Third Wave Analytics
Private Company
Funding information not available
Overview
Third Wave Analytics is a private, revenue-generating software company that has developed Lockbox LIMS, a highly-rated, cloud-native laboratory information management platform. The company targets biotech, NGS, core, and QC labs, offering a configurable solution that scales from research to commercial operations while ensuring compliance with CAP/CLIA, HIPAA, and 21 CFR Part 11. Its business model is based on selling software subscriptions and related professional services, leveraging the Salesforce ecosystem for deployment and scalability. The company appears to be in a growth phase, as evidenced by strong customer testimonials, high ratings on platforms like G2 and Capterra, and an active schedule of educational webinars.
Technology Platform
Lockbox LIMS: A cloud-native, configurable Laboratory Information Management System (LIMS) built natively on the Salesforce platform and hosted on AWS. It features a modular architecture for sample tracking, storage management, protocol execution, and inventory management, with point-and-click customization and built-in compliance (21 CFR Part 11, HIPAA, CLIA, CAP).
Opportunities
Risk Factors
Competitive Landscape
Third Wave competes in a fragmented LIMS market against large, established vendors like LabVantage, LabWare, and Thermo Fisher, as well as other cloud-native players such as Benchling (which started in ELN). Its key differentiator is being a native Salesforce application, offering deep configurability and ease of integration for labs already in the Salesforce ecosystem. Competition is based on functionality, user experience, implementation speed, cost, and compliance capabilities.