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§ Private Profile · 3131 Elliott Ave Ste 750, Seattle, Washington, 98121, United States
TwinStrand Biosciences is a technology company.
TwinStrand Biosciences develops Duplex Sequencing®, an ultra-sensitive, accurate, and error-corrected technology. Their proprietary platform uses advanced software to transform raw data into highly reliable sequences and precise variant calls. This significantly improves detection of rare genetic mutations by mitigating errors inherent in traditional next-generation sequencing, yielding superior data for critical genomic analysis.
Jesse Salk, MD, PhD, founded the company in 2015. Dr. Salk’s insight addressed the challenge of traditional sequencing errors obscuring rare somatic mutations. His innovation provided a robust method to accurately differentiate true biological signals from sequencing noise, enabling unprecedented sensitivity for genetic variant detection.
TwinStrand Biosciences’ technology aids researchers and clinicians detecting low-frequency mutations, applicable in minimal residual disease (MRD) testing and mutagenicity assessment. The company aims to deploy this powerful genomic technology across disciplines, improving human health and accelerating discovery where accurate genetic information is essential.
TwinStrand Biosciences has raised $67.2M across 3 funding rounds.
TwinStrand Biosciences has raised $67.2M in total across 3 funding rounds.
TwinStrand Biosciences is a biotechnology company specializing in Duplex Sequencing technology, which detects ultra-low frequency genomic variants undetectable by standard methods, reducing sequencing error rates from 1-in-100 to 1-in-10 million.[1][2][4] It serves researchers, clinicians, pharmaceutical companies, academic centers, and regulatory agencies in clinical medicine and life sciences, addressing challenges like residual cancer detection (e.g., measurable residual disease in AML and leukemia), genetic toxicology, liquid biopsy diagnostics, early drug resistance detection, and genotoxicity testing.[1][2][3][4] The company has raised $73.6M in total funding, including a $50M round, and recently reorganized with Chad Brown as interim CEO to focus on commercial growth.[2]
Founded in 2015 as a spin-out from the University of Washington in Seattle, TwinStrand emerged from academic research pioneering Duplex Sequencing by scientist-leaders who have authored over two dozen peer-reviewed articles and secured more than 100 patents.[2][3] The idea stemmed from advancing next-generation sequencing (NGS) accuracy through proprietary biochemistry and cloud-based informatics that track both DNA strands to filter errors, enabling detection of rare mutations critical for cancer monitoring and toxicology.[1][4] Early traction included partnerships with pharma, academics, and agencies; a key milestone was the 2020 licensing of its technology to Foundation Medicine (Roche subsidiary) for ultra-low frequency mutation detection.[3] Recent developments feature new publications on MRD in AML and mutagenicity assays.[1][4]
TwinStrand rides the precision oncology and advanced genomics wave, where detecting minimal residual disease (MRD) and early mutations is pivotal for personalized cancer therapies, liquid biopsies, and regulatory toxicology amid rising NGS adoption.[2][3][4] Timing aligns with post-2020 demand for high-sensitivity tools in immunotherapy, CAR-T monitoring, and mutagenicity testing, amplified by pharma investments and FDA interest in ultra-rare variant detection.[1][3] Market forces like aging populations, cancer prevalence, and limitations of standard sequencing (error-prone at low frequencies) favor its tech, influencing the ecosystem by licensing to giants like Roche and enabling faster clinical decisions in public health and biotech R&D.[2][3]
TwinStrand is poised for expansion through commercial kits, deeper pharma collaborations, and MRD-focused assays, potentially capturing share in the $10B+ liquid biopsy market as sensitivity demands grow.[2][3][4] Trends like AI-enhanced genomics and regulatory pushes for precise toxicology will propel it, with influence evolving via broader adoption in clinical trials and global health agencies. Sustained funding and leadership focus signal momentum toward impactful products, fulfilling its mission to translate academic breakthroughs for human health.[1][2]
TwinStrand Biosciences has raised $67.2M in total across 3 funding rounds.
TwinStrand Biosciences's investors include Section 32, BoxGroup, GSR Ventures, Lightspeed China Partners, Madrona Ventures, Mayfield, Mischief Venture Capital, Third Rock Ventures, Jon Gelsey, Scott Belsky, Alexandria Venture Investments, Janus Henderson Investors.
TwinStrand Biosciences has raised $67.2M across 3 funding rounds. Most recently, it raised $50.0M Series B in May 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2021 | $50M Series B | Section 32 | BoxGroup, GSR Ventures, Lightspeed China Partners, Madrona Venture Group, Mayfield, Mischief Venture Capital, Third Rock Ventures, JON Gelsey, Scott Belsky, Alexandria Venture Investments, Janus Henderson Investors, Ridgeback Capital Investments, Soleus Capital | Announced |
| Jan 7, 2020 | $16M Series A | Terry Myerson | Alexandria Venture Investments, Ridgeback Capital Investments, Sahsen Ventures | Announced |
| Aug 30, 2018 | $1.2M Venture Round | — | Steve DOW | Announced |