What are the most valued startups in the synthetic biology market?

Last updated: 7 September 2026

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market research pitch 2026 statistics synthetic biology market

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The synthetic biology market now spans therapeutics, precision fermentation, DNA synthesis, engineered materials, laboratory automation and industrial biomanufacturing.

Valuations are highly uneven, with a small group of billion-dollar companies sitting above a much larger group of startups valued below $500 million.

We update this list every month to reflect new funding rounds, public market movements, acquisitions and other valuation signals.

And if you want to better understand this new industry, you can download our pitch covering the synthetic biology market.

A quick summary table

Metric Value
Most valuable synthetic biology startup Twist Bioscience, $8.2B
Second most valuable synthetic biology startup Benchling, $1.5B–$3.5B
Median synthetic biology startup valuation Approximately $170M
Share of synthetic biology valuation captured by top 10 Approximately 51%
Top synthetic biology valuation vs. median Approximately 48x
Median valuation-to-capital-raised ratio Approximately 1.4x
Synthetic biology startups valued at $1B+ 7
Market map chart showing top companies and startups in the synthetic biology market

This market map, featured in our synthetic biology market deck, highlights top companies and startups in the synthetic biology market

Top startups in the synthetic biology market ranked by valuation

Here is an updated table that ranks the top startups in the synthetic biology market based on their latest reported or estimated valuations.

