Ceres moving to larger space in Prince William
- December 15, 2017
Ceres Nanosciences is moving into a new building within Prince William County’s Innovation Park.
The life sciences company is renovating 9,100 square feet of commercial wet lab and office space at 9460 Innovation Drive. Ceres Nanosciences is graduating from the Prince William Science Accelerator and expects to move into its new space in January.
The expansion comes at an important time in the company’s growth. Ceres soon will complete a $9 million round of private investment, with $7.5 million coming from GreyBird Ventures, an early-stage venture fund based in Boston.
The company’s Nanotrap nanoparticle technology can detect signs of disease at extremely low levels from urine, saliva and blood.
The new office will double the company’s current capacity, which has grown to 14 employees during the past year.
“Our expansion is not a result of new funding alone, it’s primarily being driven by a new pipeline of commercial opportunities for our technology”, said Ross Dunlap, Ceres’ CEO. “We’re moving into this space so we can scale up our manufacturing capacity to meet the demands of our customers.”
The company received a $50,000 Economic Development Opportunity Fund grant to help with the expansion.