ASKION

ASKION

Gera, Germany· Est.
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Private Company

Total funding raised: $17.5M

Overview

Founded in 1991 and based in Gera, Germany, ASKION has developed into a specialized provider of advanced, automated biobanking systems. Its core offering, the modular ASKION C-line®, enables scalable, GMP-compliant storage and handling of biological samples for the biologics and cell therapy sectors. The company addresses the critical need for reproducibility, sample integrity, and data traceability in managing sample collections ranging from a few thousand to millions of specimens. ASKION operates as a technology and services provider within the life sciences tools and infrastructure market.

BiologicsCell Therapy

Technology Platform

The ASKION C-line® is a modular, automated system for cryogenic biobanking. It integrates controlled freezing, robotic sample storage/retrieval in nitrogen gas phase (down to -185°C), cryogenic sample identification, and dedicated software for full sample lifecycle documentation and compliance.

Funding History

2
Total raised:$17.5M
Series A$15M
Seed$2.5M

Opportunities

The growth of cell/gene therapy manufacturing and large-scale population biobanks drives demand for automated, GMP-compliant sample management.
Increasing adoption of ISO 20387 biobanking standards favors integrated, traceable systems like the C-line®.
The need to modernize legacy sample collections presents a service and retrofit market.

Risk Factors

Revenue is tied to capital expenditure cycles of research and biopharma clients, making it susceptible to economic downturns.
Faces competition from larger, well-funded life science tool companies.
The complexity of its automated systems carries inherent risks related to reliability, software integration, and scaling global service support.

Competitive Landscape

ASKION competes in the automated cryogenic storage segment against companies like Brooks Life Sciences (BioStore, SampleStore), Hamilton Storage, and Stirling Ultracold. It differentiates through deep cryogenic automation (handling at -130°C), modular scalability, and a strong focus on the complete workflow from freezing to documentation. Larger competitors may have broader product portfolios and sales reach.