Top 20 Biotech Startups Revolutionizing the Industry

Empty biotech lab.

Biotech is where science and technology meet to create innovative and impactful solutions such as diagnostics and medications for life-threatening illnesses. As technology becomes more advanced, the capabilities of this industry continue to grow and expand. These startups are pushing the limits of biotechnology as we know it to create life-changing treatments, devices, and more. 

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Top Biotech Companies

Biotechnology companies utilize the power of tech to develop pharmaceutical innovations for any number of conditions. These top biotech companies aim to provide solutions to more effectively diagnose or treat everything from cancer to cardiovascular diseases.

Disclaimer: With so many exciting startups launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.

1. Detect

Location: Guilford, Connecticut
Funding: Undisclosed

Detect is a biotech company that utilizes the power of artificial intelligence to discover impactful, innovative biotechnology tools such as rapid PCR testing for COVID-19 as well as other industry-shifting, accessible diagnostic tools.

2. Monte Rosa Therapeutics

Location: Boston, Massachusetts
Funding: $223.5 Million

Monte Rosa Therapeutics provides innovative cancer therapeutics that modulate protein degradation pathways by targeting disease-creating proteins to create a more effective treatment option.

3. Urovant Sciences

Location: Irvine, California
Funding: $100 Million

Urovant Sciences is a biotech company that develops a variety of alternative, innovative therapies for urologic conditions.

4. Chinook Therapeutics

Location: Vancouver, Canada
Funding: $171 Million

Chinook Therapeutics is a clinical-stage biotechnology company that develops precise therapeutics for chronic kidney illnesses, specifically rare and severe conditions.

5. Recursion Pharmaceuticals

Location: Salt Lake City, Utah 
Funding: $465.4 Million 

Recursion Pharmaceuticals is a clinical-stage biotech and drug-development company that utilizes the capabilities of machine-learning technology to offer an innovative drug-discovery platform and pipeline.

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6. ElevateBio

Location: Waltham, Massachusetts 
Funding: $845 Million

ElevateBio is a portfolio of impactful, inventive biotechnology companies specializing in gene and cell therapies that are utilized to develop new medicines and treatments.

7. Karuna Therapeutics

Location: Boston, Massachusetts
Funding: $118.6 Million

Karuna Therapeutics aims to provide patients with psychiatric and neurological conditions with effective treatments in order to combat the unmet needs of these communities.

8. Cue Health

Location: San Diego, California
Funding: $664.6 Million

With accessible diagnostics at the forefront of the biotech industry, Cue Health has been paving the way since 2010 to provide patients with the tools and resources to effectively manage their own health through at-home diagnostics.

9. AccessDx Lab

Location: Houston, Texas
Funding: Undisclosed

AccessDx Lab is one of the trusted leaders in COVID-19 testing. This, in combination with their various other infectious disease testing options, is essential for providing care teams with more impactful and efficient diagnostic tools.

10. Arranta Bio

Location: Watertown, Massachusetts
Funding: $82 Million 

Arranta Bio is a contract development and manufacturing organization (CDMO) that partners with biotech companies to generate therapeutic solutions.

11. AlloVir

Location: Cambridge, Massachusetts
Funding: $159 Million 

AlloVir creates off-the-shelf, virus-specific T-cell (VST) therapies to treat and prevent the spread of infectious diseases for patients with T-cell deficiencies and therefore limited treatment options.

12. IsoPlexis

Location: Branford, Connecticut
Funding: $203.5 Million

IsoPlexis is dedicated to creating life-changing medications. Its innovative tools and systems help accelerate the generation of medications for faster access to better treatment options.

13. Color

Location: Burlingame, California 
Funding: $397 Million 

Color is a healthcare platform that aims to make large-scale health initiatives easier to scale and implement through software and infrastructure options that work for companies, public health agencies, and more.

14. Benchling

Location: San Francisco, California
Funding: $311.9 Million

Benchling is a biotech company made for biotech companies. Its cloud-software platform is created for the use of researchers and research and development organizations.

15. Absci

Location: Vancouver, Washington 
Funding: $237.9 Million

Absci incorporates artificial intelligence with synthetic biotechnology to discover and develop therapies through proteins.

16. Passage Bio

Location: Philadelphia, Pennsylvania 
Funding: $379.5 Million 

Passage Bio leverages the insight and capabilities of gene therapy to develop new and powerful medications. Through its partnership with Pennsylvania’s Gene Therapy Program (GTP), this company is able to research and develop life-changing medications and treatments.

17. Verve Therapeutics

Location: Cambridge, Massachusetts
Funding: $215.5 Million 

Verve Therapeutics is taking on cardiovascular disease, the world’s most common cause of death, with gene-editing medications for patients at risk for cardiovascular disease.

18. Kronos Bio

Location: San Mateo, California
Funding: $278 Million 

Kronos Bio is a clinical-stage biotechnology company working hard to discover and develop cancer-fighting medications by targeting dysregulated transcription factors. The company’s primary focus is the treatment of leukemia and MYC-dependent solid tumors.

19. Mesa Biotech

Location: San Diego, California
Funding: $39.4 Million 

Mesa Biotech is the middle ground between data and testing, providing affordable, accessible, and rapid COVID-19 PCR testing solutions.

20. Inflammatix

Location: Burlingame, California
Funding: $136.1 Million

Inflammatix is a biotechnology company that has developed tech to gauge patients’ immune response to infections to inform better diagnostic and treatment options safely and easily. 

Recommended: Check out our full list of the hottest startups to watch in 2022!