Scispot raises $8M USD to help life sciences labs move faster

Already used by 100+ labs, the Kitchener-Waterloo company helps life sciences teams automate digital lab work, manage millions of samples, and keep lab operations traceable.
Person walking through the lab at Velocity's Innovation Arena.
The lab at Velocity's Innovation Arena. Photo by Brandon Marsh.
Velocity
Health
June 4, 2026

Life sciences labs run on fragmented systems: spreadsheets, electronic notebooks, robotics, and tools that don't talk to each other. That makes it nearly impossible to leverage AI and move research forward at speed.

Co-founders of Scispot, Guru Singh and Satya Singh, standing together and facing the camera.
Co-founders of Scispot, Guru Singh (left) and Satya Singh (right).

Scispot, founded by brothers Guru Singh and Satya Singh, builds AI-powered software that centralizes experiment planning, execution, documentation, and inventory tracking into a single platform.

The company is already used by 100+ labs across biotech, pharma, diagnostics, genomics, CRO/CDMO, bioproduction, biobanking, and testing workflows, supporting 250+ instrument types and 1,000+ experiments per month.

Scispot has closed an $8M USD Series A led by Avenue Growth Partners, with participation from Breakwater Ventures, bringing total funding to nearly $10M USD. The capital will go toward expanding its team of forward-deployed AI engineers and scientists to help more labs adopt the platform.

Read the full press release.