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§ Private Profile · Greenville, SC, USA
Precision oncology company providing predictive data from 3D cell culture platforms using live tumor tissue for personalized cancer medicine.
KIYATEC, based in Greenville, South Carolina, develops 3D cell culture platforms utilizing patients' live tumor tissue to predict responses to cancer therapies before treatment, enabling personalized medicine. The company offers commercial assays, including 3D Predict™ Glioma for glioblastoma, and provides predictive data from ex vivo testing for clinical and preclinical applications to biopharmaceutical companies and leading cancer institutions. KIYATEC has secured over $5 million in federal funding and announced a $5 million expansion in 2021, projected to create 91 new jobs with new offices by January 2022 and a CLIA lab by April 2022. Backed by organizations such as LabCorp, the company established its CLIA-certified lab and began clinical studies in 2015, with CEO Matt Gevaert leading its strategic direction. KIYATEC was founded in 2005 by Matt Gevaert and a co-founder, leveraging technology initially developed at Clemson University.
KIYATEC has raised $25.5M across 5 funding rounds.
KIYATEC has raised $25.5M in total across 5 funding rounds.
KIYATEC has raised $25.5M across 5 funding rounds. Most recently, it raised $18.0M Series C in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2022 | $18M Series C | Bruker | Aphelion Capital, Harlem Capital, Seae Ventures, Labcorp, VentureSouth | Announced |
| Apr 30, 2021 | $2.5M Venture Round | Jason Robart | — | Announced |
| Apr 1, 2021 | $3M Series U | — | Aphelion Capital, Harlem Capital, Seae Ventures | Announced |
| Sep 18, 2014 | $2M Grant | National Cancer Institute | — | Announced |
| Mar 27, 2013 | $30K Grant | Grainger Foundation | — | Announced |
KIYATEC is a precision oncology company developing ex vivo 3D cell culture technology to predict individual cancer patient responses to therapies using live tumor cells from biopsies or resections.[1][2][6] Its flagship 3D Predict platform creates patient-specific microtumors in a CLIA-certified lab, testing up to 1,000 drugs in 7-10 days to inform oncologists on effective treatments, reducing ineffective therapies for cancers like high-grade gliomas.[3][4][6] The company serves cancer patients, oncologists, and pharma firms—solving the problem of low response rates (often <30%) by enabling functional precision medicine, with culture services accelerating drug development pre-trials.[2][4][5] Backed by >$5M in NCI SBIR grants and $18M Series C in 2022, KIYATEC shows strong growth, expanding from gliomas to ovarian, breast, lung, and rare tumors while anchoring Greenville, SC's innovation district.[2][4][7]
KIYATEC emerged from research at Clemson University, where founders Matthew (Matt) Gevaert, PhD (cofounder, board member, CEO at launch) and a scientific partner pioneered 3D cell culture for modeling tumor responses.[2][5][7] Gevaert, with expertise in disrupting therapy selection, spun out the tech to predict drug efficacy using patient-derived live cells, addressing gaps in 2D models.[3][5] Early traction came via SCRA's SC Launch funding and Product Development Fund, evolving focus from research to commercialization—securing $3.75M NCI Phase I/II SBIR (2014-2015), another $1.75M Phase IIB, and clinical collaborations.[2][3] Pivotal moments include launching the first commercial 3D Glioma test for brain/spinal tumors and raising Series C in 2022 under CEO Eric Perreault, who rebranded for patient/pharma markets.[4][7]
KIYATEC stands out in precision oncology through these key strengths:
KIYATEC rides the precision medicine wave in oncology, where ~40% of patients face ineffective first-line therapies amid rising immuno- and targeted drug complexity.[1][5] Timing aligns with post-2020 biotech surge in functional assays over genomic-only tests, as 3D models better mimic tumor heterogeneity amid $100B+ annual U.S. cancer spend.[3][4] Market tailwinds include NCI support for patient-derived models, pharma's need for de-risking pipelines (e.g., 90% Phase II failure rates), and payer demands for evidence-based personalization.[2][3] It influences the ecosystem by validating drugs pre-clinicals, boosting trial success for partners, and scaling via hubs like Greenville's district—pushing functional precision from niche to standard.[4][5][7]
KIYATEC is poised to expand its 3D Predict pipeline across solid tumors, leveraging Series C to launch ovarian/breast/lung tests and deepen pharma integrations amid AI-augmented diagnostics trends.[4][6] Regulatory wins (e.g., more SBIRs, CLIA expansions) and outcome data could drive adoption, potentially capturing share in $10B+ companion diagnostics market as payers reward response predictors.[3][6] Influence may grow via ecosystem hubs and collaborations, evolving from glioma specialist to broad oncology disruptor—ultimately delivering the confidence in therapy decisions promised from its Clemson roots.[2][7]
KIYATEC has raised $25.5M in total across 5 funding rounds.
KIYATEC's investors include Bruker, Aphelion Capital, Harlem Capital, Seae Ventures, Labcorp, VentureSouth, Jason Robart, National Cancer Institute, Grainger Foundation.