# Scispot

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

- Industry: Software
- Headquarters: Kitchener, Canada
- Website: www.scispot.com
- Total disclosed funding: $8M
- Latest round: Series A (Jun 4, 2026)
- Investors on record: 2

## About

Based in Canada, Scispot specializes in providing a cloud-based laboratory operating system, enhancing efficiency through AI-driven analytics and integrated workflows for modern laboratories.Founded in 2020 by Guru Singh and Satya Singh, headquartered in Kitchener, Canada, Scispot offers a cloud-based platform that caters to laboratory management. The company has raised USD 8.00 mn through a Series A funding round led by Avenue Growth Partners and includes investments from Breakwater Ventures. The total amount raised to date is also USD 8.00 mn. The company's current operations reflect its commitment to serving research institutions, pharmaceutical companies, and biotech firms.Scispot offers a comprehensive operating system designed specifically for modern laboratories, focusing on transforming fragmented operations into a fully connected, AI-driven environment. The core product features Natural Language Processing (NLP) capabilities for efficient search of sample locations and statuses, as well as AI-driven workflow recommendations that enhance assay design, data processing, and result interpretation. Additionally, Scispot provides customizable, AI-powered dashboards for data visualization, enabling labs to gain immediate insights into their data analytics. This platform serves a diverse clientele including research institutions, pharmaceutical companies, and biotech firms, aiming to streamline workflows, maintain audit readiness, and facilitate growth. Scispot's offerings are positioned in various geographical markets, including North America, Europe, and Asia, catering to laboratories seeking innovative solutions to optimize their operational efficiency and scale.Revenue generation for Scispot is primarily structured through subscription models, where clients pay for access to the platform's suite of tools and features tailored to laboratory management. The company engages in direct B2B transactions with laboratories and research organizations, establishing ongoing partnerships to facilitate continuous service and support. Clients may select from various subscription tiers that correspond to the level of features and services required, aligning with their specific operational needs. Flagship services include the AI-driven workflow recommendations and customizable dashboards, which enhance the analytical capabilities of laboratories. This structured approach to revenue allows Scispot to maintain a steady stream of income while meeting the evolving demands of its customer base.Scispot plans to utilize its recent funding from the Series A round to enhance product development and expand its market reach. The company is focused on launching new features for its operating system in 2024, aimed at improving laboratory efficiency through advanced AI capabilities. Additionally, Scispot is actively looking to penetrate new markets in Asia and Europe by mid-2025, offering its solutions to a broader audience of laboratories. The investment from Breakwater Ventures will support these initiatives, enabling the development of innovative products and facilitating the expansion of their customer base.

## Funding rounds

- Series A, Jun 4, 2026, $8M — Avenue Growth Partners, Breakwater Ventures

## Investors

- Avenue Growth Partners (https://capitalatlas.ai/funds/avenue-growth-partners) — Series A
- Breakwater Ventures (https://capitalatlas.ai/funds/breakwater-ventures) — Series A