Deeptech startup Algorithmic Biologics launches Tapestry platform at Genomics India Conference 2024, reducing genomics testing costs by 60-90% through library preparation cost elimination.

Deeptech startup Algorithmic Biologics (AlgoBio) has developed the Tapestry platform for next-generation sequencing (NGS), which can significantly reduce the costs of genomics testing. AlgoBio has unveiled this platform at the Genomics India Conference 2024. The Tapestry platform is designed to empower genomics labs to cut sequencing costs by eliminating 60% to 90% of library preparation costs, which make up 33%-50% of the total sequencing costs. The startup, founded by Dr Manoj Gopalkrishnan, has recently secured $2.5 million in pre-series A funding led by Bharat innovation Fund (BIF) with participation from existing investor Axilor Ventures.

February 05, 2024
7 Articles