Carterra is a technology company.
Carterra has raised $24.0M across 3 funding rounds.
Carterra has raised $24.0M in total across 3 funding rounds.
Carterra is a biotechnology company specializing in high-throughput Surface Plasmon Resonance (HT-SPR) platforms that accelerate monoclonal antibody (mAb) discovery, characterization, and small molecule drug screening.[1][2][3] Its flagship products—the LSA®, LSA XT®, and the newly launched Ultra™—combine patented microfluidics with real-time SPR imaging to deliver up to 100 times the throughput in 10% of the time using only 1% of the sample compared to traditional label-free platforms, serving pharmaceutical companies, biotech firms, and academic labs tackling antibody screening, epitope binning, fragment analysis, and biophysical assays.[1][2][3][4] These tools address bottlenecks in drug discovery by enabling rapid kinetic analysis, AI/ML-integrated workflows, and applications in cancer, neuroscience, infectious diseases, and immuno-oncology, with reported 2024 record revenues of $23.2M and double-digit growth amid challenging market conditions.[1][4]
Founded in 2005 in Salt Lake City, Utah, Carterra emerged from innovations in the lab of Prof. Bruce Gale at the University of Utah's Department of Mechanical Engineering, where patented flow printing technology was developed using microchannels for precise, array-based protein and antibody immobilization on sensor chips.[1][7] This microfluidics breakthrough addressed limitations of spotter-based methods by maintaining proteins in liquid environments for optimal binding, evolving into the integrated LSA platform that matches high-output antibody expression systems.[3][7] Early traction included pivotal use by Eli Lilly to develop bamlanivimab, the world's first COVID-19 therapeutic, in a 90-day sprint, solidifying Carterra's role in urgent drug discovery.[6] Backed by investors like PerkinElmer, Telegraph Hill Partners, and Ballast Point Ventures, the company has expanded from antibody focus to small molecule and fragment screening with the 2024 Ultra™ launch.[1][2][4]
Carterra rides the wave of AI-accelerated drug discovery and high-throughput biology, where exploding antibody libraries and fragment-based screening demand faster, sample-efficient characterization to feed machine learning models.[1][5][6] Timing is ideal amid post-pandemic urgency for rapid therapeutics—exemplified by its COVID-19 role—and biopharma's push for cost-effective pipelines despite capital constraints, as 2024's double-digit growth shows resilience.[4][6] Market forces like rising mAb/small molecule demand in oncology and neuroscience favor its tools, influencing the ecosystem by standardizing HT-SPR for pharma giants and academics, expanding IP portfolios, and enabling novel candidates that traditional methods miss.[1][2][3]
Carterra's momentum—capped by the first Ultra™ shipment in early 2025—positions it to dominate small molecule and next-gen biotherapeutic screening as AI/ML workflows scale.[4] Expect deeper integration with automation, membrane protein assays, and PROTAC/TPD applications, fueled by trends like precision medicine and multi-omics data fusion.[2][3][5] Its influence could grow through partnerships with expression platforms and big pharma, potentially driving acquisitions or expansions amid biotech recovery, reinforcing its edge in speeding therapies from lab to clinic.[1][4][6] This high-throughput pioneer continues transforming drug discovery's speed and scale.
Carterra has raised $24.0M in total across 3 funding rounds.
Carterra's investors include Telegraph Hill Partners.
Carterra has raised $24.0M across 3 funding rounds. Most recently, it raised $8.0M Venture Round in December 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2020 | $8.0M Venture Round | Telegraph Hill Partners | |
| Jan 1, 2020 | $6.0M Venture Round | Telegraph Hill Partners | |
| Jan 1, 2018 | $10.0M Venture Round | Telegraph Hill Partners |