Code Ocean, a NYC-based computational research environment for sharing scientific discoveries, raised $15M in Series A funding.
The round, which brought total funding to $21m, was led by Battery Ventures, with participation from Digitalis Ventures, EBSCO, Vaal Partners and other institutional and individual investors.
The company intends to use the funds to accelerate development of its environment and hire for all positions in engineering, marketing and sales.
Led by Simon Adar, Co-founder and CEO, Code Ocean provides a cloud-based platform for research teams to standardize research workflow, and to track and reproduce all computations and discoveries. The company’s environment manages access control and automates the use of any computing resource and storage. The platform is completely agnostic and incorporates RStudio, Jupyter, Terminal, MATLAB, Shiny, Git, and more.
In aggregate, Code Ocean’s open cloud has processed hundreds of thousands of complex computations for scientists from more than 1,000 universities. The company also has partnerships with research publishers such as Nature, AACR, IEEE, Elsevier, and others. Although the open-access cloud can be used for any type of research, its new Enterprise offering has achieved early adoption in the biotech, pharmaceutical and life sciences industries, in which it serves premiere corporate customers such as Sema4, Champions Oncology, CytoReason, Dragonfly Therapeutics, among others.
FinSMEs
17/05/2021