DNA sequencing company Illumina has unveiled a machine that may one day sequence a whole genome for less than $100. The company’s CEO Frank deSouza showed the machine, NovaSeq, at the JP Morgan Healthcare Conference in downtown San Francisco. He said that the machine could decipher an entire human genome in less than an hour.

Cost of sequencing has gone down tremendously. In 2006 Illumina’s first machine could sequence a human genome for $300,000 and slowly costs went down, last year it would cost $1,000 and now $100. The machines however cost much higher, as expected. The NovaSeq 5000 costs $850,000 and the NovaSeq 6000 costs $985,000.

Harvard, the Broad Institute of MIT, the Chan-Zuckerberg Biohub, and biotech companies Human longevity Inc. and Regeneron are ready to test NovaSeq.