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.
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
Raised $250m from VC
Raised $234m in 2021 IPO at $1.1bn valuation, and $20m in further private placement
Created jobs for 415 employees as of July 2021
Currently 500+ staff in Europe and internationally
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