Companies · Other Technology

T2 Biosystems, Inc.

Lexington · Other Technology

Diligence memoA one-page analyst read on T2 Biosystems, Inc. — recommendation, valuation, rhythm, risks.
$477.6M
Total raised · real
4
Rounds
0.1×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Sep 21 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

T2 Biosystems, Inc. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.32× the median modeled value of Series D+ Other Technology companies in 2016–2018 (28 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.8 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

T2 Biosystems, Inc. is one of 21292 Other Technology companies tracked from Lexington. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0B$10.0B$15.0B$20.0BSeries A · 2010-05-13 Raised $15M (real) Modeled valuation $412M (est)$15M$412MSeries A2010Series B · 2011-08-03 Raised $23M (real) Modeled valuation $700M (est)$23M$700MSeries B2011Series D+ · 2013-03-22 Raised $400M (real) Modeled valuation $12.7B (est)$400M$12.7BSeries D+2013Series D+ · 2016-09-21 Raised $40M (real) Modeled valuation $1.3B (est)$40M$1.3BSeries D+2016+$23M+$400M+$40MCumulative $478M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$14.8M · 2010
Series B$23.0M · 2011
Series D+$400.0M · 2013no Series C on file
Series D+ extension$39.7M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$1.3B
Base estimate est.
$220.6M
Conservative case
$2.8B
Upside case
$331.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $411.8M · 2010-05-132010Series B · modeled $700.5M · 2011-08-03Series D+ · modeled $12.7B · 2013-03-22Series D+ · modeled $1.3B · 2016-09-212016
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
6.0 yr
Elapsed time used
9.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$75.1M/yr
Capital velocity
16.1 yr
On record since
2010
First round
4
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 150× above median
This company$477.6M
Sector median$3.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.3× of median
This company$39.7M
Sector median$115.0M
Modeled value — vs sector median (estimate, all stages) 34× above median
This company$1.3B
Sector median$37.3M

Raised more than 100% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #23 of 28.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Essential Products, Inc. · Series D+ Raised $300.0M · modeled $9.5B (est)Proof Ethereum LLC · Series D+ Raised $250.0M · modeled $7.9B (est)Core Scientific, Inc. · Series D+ Raised $252.0M · modeled $7.9B (est)Cohesity, Inc. · Series D+ Raised $250.0M · modeled $7.9B (est)CRC Group Holdings, LLC · Series D+ Raised $226.8M · modeled $7.2B (est)Barcodes Acquisition Inc. · Series D+ Raised $226.3M · modeled $7.2B (est)Ams Ag · Series D+ Raised $372.9M · modeled $7.1B (est)Azbit.Com Ou · Series D+ Raised $188.2M · modeled $6.0B (est)NewTech Myning OU · Series D+ Raised $187.5M · modeled $5.9B (est)BAKKT Holdings, LLC · Series D+ Raised $182.5M · modeled $5.8B (est)Valor Foundation · Series D+ Raised $160.0M · modeled $5.1B (est)Ceridian Holding Ii Llc · Series D+ Raised $150.2M · modeled $4.8B (est)T2 Biosystems, Inc. (this company) Raised $477.6M · modeled $1.3B (est)T2 Biosystems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Essential Products, Inc.Series D+$300.0M$9.5B2.45×
Proof Ethereum LLCSeries D+$250.0M$7.9B2.04×
Core Scientific, Inc.Series D+$252.0M$7.9B2.04×
Cohesity, Inc.Series D+$250.0M$7.9B2.04×
CRC Group Holdings, LLCSeries D+$226.8M$7.2B1.85×
Barcodes Acquisition Inc.Series D+$226.3M$7.2B1.85×
Ams AgSeries D+$372.9M$7.1B1.82×
Azbit.Com OuSeries D+$188.2M$6.0B1.54×
NewTech Myning OUSeries D+$187.5M$5.9B1.53×
BAKKT Holdings, LLCSeries D+$182.5M$5.8B1.49×
Valor FoundationSeries D+$160.0M$5.1B1.31×
Ceridian Holding Ii LlcSeries D+$150.2M$4.8B1.23×
T2 Biosystems, Inc. this companySeries D+$477.6M$1.3B0.32×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$14.8M2010-05-13$67.5M$411.8M90%
Series B$23.0M2011-08-03$127.8M$700.5M90%
Series D+$400.0M2013-03-22$3.3B$12.7B90%
Series D+$39.7M2016-09-21$331.0M$1.3B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$14.8M2010-05-13
    • First recorded raise — entered as Series A.
  2. Series B$23.0M2011-08-03
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  3. Series D+$400.0M2013-03-22
    • Raised 20 mo later, in step with the ~13 mo sector norm.
    • Round 17.4× larger than the prior — scaling up.
  4. Series D+$39.7M2016-09-21
    • Raised again after 42 mo — slower than the ~13 mo sector norm.
    • Round 10.1× smaller than the prior — bridge or down round.
Intelligence
2018 ~Q4
Modeled next raise · ~25mo cadence
$39.7M
Modeled next size est.range $39.7M$63.6M
0.1×
Last step-up
$75.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Robert Langer35 other2010-05
Michael Greeley14 other2010-05
Alan Crane8 other2010-05
Harry Wilcox5 other2011-08
Adrian M. Jones4 other2016-09
John McDonough4 other2010-05
Michael Cima3 other2010-05
DOUG LEVINSON1 other2010-05
John W. Cumming1 other2016-09
Stacy Feld1 other2011-08
Thomas Lowery1 other2011-08
David P. Harding2016-09
David W. Elsbree2016-09
Jeffrey Wiesen2010-05
Joanne Spadoro, Ph.D.2016-09
Josh A. Bilenker, M.D.2016-09
Josh Bilenker2011-08
Michael A. Cima, Ph.D.2016-09
Michael A. Pfaller, M.D.2016-09
Michael M. Gibbs, Esq.2016-09
Rahul M. Dhanda2016-09
Seymour M. Liebman2016-09
Shawn Lynch2016-09
Stan Lapidus2010-05
Registry & provenance

T2 Biosystems, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1492674
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Seventh Sense Biosystems, Inc.BiotechnologySeries B$62.9M$732.6Mnetwork4 shared operators
Taris Biomedical IncBiotechnologySeries B$36.9M$535.8Mnetwork3 shared operators
Supabase, Inc.Other TechnologySeries D+$523.0M$1.2Bsame sector · same stage
Bowery Farming Inc.Other TechnologySeries D+$527.8M$1.2Bsame sector · same stage
Drata Inc.Other TechnologySeries D+$430.1M$1.2Bsame sector · same stage
Halio, Inc.Other TechnologySeries D+$551.9M$1.1Bsame sector · same stage
Sierra International Network IncOther TechnologySeries D+$407.5M$959.5Msame sector · same stage
Concur Technologies IncOther TechnologySeries D+$335.5M$1.4Bsame sector · same stage
Frequently asked
How much funding has T2 Biosystems, Inc. raised?
T2 Biosystems, Inc. has raised approximately $477.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is T2 Biosystems, Inc.'s estimated valuation?
Provath's modeled valuation for T2 Biosystems, Inc. is approximately $1.3B (modeled range $220.6M–$2.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is T2 Biosystems, Inc. at?
T2 Biosystems, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Sep 21.
What does T2 Biosystems, Inc. do and where is it based?
T2 Biosystems, Inc. operates in the Other Technology sector, based in Lexington.
Explore related

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