LabMinds

OverviewSuggest Edit

LabMinds specializes in AI and robotics for solution preparation in pharmaceutical and life science labs. Its platform addresses these challenges with powerful AI software combined with state-of-the-art robotics to safeguard against tainted inputs, enable accuracy, and attain unmatched control. Further, labs in the LabMinds network contribute to, and benefit from, the collection of input and sensor data throughout the solution prep process. 

TypePrivate
Founded2009
HQSomerville, US
Websitelabminds.com

Latest Updates

Employees (est.) (Dec 2019)19

Key People/Management at LabMinds

Ville Lehtonen

Ville Lehtonen

CEO
John McFadden

John McFadden

VP of Operations
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LabMinds Office Locations

LabMinds has offices in Somerville and Oxford
Somerville, US (HQ)
285 Washington St
Oxford, GB
57 Woodstock Rd
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LabMinds Financials and Metrics

Summary Metrics

Founding Date

2009

LabMinds total Funding

$6.2 m

LabMinds latest funding size

$3.18 m

Time since last funding

5 years ago
LabMinds's latest funding round in February 2015 was reported to be $3.2 m. In total, LabMinds has raised $6.2 m
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LabMinds Revenue

GBP

Net income (FY, 2016)

(288.6k)

Cash (31-Dec-2018)

308.8k
GBPFY, 2015FY, 2016

Pre tax profit

(180.6k)(562.7k)

Income tax expense

(26.0k)(274.1k)

Net Income

(154.6k)(288.6k)
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Cash

627.5k9.2k315.1k308.8k

Accounts Receivable

31.6k130.02.6k

Inventories

27.2k7.4k

Current Assets

2.5m2.9m3.2m3.9m
GBPFY, 2015FY, 2016

Net Income

(154.6k)(288.6k)
GBPY, 2018

Financial Leverage

1 x
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LabMinds Online and Social Media Presence

Embed Graph

LabMinds Blogs

The Impact of Artificial Intelligence (AI) on Drug Discovery

Spotlight on the impact of artificial intelligence on drug discovery From meeting challenges in solution prep to more ‘flashy’ analysis of the interaction between drugs, humans, and their contexts, we learn about the mounting importance of AI in drug discovery   With the use of artificial intelligen…

LabMinds Frequently Asked Questions

  • When was LabMinds founded?

    LabMinds was founded in 2009.

  • Who are LabMinds key executives?

    LabMinds's key executives are Ville Lehtonen and John McFadden.

  • How many employees does LabMinds have?

    LabMinds has 19 employees.

  • Who are LabMinds competitors?

    Competitors of LabMinds include Title Boxing Club, FRS and The Gym Group.

  • Where is LabMinds headquarters?

    LabMinds headquarters is located at 285 Washington St, Somerville.

  • Where are LabMinds offices?

    LabMinds has offices in Somerville and Oxford.

  • How many offices does LabMinds have?

    LabMinds has 2 offices.