About the company
Bit Bio is a Cambridge synthetic biology company that programs human induced pluripotent stem cells into defined cell types using the opti-ox precision cell programming approach. Bit Bio sells these cells and disease models through the ioCells product line for research, drug discovery and safety testing, and also works on partnerships around cell therapies. Bit Bio was spun out of the University of Cambridge in 2016 and has reported raising around $225m to date. Public announcements in December 2024 and January 2026 describe a tools-first strategy and two funding rounds led by M&G Investments ($30m and $50m). External coverage reports a workforce reduction of about 25% in early 2025 during that strategic reset.