Meet Benchling, the latest unicorn seeking to revolutionize the way scientists do work with the help of the cloud
There’s another unicorn in biotech land, as Benchling and its leading R&D cloud platform pull in a $200 million Series E to help scientists accelerate drug development. In doing so, the company hit a lofty $4 billion valuation — nearly five times what it was worth around this time last year, according to Forbes.
Despite the fact that drug development is becoming significantly more complex, the industry continues to run on paper, emails and spreadsheets, co-founder and CEO Sajith Wickramasekara said in a video on Benchling’s website. The former MIT student sought to change that by creating software that allows scientists to better track, model and forecast their work.
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