MGI logo — Leading Life Science Innovation

MGI

Leading Life Science Innovation

Founded 2016 China Shenzhen, China 1319 employees Series B Total: $1.20B Biotechnology, Health Care +1

General Information

Company Name MGI
Founded Year 2016
Location China Shenzhen, China +11
Employees 1319
Industries Biotechnology, Health Care, Life Sciences
Funding Stage Series B
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About MGI

MGI Tech Co., Ltd. (MGI) has quickly established itself as a frontrunner in the field of life sciences since its founding in 2016. With headquarters in China, the company focuses on innovations in Biotechnology, Health Care, and Life Sciences.

MGI's distinctive capability in developing and mass-producing clinical-grade gene sequencers sets it apart from competitors, addressing capacities from Gb to Tb levels, which is crucial for applications in precision medicine and other industries. The company provides a full spectrum of digital equipment for various sectors, showcasing its comprehensive approach and commitment to driving innovation.

The company's growth and strategic global presence are further bolstered by a substantial $1.00B Series B investment secured on 28 May 2020. Investors include Green Pine Capital Partners, CITIC Securities, and CPE Capital, among others, demonstrating strong financial backing and confidence in MGI's trajectory. With its cutting-edge products and global impact, MGI is well-positioned to continue shaping the future of life sciences.

Taxonomy: Life Science Innovation, Gene Sequencers, Multi-omics Platforms, Precision Medicine, Genetic Sequencing, Mass Spectrometry, Medical Imaging, Digital Health Innovation, Laboratory Automation, Reagents Manufacturing, Healthcare Solutions, Laboratory Equipment, Liquid Handling Systems, Clinical-grade Sequencing

Services & Products

Sequencer Manufacturing
Genomic Data Analysis
Organoid-Based Precision Medicine
Customer Support and Resources
Genomic Research Tools

Target Customers

Research Institutions Clinical Laboratories Biotechnology Companies Healthcare Providers Genomics Researchers

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series B •••••• 10
Investor Investor Investor Investor Investor Investor
•••• ••••
28 May 2020
Series B •••••• - 24 Apr 2020
Series A •••••• - 09 May 2019

MGI Alternatives & Competitors

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Together we are paving the way for more reliable scientific research.

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FAQ About MGI

Leading Life Science Innovation
MGI was founded in 2016.
MGI is headquartered in Shenzhen, China.
MGI operates in the following industries: Biotechnology, Health Care, Life Sciences.
MGI has approximately 1319 employees.
MGI has completed 3 funding rounds, raising a total of $1.20B. The latest funding stage is Series B.
MGI offers: Sequencer Manufacturing, Genomic Data Analysis, Organoid-Based Precision Medicine, Customer Support and Resources, Genomic Research Tools.
Top alternatives and competitors to MGI include Axil Scientific Pte Ltd, AdvancedSeq: Sanger Sequencing/Fragment Analysis, TCP Analytical, BMR Genomics, Bio Basic Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
MGI and Axil Scientific Pte Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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