If you want more details about their fundraising activity, you can check our list of the startups who have raised the most funding in the synthetic biology market.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 Twist Bioscience Manufactures high-throughput synthetic DNA $8.2B Full Confidence Public Market Cap Observed $296M Strong Confidence
2 Benchling Cloud software for biotech R&D $1.5B–$3.5B Partial Confidence Proxy-Based Estimate Estimated $412M Strong Confidence
3 Generate Biomedicines AI-designed protein therapeutics $2.1B Full Confidence Public Market Cap Observed $708M Strong Confidence
4 Pivot Bio Microbial nitrogen for agricultural crops $1.5B–$1.8B Strong Confidence Announced Private Round Valuation Observed $847M Strong Confidence
5 Tessera Therapeutics Programmable gene-writing medicines $1.4B–$1.6B Strong Confidence Announced Private Round Valuation Implied $530M Strong Confidence
6 Obsidian Therapeutics Engineered tumor-infiltrating cell therapies $1.1B Full Confidence Public Market Cap Observed ≈$675M Partial Confidence
7 Spiber Ferments bioengineered protein materials $800M–$1.2B Partial Confidence Comparables-Based Estimate Estimated $1.1B Strong Confidence
8 Asimov Synthetic biology design and manufacturing $800M–$1.1B Partial Confidence Comparables-Based Estimate Estimated $205M Strong Confidence
9 Mammoth Biosciences CRISPR gene-editing therapeutics platform $800M–$1.1B Strong Confidence Implied Valuation from Raise Implied $375M Strong Confidence
10 Perfect Day Ferments animal-free dairy proteins $700M–$1.1B Partial Confidence Proxy-Based Estimate Estimated $712M Strong Confidence
11 ArsenalBio Programmable engineered CAR-T cell therapies $500M–$900M Low Confidence Comparables-Based Estimate Estimated $630M Strong Confidence
12 Solugen Biomanufactures sustainable industrial chemicals $500M–$800M Partial Confidence Proxy-Based Estimate Estimated $608M Strong Confidence
13 Cradle AI-guided protein engineering platform $500M–$800M Partial Confidence Implied Valuation from Raise Estimated ≈$103M Partial Confidence
14 EvolutionaryScale Generative AI for protein biology $350M–$900M Low Confidence Acquisition Value Estimated $142M Strong Confidence
15 DNA Script Benchtop enzymatic DNA synthesis $500M–$700M Partial Confidence Comparables-Based Estimate Estimated $335M Strong Confidence
16 Tune Therapeutics Programmable epigenome editing therapeutics $500M–$700M Partial Confidence Comparables-Based Estimate Estimated $223M Strong Confidence
17 Genomatica / Geno Engineers bio-based industrial chemicals $500M–$700M Partial Confidence Acquisition Value Estimated $388M Strong Confidence
18 Arzeda AI-designed proteins and enzymes $400M–$750M Partial Confidence Implied Valuation from Raise Implied $123M+ Partial Confidence
19 Strand Therapeutics Programmable mRNA cancer therapeutics $500M–$620M Strong Confidence Comparables-Based Estimate Estimated $257M Strong Confidence
20 The EVERY Company Precision-fermented animal-free egg proteins $450M–$600M Strong Confidence Implied Valuation from Raise Implied $309M Strong Confidence
21 Ansa Biotechnologies Rapid long-DNA synthesis services $420M–$600M Strong Confidence Implied Valuation from Raise Implied $138M Strong Confidence
22 Profluent AI-designed genome-editing proteins $490M–$530M Strong Confidence Announced Private Round Valuation Observed $150M Strong Confidence
23 Octant Data-driven small-molecule drug discovery $400M–$600M Partial Confidence Implied Valuation from Raise Estimated $115M Strong Confidence
24 Ginkgo Bioworks Programs cells for commercial applications $460M Full Confidence Public Market Cap Observed $790M Strong Confidence
25 Impossible Foods Makes plant-based meat alternatives $400M–$500M Strong Confidence Proxy-Based Estimate Estimated $2.0B Strong Confidence
26 GRO Biosciences Expands proteins with novel amino-acids $350M–$550M Partial Confidence Implied Valuation from Raise Estimated $92M Strong Confidence
27 bit.bio Programmable human cell manufacturing $350M–$500M Strong Confidence Revenue or ARR Multiple Estimate Estimated $225M Strong Confidence
28 Constructive Bio Rewrites genomes and genetic codes $320M–$480M Partial Confidence Implied Valuation from Raise Estimated $75M Strong Confidence
29 TurtleTree Precision-fermented functional dairy proteins $350M–$430M Strong Confidence Comparables-Based Estimate Estimated $44M Strong Confidence
30 Chroma Medicine Epigenetic editing genetic medicines $300M–$450M Partial Confidence Comparables-Based Estimate Estimated $260M Strong Confidence
31 Emerald Cloud Lab Remote automated laboratory platform $300M–$380M Strong Confidence Announced Private Round Valuation Observed $151M Strong Confidence
