Ultima Genomics

Ultima Genomics

High-throughput genomic sequencing services

About Ultima Genomics

Simplify's Rating
Why Ultima Genomics is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Differentiation

Industries

Biotechnology

Healthcare

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$604.2M

Headquarters

Newark, New Jersey

Founded

2016

Overview

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 regular testing for early disease detection. This focus on breadth, depth, and frequency of data collection sets Ultima Genomics apart from competitors. The company's goal is to empower researchers and healthcare professionals to achieve breakthroughs in understanding and treating diseases.

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Simplify's Take

What believers are saying

  • UG 100 platform selected for UK's largest proteomics study, boosting credibility.
  • Partnerships with Labcorp and Hartwig Medical expand clinical applications and accessibility.
  • AI integration accelerates biomarker discovery, enhancing Ultima's sequencing technologies.

What critics are saying

  • Competition from Illumina may impact market share and pricing strategies.
  • Rapid technological advancements could render Ultima's technologies obsolete if innovation lags.
  • Data privacy concerns and regulations could affect operations and data handling.

What makes Ultima Genomics unique

  • Ultima Genomics offers ultra-high-throughput sequencing with the UG 100 platform.
  • The company provides cost-effective whole genome sequencing, reducing costs by 20%.
  • Ultima's sequencing architecture enhances data breadth, depth, and frequency for comprehensive insights.

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Funding

Total Funding

$604.2M

Above

Industry Average

Funded Over

2 Rounds

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

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Paid Holidays

Paid Vacation

Employee Assistance Program

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

0%
HTXT
Apr 9th, 2025
How AI is being used to find a cure for Parkinson's Disease

Here, AWS is working with the likes of California-based company Ultima Genomics, which has developed software, algorithms and training of its AI models on AWS for its next-generation DNA sequencer.

Duniata
Apr 6th, 2025
Ultima genomics offers 3 trillion free sequencing reads to support the scientific community

Ultima Genomics, developer of an ultra-high-throughput sequencing architecture, today announced the launch of its "Count on Us" initiative.

PR Newswire
Feb 26th, 2025
Ultima Genomics Increases Output By Over 50% And Lowers Sequencing Costs By A Further 20% With The Introduction Of Ug 100 Solaris(Tm)

Commercial launch of UG 100 Solaris which includes new chemistry, software, and simplified workflows for the UG 100 sequencing platform, now with expanded applications support and integration with leading 'omics' technologies. Over 50% increase in output to 10 to 12 billion reads per wafer and pricing reduced by 20% to $0.24 per million reads, enabling the $80 genome. Increased sensitivity with 5X yield improvement for the SNVQ60 ppmSeq™ mode enabling 30X coverage from as little as 2 nanograms of DNA (1/5th of the cfDNA found in a standard tube of blood)

IR Press Wire
Feb 26th, 2025
Compugen Enhances its AI/ML Predictive Computational Discovery Platform, Unigen(TM) with Ultima Genomics' Single Cell Genomics Sequencing Technology

Compugen enhances its AI/ML predictive Computational Discovery platform, Unigen(TM) with Ultima Genomics' Single Cell Genomics sequencing technology.

Securities.io
Feb 24th, 2025
Illumina (Ilmn): Building The Picks And Shovels Of The Genomic Age

Genome Sequencing Cost CurveFor most of the history of medicine, doctors have been limited to observing symptoms and trying to alleviate them. This has been especially true for non-infectious diseases stemming from dysfunction in the body, including genetic diseases.With the discovery of DNA structure and function, awarded the 1962 Nobel Prize in Medicine , we started to have a better understanding of how the biological system truly works. PCR technology, awarded the 1993 Nobel Prize in Medicine , would open new ways to analyze it.This further expanded when full genomes started to be sequenced. The first human genome was sequenced in 2003 after 13 years of hard work, for a cost of $3B. Quickly, full-genome sequencing started to become cheaper and cheaper. By 2007, it would cost “only” $1M to sequence a full genome

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