Paragon Genomics

Paragon Genomics

Develops targeted NGS panels for sequencing

Overview

Paragon Genomics develops custom next-generation sequencing (NGS) panels, led by its CleanPlex targeted amplicon sequencing technology for fast, accurate results in precision medicine and research. It designs, manufactures, and sells these panels and also offers consult services to help plan and implement sequencing projects, with strength in detecting viruses like SARS-CoV-2 from samples with low viral content. The company differentiates itself with an end-to-end design and production pipeline that delivers uniform coverage and the flexibility to target single genes or larger panels. Serving researchers, IVD and biopharma organizations globally, its goal is to enable high-quality targeted sequencing and provide reliable panels with strong customer support.

About Paragon Genomics

Simplify's Rating
Why Paragon Genomics is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Biotechnology

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$8M

Headquarters

Fremont, California

Founded

2015

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Simplify's Take

What believers are saying

  • Genecast partnered with Paragon on July 30, 2025 to push oncology panels globally.
  • Biosecure ID began UK and Ireland distribution on July 9, 2024, expanding reach.
  • Paragon has kept shipping new panels in 2025, including hereditary cancer and pharmacogenomics.

What critics are saying

  • CleanPlex remains research-use-only, limiting regulated diagnostics revenue until FDA or CE IVD clearance.
  • Illumina and hybrid-capture incumbents can outspend Paragon on validation and distribution.
  • A narrow product base around CleanPlex makes platform obsolescence an existential risk.

What makes Paragon Genomics unique

  • CleanPlex runs on Illumina, Ion Torrent, and MGI without redesigning panels.
  • Paragon launched a CleanPlex Pharmacogenomics panel at AMP 2025 for PGx workflows.
  • Its 3-hour, patented background-cleaning chemistry lowers noise versus standard amplicon methods.

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Funding

Total Funding

$8M

Below

Industry Average

Funded Over

1 Rounds

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
Below Average

Industry standards

$15M
$8M
Paragon Genomics
$8.2M
Discord
$15M
Canva
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Health Savings Account/Flexible Spending Account

Flexible Work Hours

Paid Vacation

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-5%

2 year growth

-5%
GlobeNewswire
Jul 9th, 2024
Paragon Genomics Partners With Biosecure Id To Expand Access To Cleanplex(R) Technology In The Uk And Ireland

FREMONT, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- Paragon Genomics, a California-based leader in advanced amplicon-based target enrichment solutions for next-generation sequencing (NGS) and precision medicine, today announced an agreement with Biosecure ID to distribute its CleanPlex® products and technology in the United Kingdom and the Republic of Ireland. CleanPlex is a proprietary, ultra-high multiplexed target enrichment technology for NGS-based assays for research and diagnostic testing. Biosecure ID, a new UK-based value-added reseller with expertise in applied genomics, is a for-profit unit of Science Social for Good CIC, an organization dedicated to expanding the availability of locally based genetic research and testing services globally.Tao Chen, Chief Executive Officer of Paragon Genomics, said, “This agreement with the DNA testing visionaries at Biosecure ID caps a year in which we have been expanding the reach of our CleanPlex® products and services via new relationships with a diverse group of distributors serving territories around the globe, including Asia, Europe, Africa and Central America. The UK and Ireland with their advanced life sciences research and clinical communities represent substantial markets for our unique technology, which provides highly advanced and robust targeted resequencing solutions that are easy to use. We look forward to working with the experienced genomics industry experts at Biosecure ID to increase the availability of CleanPlex® products and services in Britain and Ireland and further our mission of advancing precision medicine.”Yogesh Prasad, PhD, MBA, a Co-founder and Director of Biosecure ID, commented, ”As a value-added reseller embodying both a mission and substantial genomics expertise, we are very pleased to partner with Paragon Genomics in the UK and Ireland to distribute their innovative CleanPlex® technology for targeted NGS panel preparation. Our two companies are committed to providing state-of-the-art DNA technologies that advance the utility of genomic testing around the world and are also simple, fast and easy-to-use

MarketScreener
Mar 2nd, 2023
Paragon Genomics Partners with Devyser to Expand CleanPlex Technology Distribution In Italy | MarketScreener

FREMONT - Paragon Genomics, a California -based leader in advanced amplicon-based target enrichment solutions for next-generation sequencing (NGS) and precision medicine, today announced a partnership with Devyser, a world leader in diagnostic kits and solutions for advanced DNA testing, to distribute its CleanPlex products and technology in Italy, with the option to expand into additional territories.

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