What are the most valued startups in the synthetic biology market?
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In our synthetic biology market deck, you will find everything you need to understand the market
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 |

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 |

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.

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.

This chart, featured in our synthetic biology market deck, illustrates yearly funding for synthetic biology startups
Related blog posts
- Synthetic Biology: who are the top startups?
- The startups that have raised the most funding in synthetic biology
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