weekly startup spotlight

welcome to introspection ft. harsehaj! ⭐️ i’m harsehaj, a 19 y/o always up to something in social good x tech.

this publication is a place for me to reflect on productivity, health and tech, and drop unique opportunities in the space right to your inbox daily. if you’re new here, sign up to tune in!💌

scroll to the end for my daily roundup on unique opportunities!

onto today’s topic: benchling 🪼

the same way a lot of startups use crms to manage customer relationships, biotech startups also need some way to efficiently manage their research and data workflows.

that’s where benchling comes in, a b2b software platform that helps scientists and researchers manage their work more easily and efficiently. it provides tools to organize experiments, analyze dna and proteins, and track lab samples, all in one place.

one key feature to note is that it’s a cloud-based platform, which means researchers can access benchling and their work from anywhere as long as they have internet connection. this replaces old paper methods by a mile, thus making research faster, scalable, more collaborative, and organized.

let’s talk numbers! 🤓 

benchling operates within the life sciences r&d software market, which is projected to expand from $14.3 billion in 2021 to $22.7 billion by 2026, representing a cagr of 9.7% (source).

as of may 2024, benchling’s arr was estimated at $210 million, reflecting a 27% year-over-year increase while serving 1200+ customers that on average each generate ~$127,000 of revenue (source).

questions i’d be interested to ask:

• what is the strategy regarding security?

• how has the onboarding process for new clients changed based on user feedback?

daily opportunity + resource drops 🔍️