Ginkgo designs expansion with $9M fund

Written By Unknown on Kamis, 19 Maret 2015 | 16.30

A Boston biotech has raised $9 million in venture capital to expand its manufacturing process for designing custom organisms.

"It's like a factory floor. We have operators and technicians running robotics to build these microbes for customers," said Jason Kelly, co-founder of Ginkgo Bioworks. "Partially what we're using the funding for is to expand the kind of work we can do."

Calling itself an "organism design company," Ginkgo has developed an 18,000-square-foot foundry for building organisms to order for customers. Using­ robotics and automation, the system, called Bioworks1, takes 10 employees to do the work of 100 bioengineers.

The company built a yeast strain that produces rose oil for a fragrance maker so it doesn't have to use real roses. Ginkgo also works with algae and bacteria to develop organisms for natural sweeteners, cosmetics and others.

"It's a new industry, it's the overlap of industrial design and biology," Kelly said. "Humans have a long history of working with biology and designing biology. This is part of that tradition, with a suite of new tools."

Ginkgo raised $9 million in venture financing, including from Felicis Ventures, Data Collective and OS Fund.

"Biology will be one of the most defining and revolutionary technologies of the coming decades and will reinvent multiple industries from health care to energy," said Bryan Johnson, founder of OS Fund in a statement. "Ginkgo Bioworks has a world-class team of engineers building the tools and infrastructure that will allow us to use biology to address global challenges for generations to come."


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