spatial-biology
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Bio-Techne Built a $1.2 Billion Lab-Supply Machine - Then One Bad Bet Clarified the Whole Business
The Minneapolis life-sciences supplier turned a catalog of repeat-purchase reagents into a $1.2 billion business. Its best lesson is not the pending $11.3 billion exit - it is how one expensive diagnostics detour forced the portfolio back toward tools that scale.
Stellaromics Inc.
Stellaromics is a Boston-based spatial biology company building tools that map gene expression in three dimensions inside intact tissue. Spun out of the labs of Karl Deisseroth (Stanford) and Xiao Wang (MIT/Broad Institute), the company commercializes its Pyxa platform, which uses proprietary STARmap and RIBOmap chemistry to deliver multiplexed 3D spatial transcriptomics and translatomics in tissue sections up to 100 microns thick at subcellular resolution. It targets researchers in neuroscience, oncology and immunology who need to preserve native tissue architecture rather than rely on flat 2D thin-section methods.
Noetik
Noetik is an AI-native biotechnology company building foundation models of human cancer biology to discover precision immunotherapies. It pairs one of the world's largest proprietary spatial-omics datasets - hundreds of millions of spatially resolved tumor and immune cells - with a high-throughput in vivo CRISPR Perturb-Map platform to train multimodal virtual cell models like OCTO-VC. These models simulate gene expression, cell states, and tumor-immune interactions, letting researchers find drug targets and predict patient response computationally. Founded in 2022 by former Recursion leaders Ron Alfa and Jacob Rinaldi, Noetik has raised roughly $62M and licenses its models to pharma, including an anchor partnership with GSK.