… just said this:
Amazing list of investors, btw!
I discovered this when the video was already up…
“Most of our readers are interested in consumer DNA testing for genealogy and ancestry research. Illumina played a massive role in making these services affordable. All the big DNA testing companies use Illumina’s chip technology.
But some companies are even more closely intertwined with Illumina. I mention briefly in an article on who owns 23andMe that the chip company was an investor in the 2015 funding found of its customer.”
“If you’ve ever used 23andMe, Ancestry.com, or any other genetics-testing service, chances are that your genes were sequenced on machines made by the $25 billion biotech behemoth. Now the undisputed leader in the emerging field of DNA sequencing in the U.S., Illumina has outstripped its rivals by selling its sequencing hardware to medical researchers around the world.”
As we’ve shown in previous reports, 23andMe is owned by Richard Branson and a former wife and current partner of Google’s founder Sergey Brin. She also happens to be the sister of YouTube CEO.
“23andMe is owned by a sizeable number of large investors spearheaded by Anne Wojcicki and Richard Branson. The list of investors with recent ownership stakes in the company includes Altimeter Capital, Fidelity, Casdin Capital, and Foresite Capital.
Since the company was founded in 2006, it has been involved in multiple funding rounds. There were at least 60 investors in 2020 before the merger, including GlaxoSmithKline and Sequoia Capital. Early investors include Alphabet (Google’s parent company) and WuXi Healthcare Ventures (a Chinese company).
When 23andMe merged with Richard Branson’s acquisition company, the existing stakeholders retained ownership of 81% of the merged company.”
According to Wikipedia:
In 2010, Cornell University and Life Technologies filed a lawsuit against Illumina, alleging that its microarray products infringed on eight patents held by the university and exclusively licensed to the start-up. The case was settled in April 2017 without any finding of fault. In September 2017 both parties asked to have the settlement reviewed, with Cornell accusing both Illumina and Life Technologies of misrepresentation and fraud.
In February 2020, Illumina filed a patent infringement suit against BGI relating to its “CoolMPS” sequencing products. In return BGI has filed patent infringement lawsuits for violation of federal antitrust and California unfair competition laws, claiming use of “fraudulent behavior” to obtain or enforce sequencing patents that it has asserted against BGI, preventing the firm from entering the US market.“
“BGI” as in…
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