# CyVek

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cyvek

- Industry: Biotechnology
- Headquarters: Wallingford, US
- Website: www.cyvek.com
- Total disclosed funding: $13M
- Latest round: Series D (Jan 31, 2013)
- Investors on record: 1

## About

CyVek, Inc. is a technology company focused on developing advanced software solutions that enhance operational efficiency and data management across various industries, including healthcare and finance.Founded in 2008 and headquartered in Wallingford, US, CyVek, Inc. specializes in delivering tailored technology solutions for businesses. The company has executed 7 deals, with its latest funding round being a Trade Sale that raised USD 60.00 mn from Bio-Techne Corporation, marking the total amount raised at USD 60.00 mn.The company specializes in providing innovative technology solutions designed to address specific challenges within various industries. Their core offerings include a suite of software applications that enhance operational efficiency and improve data management for businesses. These products are tailored to meet the needs of clients in sectors such as healthcare, finance, and logistics, enabling them to streamline processes and improve overall productivity. With a focus on user-friendly interfaces and robust backend functionality, the solutions are engineered to support organizations in analyzing complex data sets, optimizing workflows, and making informed decisions. The company’s products are marketed and sold predominantly in North America and Europe, targeting both small to medium-sized enterprises and large corporations looking to leverage technology for competitive advantage.The company's revenue model is structured around a subscription-based service that allows clients to access their software solutions through tiered pricing plans. These plans cater to different business sizes and needs, facilitating a flexible approach to onboarding new customers. Clients typically engage in annual contracts, providing steady revenue streams while also offering options for monthly payments, depending on the specific service level chosen. The company’s flagship product, recognized for its advanced analytics capabilities, is a significant contributor to the overall revenue, driving adoption among businesses striving for operational excellence. In addition to direct subscriptions, there are opportunities for partnerships with channel resellers, further expanding the reach of their services in various markets.Future growth strategies for CyVek, Inc. include the design and launch of upcoming new products, although specific release dates have not been disclosed. The company plans to expand into new markets in North America and Europe, with a focus on increasing its presence in the technology sector by the end of the next fiscal year. The recent Trade Sale funding of USD 60.00 mn will support these initiatives, allowing for enhanced product development and market penetration.

## Funding rounds

- Series D, Jan 31, 2013, $5.5M — Connecticut Innovations
- Series C, May 11, 2012, $3M — Connecticut Innovations
- Series B, May 20, 2010, $4M — Connecticut Innovations

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series B, Series C, Series D