Ultima Genomics

Ultima Genomics

High-throughput genomic sequencing services

About

Ultima Genomics improves human health through advanced genomic sequencing technologies, processing large amounts of genetic data to provide insights into biology and diseases. Its unique sequencing architecture allows for extensive data collection, detection of small genetic variations, and routine testing for early disease detection. This capability gives clients, including researchers and healthcare providers, access to high-quality genomic information. The company's goal is to continuously innovate and expand its capabilities to help clients achieve significant advancements in understanding and treating diseases.

Company Stage

Late Stage VC

Employees

201-500

Industries

Biotechnology, Healthcare

Total Funding

$587.7M

Headquarters

Newark, New Jersey

Founded

2016


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Simplify's Take

What believers are saying

  • Ultima's UG 100 platform was selected for the UK's largest proteomics study.
  • Collaborations with Labcorp and Hartwig Medical enhance Ultima's clinical applications.
  • The UG 100 system's low cost and high accuracy drive adoption in precision oncology.

What critics are saying

  • Competition from Illumina and BGI threatens Ultima's market share in low-cost sequencing.
  • Rapid technological advancements may render Ultima's current technologies obsolete.
  • Ethical and privacy concerns could lead to regulatory challenges for Ultima Genomics.

What makes Ultima Genomics unique

  • Ultima Genomics offers a revolutionary sequencing architecture with the UG 100 platform.
  • The UG 100 system enables cost-effective sequencing, targeting the $100 genome milestone.
  • Ultima's technology provides ultra-high accuracy for detecting single nucleotide variants.

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Growth & Insights
Headcount

6 month growth

2%

1 year growth

1%

2 year growth

1%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Paid Holidays

Paid Vacation

Employee Assistance Program

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