32 AMSilk Produces fermented silk protein materials $240M–$430M Partial Confidence Implied Valuation from Raise Implied $131M Strong Confidence
33 Basecamp Research Biodiversity-powered AI drug discovery $280M–$380M Partial Confidence Comparables-Based Estimate Estimated ≈$85M Partial Confidence
34 Arbor Biotechnologies AI-discovered gene editing medicines $280M–$340M Strong Confidence Announced Private Round Valuation Estimated $332M Strong Confidence
35 Ecovative Grows mycelium materials at scale $280M–$330M Strong Confidence Announced Private Round Valuation Observed $183M Strong Confidence
36 Cellino Automated stem-cell therapy manufacturing $250M–$350M Low Confidence Comparables-Based Estimate Estimated $101M Strong Confidence
37 Formo Fermentation-based animal-free cheese $250M–$310M Strong Confidence Comparables-Based Estimate Estimated $152M Strong Confidence
38 Inscripta Microbial genome engineering platform $200M–$350M Low Confidence Proxy-Based Estimate Estimated $441M Strong Confidence
39 64x Bio Engineered cell lines for biomanufacturing $200M–$300M Low Confidence Implied Valuation from Raise Estimated $60M Strong Confidence
40 Zymergen Engineered microbes and biomaterials $236M Full Confidence Acquisition Value Observed $874M Strong Confidence
41 Eligo Bioscience Microbiome-targeted genetic medicines $180M–$280M Low Confidence Implied Valuation from Raise Estimated $59M Strong Confidence
42 Remilk Precision-fermented dairy proteins $180M–$260M Partial Confidence Implied Valuation from Raise Implied $171M Strong Confidence
43 Vivici Precision-fermented dairy protein ingredients $180M–$240M Strong Confidence Implied Valuation from Raise Implied $49M Strong Confidence
44 MycoWorks Grows premium mycelium-based materials $150M–$250M Low Confidence Acquisition Value Estimated $224M Strong Confidence
45 Geltor Biodesigned collagen and specialty proteins $170M–$230M Partial Confidence Comparables-Based Estimate Estimated $137M Strong Confidence
46 BioPhero Fermentation-produced agricultural pheromones $200M Full Confidence Acquisition Value Observed $21M Strong Confidence
47 Verley (formerly Bon Vivant) Precision-fermented functional dairy proteins $150M–$250M Strong Confidence Implied Valuation from Raise Implied $64M Strong Confidence
48 Debut Biotech ingredients for beauty products $180M–$210M Strong Confidence Implied Valuation from Raise Implied $92M Strong Confidence
49 Liberation Labs Precision-fermentation manufacturing infrastructure $170M–$210M Strong Confidence Announced Private Round Valuation Estimated $183M Strong Confidence
50 Synthace Software automating biological experimentation $165M–$185M Strong Confidence Announced Private Round Valuation Observed $82M Strong Confidence
51 Modern Meadow Develops biofabricated sustainable materials $120M–$220M Low Confidence Proxy-Based Estimate Estimated $266M Strong Confidence
52 Standing Ovation Precision-fermented dairy casein proteins $140M–$200M Strong Confidence Implied Valuation from Raise Implied $55M Strong Confidence
53 Locus Biosciences CRISPR-engineered bacteriophage therapies $120M–$220M Low Confidence Comparables-Based Estimate Estimated $136M Strong Confidence
54 Opentrons Affordable laboratory automation robots $150M–$175M Strong Confidence Announced Private Round Valuation Observed $271M Strong Confidence
55 Amyris Ferments molecules for industrial ingredients $100M–$200M Low Confidence Proxy-Based Estimate Estimated $342M Strong Confidence
56 Evonetix Semiconductor-based DNA synthesis $120M–$180M Partial Confidence Comparables-Based Estimate Estimated $68M Strong Confidence
57 Colorifix Biological textile dyeing technology $130M–$165M Strong Confidence Announced Private Round Valuation Estimated $44M Strong Confidence
58 All G Precision-fermented lactoferrin proteins $110M–$150M Partial Confidence Comparables-Based Estimate Estimated $37M Strong Confidence
59 Hexagon Bio Genome-mined small-molecule medicines $125M–$135M Strong Confidence Announced Private Round Valuation Observed $259M Strong Confidence
60 Shiru AI-discovered functional protein ingredients $100M–$140M Partial Confidence Implied Valuation from Raise Implied $37M Strong Confidence
61 Molecular Assemblies Enzymatic DNA synthesis technology $90M–$150M Low Confidence Comparables-Based Estimate Estimated $81M Strong Confidence
62 Strateos Cloud robotic laboratory automation $90M–$140M Low Confidence Comparables-Based Estimate Estimated $99M Strong Confidence
63 Onego Bio Precision-fermented egg-white protein $90M–$130M Strong Confidence Comparables-Based Estimate Estimated $71M Strong Confidence
64 Better Dairy Ferments human-inspired milk proteins $88M–$132M Partial Confidence Comparables-Based Estimate Estimated $24M Strong Confidence
