# Benchling

## Overview
Software for biotech teams to design, document, and manage scientific experiments and samples.

### Revenue
- **2023 Revenue**: $185.00M  
- **2024 Valuation**: $6.10B  
- **2024 Funding**: $412.00M  
- **2024 Growth Rate (y/y)**: 27%

## Details
- **Headquarters**: San Francisco, United States  
- **CEO**: Sajith Wickramasekara  
- **Website**: [benchling.com](https://www.benchling.com/)

### Milestones
- **Founding Year**: 2012

## Revenue Summary
### Benchling Data Summary

### Annual Recurring Revenue (ARR) & Growth Rate
- **ARR**: $185.0M  
- **ARR Growth**: ↑ 27.6% YoY

## Financial Data
### Valuation & Funding Summary

- **Valuation**: $6.1B  
- **Total Amount Raised**: $412 million

### Valuation & Funding History
| Date       | Event         | Valuation | Amount   | Price   | Status |
|------------|---------------|-----------|----------|---------|--------|
| Nov 2021  | Series F     | $6.1B     | $100M    | $32.70  | Closed |
| Apr 2021  | Series E     | —         | —        | —       | Closed |
| May 2020  | Series D     | —         | —        | —       | Closed |
| Jul 2019  | Series C     | —         | —        | —       | Closed |
| Jun 2018  | Series B     | —         | —        | —       | Closed |
| Oct 2016  | Series A     | —         | —        | —       | Closed |
| Apr 2015  | Seed         | —         | —        | —       | Closed |
| Feb 2014  | Seed         | —         | —        | —       | Closed |

## Product Overview
Benchling provides a suite of software tools designed to streamline and optimize the entire biotech R&D lifecycle, including:
1. **Experiment Design and Documentation**
2. **Sample Tracking and Management**
3. **Workflow Orchestration and Collaboration**
4. **Data Capture, Analysis, and Visualization**

### Core Modules
- **Notebook**: Digital lab notebook.
- **Molecular Biology**: Tools for designing and analyzing sequences.
- **Registry**: Database for tracking biological entities.
- **Inventory**: Tracks storage and usage of lab materials.
- **Workflows**: Orchestrates complex R&D processes.

### Benchling AI
Benchling AI, with free access for academic scientists, includes tools like Deep Research and Compose, enhancing research efficiency.

### Business Model
Benchling operates on a SaaS model, providing a predictable revenue stream through subscription fees.

## Competition
- **Legacy Players**: Players like Dassault Systèmes and Thermo Fisher Scientific are primary competitors, though they often lack the flexibility and integration offered by Benchling.
- **Startups**: Emerging companies like Riffyn and TetraScience also compete in the cloud software space.

## Total Addressable Market Expansion
### The Bioeconomy Revolution
The bioeconomy is expected to transform sectors, making Benchling’s offerings critical in this landscape.

### The Rise of Synthetic Biology
Benchling is well-positioned to support the fast-growing synthetic biology industry, aiding innovation across multiple sectors.

## Recent News
### Benchling Launches Model Hub
On May 13, 2026, Benchling positions itself for enhanced AI-driven biotech innovation, potentially accelerating drug development.