Average
Funded Over
10 Rounds
Comprehensive health, vision, & dental plans
Family planning, support, & leave for parents
Mental healthcare
Student loan assistance
Volunteer time off
Dog friendly office
In layoffs, 23andMe is slashing 153 local jobs, including 122 positions in Sunnyvale and 31 positions at its headquarters in South San Francisco.
23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costs.
23andMe's financial struggles have been compounded by a cybersecurity breach last year, in which hackers accessed sensitive personal data for around 6.9 million users, though DNA records were reportedly not included.
23andMe to pay $30 million in genetics data breach settlement.
23andMe plans to launch a GLP-1 telehealth service.
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Industries
Biotechnology
Healthcare
Consumer Goods
Company Size
501-1,000
Company Stage
IPO
Total Funding
$829.6M
Headquarters
Sunnyvale, California
Founded
2006
Find jobs on Simplify and start your career today