ElevateBio

ElevateBio

Biotechnology for cell and gene therapies

About ElevateBio

Simplify's Rating
Why ElevateBio is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

501-1,000

Company Stage

Series D

Total Funding

$1.2B

Headquarters

Waltham, Massachusetts

Founded

2017

Overview

ElevateBio operates in the biotechnology sector, focusing on cell and gene therapy. The company utilizes its proprietary technologies, including gene editing and induced pluripotent stem cells (iPSC), to develop and manufacture therapies. Their products are designed to address various health conditions, particularly rare and cardiometabolic diseases, through partnerships with other biotech firms and healthcare providers. ElevateBio's unique approach combines manufacturing and therapeutic development within an integrated ecosystem, allowing them to streamline the process from discovery to commercialization. This sets them apart from competitors who may not offer such a comprehensive solution. The company's goal is to advance the field of cell and gene therapies by removing barriers to scientific breakthroughs and providing effective treatments to patients.

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Simplify's Take

What believers are saying

  • Partnership with AWS enhances gene editing capabilities using generative AI tools.
  • Strategic expansion into new markets through partnerships, like with University of Pittsburgh.
  • Recent $401 million Series D financing boosts growth and development potential.

What critics are saying

  • Competition from new facilities like University of Pittsburgh's BioForge may challenge market position.
  • Over-reliance on partnerships could pose risks if they don't yield expected results.
  • Rapid integration of AWS's generative AI tools may lead to data management challenges.

What makes ElevateBio unique

  • ElevateBio integrates R&D and manufacturing for efficient cell and gene therapy development.
  • The company leverages proprietary technologies like gene editing and iPSC for therapy creation.
  • ElevateBio's partnerships with leading scientists enhance their innovative therapy portfolio.

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Funding

Total Funding

$1246M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$401M
ElevateBio

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

↑ 4%

1 year growth

↑ 0%

2 year growth

↑ 2%
Pharmaceutical Technology
Mar 11th, 2025
ElevateBio taps Amazon's genAI tools to design CRISPR therapeutics

ElevateBio has partnered with Amazon Web Services (AWS) to expedite the discovery and development of gene editing therapeutics using generative AI (genAI).

Daily Energy Insider
Oct 4th, 2024
ComEd's Whole Home Electric Program electrifies 450 low-income homes in Chicago

"ComEd is proud to work hand in hand with partners like Elevate and Bickerdike to deliver innovative, clean energy technologies to communities that need them most.

TrialStat
Jan 22nd, 2024
Xcell Biosciences Announces Collaboration with ElevateBio to Advance Technology Development for Cell and Gene Therapies

In addition, Michael Paglia, Chief Technology Officer at ElevateBio's BaseCamp(R), has joined Xcellbio's Scientific Advisory Board.

Technical.ly
Sep 20th, 2023
Pitt’S Bioforge Approved, Bringing Further Tech Facilities To Hazelwood

Hazelwood’s buildup of modern manufacturing is poised to continue with city approval of the University of Pittsburgh’s plan for a biomanufacturing facility. The City Planning Commission approved a proposal for a 68-foot-tall building totaling 185,000 square feet that will house a cell- and gene-therapy facility. The approval of the BioForge building continues the high tech redevelopment of the 178-acre area known as Hazelwood Green, which includes the neighboring Mill 19, housing Carnegie Mellon University’s Manufacturing Futures Institute. And nearby is a site for which CMU recently received commission approval to build a robotics laboratory. Architecture firm HOK expects construction of the BioForge facility to begin later this year and to be completed by mid-2025. Pitt has partnered with a Massachusetts-based company, ElevateBio, and construction of BioForge is expected to cost $250 million, according to HOK

Wilson Sonsini Goodrich & Rosati
Jul 25th, 2023
Wilson Sonsini advises ElevateBio on completion of lease agreement | Wilson Sonsini

On July 21, 2023, ElevateBio, a technology-driven company built to power the development of transformative cell and gene therapies, completed the lease of its new BaseCamp manufacturing facility in Pittsburgh, per their long-term strategic partnership with the University of Pittsburgh to accelerate the development of highly innovative cell and gene therapies.

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ElevateBio is Hiring for 5 Jobs on Simplify!

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ElevateBio is Hiring for 5 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update ElevateBio's jobs every few hours, so check again soon! Browse all jobs →

People Also Viewed

Discover companies similar to ElevateBio

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