Fundraising Fox

Cernostics

Pittsburgh, US · Delaware corporation · 1 known investors

Find your way into Cernostics

Biotech

Founders & leadership

MH
Michael HoerresExecutive

Board

JP
James PetersBoard director
SG
Steve GrenfellBoard director
PS
Paul SchmittBoard director
ND
Noel DohenyBoard director

Investors · 1

Illumina VenturesFoster City

Reported raises · per SEC filings

Form D private placements

$11.7M disclosed across 4 rounds · 2015–2021

▶$6MraisedAug 2021 · 4 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael J. HoerresExecutive Officer, Director
  • Tom WilliDirector
  • Noel DohenyDirector
  • Gregg FergusDirector
Offering amount
$12.5M
Amount sold
$6M
Minimum investment
$118.9K
First sale
Jul 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.5MraisedMar 2018 · 1 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Courtland LongestDirector
  • Michael HoerresExecutive Officer, Director
  • Noel DohenyDirector
  • Paul SchmittDirector
  • LeRoy MetzDirector
Offering amount
$2.5M
Amount sold
$2.5M
First sale
Mar 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.3MraisedAug 2016 · 2 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Noel DohenyDirector
  • LeRoy MetzDirector
  • Michael HoerresExecutive Officer, Director
  • Paul SchmittDirector
Offering amount
$5M
Amount sold
$1.3M
First sale
Aug 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedJun 2015 · 7 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Noel DohenyDirector
  • Michael HoerresExecutive Officer, Director
  • James PetersDirector
  • Steve GrenfellDirector
  • Paul SchmittDirector
Offering amount
$3.7M
Amount sold
$2M
First sale
May 2015
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase II2015$1.2M
National Institutes of Health (NIH)National Institutes of HealthPhase I2009$147.3K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Biotech firm Cernostics is taken public via acquisition, with capital to expand its team in Pittsburghtechnical.ly · Oct 2021Here's what Cernostics' acquisition means for the longtime Pittsburgh company - Pittsburgh Business Timesbizjournals.com · Oct 2021Cernostics Raises $2.5M for Next Generation Cancer Diagnosticshitconsultant.net · Mar 2018Cernostics Raises $2.5 Million in Series A1 Financing, Led by Illumina Venturesprnewswire.com · Mar 2018Cernostics Receives Initial $1.3M Of $5M Follow-On Investment | Ben Franklin Technology Partners Of Northeastern Pennsylvanianep.benfranklin.org · Sep 2016Cernostics Raises $1.4 Million in Series B Roundprnewswire.com · Dec 2013

Frequently asked questions

Who are Cernostics's investors?
Cernostics's investors include Illumina Ventures.
How much funding has Cernostics raised?
Cernostics has disclosed $11.7M raised across 4 rounds.
Where is Cernostics headquartered?
Cernostics is headquartered in Pittsburgh, US.