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Benchling Doubles Annual Recurring Revenue (ARR) for Fourth Straight Year Amid COVID-19 Pandemic


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SAN FRANCISCO, Jan. 14, 2021 /PRNewswire/ With biotech seizing headlines amid the COVID-19 pandemic,
Benchling - the industry s most widely adopted life science R&D cloud - closed another record-breaking year. The company doubled its annual recurring revenue (ARR) for the fourth year in a row while adding more than 150 customers in industries spanning biopharmaceuticals, biomaterials, agriculture, renewable energy, fragrances and food.
Benchling s business achievements for 2020 include:
Speeding breakthroughs: Customers working on treatments for COVID-19 estimated that using Benchling shortened their time to deliver multiple antibody treatments to market by 70%.
Rapidly growing customer base: Since launching in 2012, more than 270,000 scientists and 1,000 R&D organizations have adopted Benchling s cloud platform. Notable new customers added in 2020 include Gilead Sciences, Sanofi, UCB, and Corteva Agriscience. ....

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