Success stories

SOPHiA GENETICS

B3 Lifesciencesreport Casestudies

Established: 2011

Country: Switzerland

Region: Lausanne

Investors: Invoke Capital, Swisscom Ventures, Endeavour Vision

SOPHiA GENETICS’s cloud-based platform is at the nexus of cutting-edge technology, drug development, and the treatment of cancers and rare diseases. The SOPHiA DDM platform uses AI and machine learning to interpret real-life DNA data and give rapid and robust insight to doctors and researchers around the world. Insights can be shared with all participants, meaning that as the platform grows, the outputs are fed by more data and become more accurate. This, in turn, allows healthcare professionals to create better drugs and design more effective treatment programmes for patients.

Venture capital backing helped SOPHiA transform from a research tool developed at the École Polytechnique Fédérale de Lausanne into a fully-fledged software-as-a-service platform for the global healthcare industry. With investment, the Switzerland-headquartered company set up its first R&D centre in France and acquired molecular biology and genetic analytics company Biosoftware. SOPHiA GENETICS floated in 2021 and now serves healthcare institutions in over 70 countries.

IB Sophia Genetics

New Deep Learning Capabilities to Support the Detection of Homologous Recombination Deficiencies (Video – 01:50)

790
healthcare institution customers
$250m
raised from VC
500+
staff, internationally

Key achievements

  • Over 790 healthcare institution customers in more than 70 countries

  • 1m+ genomic profiles analysed

  • Ranked #5 most innovative company in biotech in 2018 by Fast Company1, and #30 in 50 Smartest Companies 2017 by MIT Tech Review2

Funding history3

  • Raised $250m from VC

  • Raised $234m in 2021 IPO at $1.1bn valuation, and $20m in further private placement

Employment impact

  • Created jobs for 415 employees as of July 2021

  • Currently 500+ staff in Europe and internationally

Find out more

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1. https://www.prnewswire.com/news-releases/fast-company-lists-sophia-genetics-in-prestigiouss-top-10-most-innovative-companies-in-biotech-for-2018-674593863.html
2. https://www.sophiagenetics.com/press-releases/sophia-genetics-ranked-30th-in-mit-technology-review-2017-list-of-50-smartest-companies/
3. Preqin