Transcriptic is a cloud-based biotech lab that tests for experimental drugs automation and robotics, and has become a key platform for many biotech companies in Silicon Valley. It takes an average of 12 years and billions of dollars to get a new drug on the market. According to Transcriptic, its services enable scientists to work remotely with a wide swath of data and automated equipment that can produce low-cost results in days. While there’s a lot more to getting a drug on the market, this could greatly reduce the time and cost involved in getting life-saving drugs to market faster. Unlike other facilities, Transcriptic builds its own robots and customized code rather than bringing in more expensive and traditional automated equipment. This further cuts down on cost and allows the lab to scale quickly.