65 ZymoChem Ferments sustainable specialty chemicals $84M–$126M Partial Confidence Comparables-Based Estimate Estimated $34M+ Partial Confidence
66 Checkerspot Engineers sustainable performance materials $100M–$105M Strong Confidence Announced Private Round Valuation Observed $167M Strong Confidence
67 String Bio Methane-based precision fermentation products $80M–$120M Partial Confidence Comparables-Based Estimate Estimated $20M Strong Confidence
68 Enduro Genetics Stabilizes microbes for biomanufacturing $75M–$110M Partial Confidence Implied Valuation from Raise Estimated $19M Strong Confidence
69 Synthego CRISPR reagents and manufacturing $80M–$90M Strong Confidence Acquisition Value Observed $472M Strong Confidence
70 Volta Labs Automated genomics sample preparation $65M–$105M Partial Confidence Comparables-Based Estimate Estimated $33M Strong Confidence
71 PILI Produces bio-based industrial colorants $63M–$95M Partial Confidence Comparables-Based Estimate Estimated $34M Strong Confidence
72 Imagindairy Animal-free dairy proteins $60M–$90M Partial Confidence Comparables-Based Estimate Estimated $30M Strong Confidence
73 Huue Bioengineered sustainable textile dyes $60M–$90M Partial Confidence Comparables-Based Estimate Estimated $18M Strong Confidence
74 New Culture Animal-free casein mozzarella $55M–$85M Partial Confidence Comparables-Based Estimate Estimated $37M Strong Confidence
75 Eden Brew Precision-fermented dairy proteins $50M–$80M Partial Confidence Comparables-Based Estimate Estimated $28M Strong Confidence
76 Nobell Foods Plant-grown functional dairy proteins $60M–$70M Strong Confidence Announced Private Round Valuation Observed $100M Strong Confidence
77 Lygos Ferments sustainable specialty chemicals $50M–$80M Partial Confidence Revenue or ARR Multiple Estimate Estimated $204M Strong Confidence
78 Culture Biosciences Cloud-connected bioprocessing and bioreactors $58M–$65M Strong Confidence Announced Private Round Valuation Observed $142M Strong Confidence
79 Tierra Biosciences Cell-free custom protein synthesis $45M–$75M Partial Confidence Implied Valuation from Raise Implied $15M Strong Confidence
80 Ribbon Bio Complex cell-free DNA synthesis $40M–$70M Partial Confidence Comparables-Based Estimate Estimated $20M Strong Confidence
81 Protera AI-designed functional protein ingredients $40M–$60M Partial Confidence Comparables-Based Estimate Estimated ~$16M Partial Confidence
82 Rubi Laboratories Converts carbon into cellulose $40M–$50M Strong Confidence Implied Valuation from Raise Implied $28M Strong Confidence
83 AlgiKnit / Keel Labs Seaweed-derived sustainable textile fibers $35M–$55M Low Confidence Comparables-Based Estimate Estimated $17M Strong Confidence
84 Melt&Marble Ferments designer fats and oils $32M–$48M Partial Confidence Comparables-Based Estimate Estimated $21M Strong Confidence
85 Change Foods Precision-fermented animal-free cheese $25M–$45M Low Confidence Proxy-Based Estimate Estimated $18M Strong Confidence
86 Solena Materials Bioengineered protein performance fibers $32M–$36M Strong Confidence Announced Private Round Valuation Observed $12M Strong Confidence
87 Michroma Ferments natural fungal colorants $26M–$38M Partial Confidence Comparables-Based Estimate Estimated $6M Strong Confidence
88 Daisy Lab Precision-fermented dairy-identical proteins $20M–$40M Low Confidence Active Raise Valuation Estimated $1M Partial Confidence
89 Octarine Bio Fermentation-based pigments and ingredients $25M–$35M Partial Confidence Implied Valuation from Raise Implied $15M Strong Confidence
90 Sherlock Biosciences CRISPR-based molecular diagnostics $25M–$30M Strong Confidence Acquisition Value Observed $141M Strong Confidence
91 Catalog DNA data storage computing $15M–$35M Low Confidence Acquisition Value Estimated $54M Strong Confidence
92 Wild Microbes Engineers microbes for biomanufacturing $13M–$20M Partial Confidence Comparables-Based Estimate Estimated $3M Strong Confidence
93 TeselaGen AI software for biological R&D $10M–$18M Low Confidence Proxy-Based Estimate Estimated $3M Strong Confidence
94 Synlogic Engineered microbial therapeutics $14M Full Confidence Public Market Cap Observed $116M Strong Confidence
95 Senti Biosciences Gene-circuit engineered cell therapies $11M Full Confidence Public Market Cap Observed $158M Strong Confidence
96 Viridos Algae-based renewable biofuels $6M Full Confidence Acquisition Value Observed $100M Strong Confidence
97 Motif FoodWorks Fermentation-derived food ingredients $0M–$5M Strong Confidence Proxy-Based Estimate Estimated $345M Strong Confidence
98 Bolt Threads Develops bioengineered protein materials <$1M Full Confidence Public Market Cap Observed $464M Strong Confidence
Chart comparing the 2026 size of the synthetic biology market with other markets of similar size

