Illumina

Illumina

Supports genomics startups through funding and resources

About Illumina

Simplify's Rating
Why Illumina is rated
B+
Rated C on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Venture Capital

Biotechnology

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

San Diego, California

Founded

1998

Overview

Company Historically Provides H1B Sponsorship

Illumina focuses on fostering innovation in the genomics industry by supporting startups through its Illumina Accelerator program. This program provides funding and resources to entrepreneurs looking to create and grow genomics-related businesses. The Illumina Accelerator operates in the San Francisco Bay Area and Cambridge, UK, and has successfully invested in 68 startups that have collectively raised over $1 billion in venture capital. What sets Illumina apart from its competitors is its strong partnership with leading venture capital investors and its deep integration with Illumina's research and development capabilities. The goal of Illumina is to build a thriving ecosystem for genomics startups, helping them to launch and scale their businesses effectively.

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Simplify's Take

What believers are saying

  • Illumina's collaboration with Nashville Biosciences accelerates drug target discovery.
  • Recognition in Dow Jones Indices highlights Illumina's sustainability and industry leadership.
  • Expansion of multiomics portfolio strengthens Illumina's market position and innovation capabilities.

What critics are saying

  • China's export restrictions could impact Illumina's revenue from a key market.
  • Increased competition from genomics startups may threaten Illumina's market share.
  • CIO Carissa Rollins' retirement may create a temporary leadership gap.

What makes Illumina unique

  • Illumina's array-based solutions are pivotal for disease research and drug development.
  • The company leads in integrating genomics with multiomics for comprehensive disease understanding.
  • Illumina Accelerator supports genomics startups, fostering innovation in the industry.

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Funding

Total Funding

$1374M

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
Endpoints News
Mar 25th, 2025
Illumina adds activist investor to board, taps former FDA head as chair

Illumina on Tuesday added activist investor Keith Meister to its board and named director Scott Gottlieb, a former FDA commissioner, as board chair.

Investing.com
Mar 24th, 2025
Illumina CIO Carissa Rollins to retire in April

SAN DIEGO, CA - Illumina, Inc. (NASDAQ:ILMN), a leader in laboratory analytical instruments currently trading at $84.79, announced today that Chief Information Officer Carissa Rollins will retire effective April 11, 2025.

Illumina
Mar 24th, 2025
Interrogating challenging genomic regions provides new answers for patients

For the first poster, "Genome Sequencing Detects Transposable Element Insertions in Two Diagnostic Challenging Cases," Illumina partnered with the University of Washington, Sanford Children's Specialty Clinic, and Le Bonheur Children's Hospital.

PR Newswire
Mar 19th, 2025
Alliance For Genomic Discovery Completes 250,000 Whole Genomes To Accelerate Drug Discovery

Creates one of the largest, most comprehensive clinical genomic datasets of its kind; multiomic data to be added in next phase of program      AGD members are using the population-level insights to uncover novel drug targets SAN DIEGO, March 19, 2025 /PRNewswire/ -- Illumina Inc. (NASDAQ: ILMN) and Nashville Biosciences, LLC (NashBio), a leading clinical and genomic data company and wholly owned subsidiary of Vanderbilt University Medical Center (VUMC), today announced that 250,000 whole genomes have been sequenced for the Alliance for Genomic Discovery (AGD) initiative. Insights from the AGD database are being leveraged to accelerate drug target discovery, therapeutic research and clinical development

PR Newswire
Mar 10th, 2025
Illumina Addresses Recent Developments In China

Announces Fiscal Year 2025 Non-GAAP Diluted EPS of Approximately $4.50SAN DIEGO, March 10, 2025 /PRNewswire/ -- Illumina, Inc. (Nasdaq: ILMN) ("Illumina" or the "company") today responded to the March 4, 2025 notice from the China Ministry of Commerce ("MOFCOM") that Illumina is not permitted to export sequencing instruments into China. Illumina respects MOFCOM's decision and will continue to comply with all applicable laws and regulations wherever the company operates. Illumina has had a long-standing presence in China, and the company continues to serve its clinical and research customers there."We remain focused on achieving high-single-digit revenue growth by 2027, while expanding our margins," said Jacob Thaysen, CEO of Illumina. "We are confident in the large global market opportunity for our solutions, the strength of our business, and our strategy to continue to lead innovation in genomics and multiomics in support of our customers."As the company recently highlighted, Illumina will continue expanding its multiomics portfolio with new roadmap technologies spanning genomics, spatial, single cell, and methylation, as well as a new multimodal data analysis platform. These solutions leverage the power of Illumina's leading NovaSeq X series platform and will enable researchers to derive breakthrough insights around the drivers of disease

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