Sapphiros AI Bio LLC announced that it has received $30 million in funding from OraSure Technologies, Inc.
January 03, 2024
Share
Sapphiros AI Bio LLC announced that it has raised $30 million in a round of funding led by new investor, OraSure Technologies, Inc. on January 4, 2024. The company issued common shares in the transaction. As a part of transaction, the investor became the part of board of the company.
OraSure Technologies, Inc. provides point-of-care and home diagnostic tests, sample management solutions, and microbiome laboratory and analytical services. The Company's product portfolio is divided into diagnostics products and sample management solutions. Its business consists of the development, manufacture, marketing and sale of diagnostic products and specimen collection devices using its technologies, as well as other diagnostic products including immunoassays and other in vitro diagnostic tests that are used on other specimen types. Its diagnostic products include tests for diseases including COVID-19, HIV and Hepatitis C that are performed on a rapid basis at the point of care, and tests for drugs of abuse that are processed in a laboratory. Its business also includes molecular sample management solutions and services that are used by clinical laboratories, direct-to-consumer laboratories, researchers, pharmaceutical companies, and animal health service and product providers.
ORASURE TECHNOLOGIES, INC. 
