Overview

Emerald Cloud Lab provides a cloud-based platform that allows scientists and researchers to conduct experiments and analyze data remotely, without needing to be in a physical laboratory. This virtual lab environment is designed for professionals in academia, biotechnology, pharmaceuticals, and other life sciences fields, enabling them to focus on their research ideas rather than the logistical challenges of traditional labs. ECL operates on a subscription model, where clients pay for access to the platform and its scientific instruments, with additional charges for specific experiments or data analysis services. This approach not only reduces the costs associated with physical labs but also enhances the efficiency of scientific research. ECL's goal is to democratize access to advanced scientific tools and resources, making high-quality research more accessible and efficient.

Simplify's Take

What believers are saying

• Partnership with CellKey expands ECL's reach in the biotechnology sector.
• Open-sourcing Symbolic Lab Language fosters innovation and collaboration in research.
• Expansion to Austin, Texas, increases capacity and potential revenue streams.

What critics are saying

• Technical challenges in CellKey partnership could affect ECL's reputation.
• Transition to Austin facility may disrupt operations and increase costs.
• Open-sourcing technology risks competitors developing similar platforms.

What makes Emerald Cloud Lab unique

• ECL offers a unique cloud-based platform for remote scientific experimentation.
• Their virtual lab reduces logistical challenges, enhancing research efficiency and innovation.
• ECL's subscription model provides flexible pricing for diverse research needs and budgets.

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Funding

Total Funding

$48.1M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Founders Fund

Notable Investors:

Founders Fund

$15,000,000

Series A

Nov 2016

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Meet Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$15M

$100M

View all funding stages