This chart, featured in our synthetic biology market deck, compares the 2026 size of the synthetic biology market with other markets of similar size

Key valuation trends in the synthetic biology market

Insights

  • Twist Bioscience is the clear valuation outlier in synthetic biology. Its $8.2 billion market value is roughly 48 times the median company valuation in this dataset.
  • Synthetic biology therapeutics occupy much of the market's upper tier. Generate Biomedicines, Pivot Bio and Tessera Therapeutics together represent roughly $5.3 billion of value on about $2.1 billion of cumulative funding.
  • Capital efficiency varies sharply across the synthetic biology market. TurtleTree is valued near a $390 million midpoint after raising only $44 million, which implies a valuation close to nine times cumulative funding.
  • BioPhero shows a similar pattern. The company reached a $200 million acquisition value after raising about $21 million, producing a transaction value close to ten times the capital raised.
  • Food biotechnology shows the opposite pattern in several cases. Impossible Foods raised about $2 billion but is now valued around $400 million to $500 million, less than one quarter of cumulative funding.
  • Zymergen also illustrates the downside of capital-intensive synthetic biology. The company raised roughly $874 million before reaching an acquisition value of only $236 million.
  • Public synthetic biology valuations are extremely polarized. Twist Bioscience is worth $8.2 billion, while Ginkgo Bioworks is near $460 million and several smaller listed biotechnology companies sit below $20 million.
  • Laboratory infrastructure also shows a wide valuation gap. Emerald Cloud Lab is valued near a $340 million midpoint, while Opentrons sits near $163 million despite having raised substantially more capital.
  • Precision-fermented dairy is still fragmented. TurtleTree, Formo, Vivici, Verley, Standing Ovation and Onego Bio occupy valuation ranges from roughly $110 million to $390 million despite targeting closely related markets.
  • Synthego, Sherlock Biosciences and Zymergen raised almost $1.5 billion combined, but their acquisition values total only about $349 million. This shows how platform expansion can destroy substantial equity value when commercialization falls short.
Chart showing how Twist Bioscience is capturing share in the synthetic biology market

This chart, featured in our synthetic biology market deck, shows how Twist Bioscience is capturing share in synthetic biology

A few words about our methodology

As you can see, we built a database that ranks startups in the synthetic biology market based on their current valuation.

Estimating synthetic biology startup valuations is not always straightforward. Many companies are private, and valuation information can vary widely depending on the company, business model and stage of development.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed synthetic biology companies, or official acquisition prices.

When a synthetic biology company is publicly listed, we use its current market capitalization as the reference valuation.

If a company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When a synthetic biology startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we also estimate valuations using operating metrics such as revenue, ARR, commercial partnerships or customer traction, combined with valuation multiples from comparable synthetic biology companies.

When direct financial data is not available, we may rely on carefully selected comparable startups and other signals such as hiring growth, investor quality, product traction, manufacturing progress or regulatory milestones.

These signals can differ across synthetic biology categories. A therapeutics company, for example, cannot be valued in exactly the same way as a precision-fermentation company or a biological manufacturing platform.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older data is treated cautiously and adjusted conservatively when necessary.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because valuation data is not always fully public, each synthetic biology startup in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

This reflects how we conduct all our research, including the work behind our report covering the synthetic biology market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Chart showing the projected CAGR of the synthetic biology market

This chart, featured in our synthetic biology market deck, illustrates yearly funding for synthetic biology startups

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