Code Ocean Announces $16.5M Series B Funding to Expand Digital Lab Platform for IT Professionals

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“We are excited to lead Code Ocean’s Series B with Battery Ventures, as we believe the company is uniquely positioned to address some of the most fundamental issues in research reproducibility, collaboration, safety and productivity. computing as research grows and moves to the cloud, starting with Bio-Pharma,” said Irad Dor, Partner, M12, Microsoft’s venture capital fund. “Code Ocean complements our portfolio of companies that improve the productivity, reproducibility and shareability of scientific research. By ensuring consistent results and accelerating the speed of research, scientists can more quickly build on previous research advances to accelerate access to new therapies and diagnostics for patients. and doctors.”

The core technology of Code Ocean’s digital lab is the Compute Capsule®, a new container technology for science that encapsulates a reproducible, archival, and executable version of an experiment that combines the essential triplet of any computational research work: code, data, and computing environment. The Compute Capsule is built on the concept of open science, allowing easy migration of code and data between platforms. By automating the function of Docker, git repositories, Nextflow, and other open source technologies, the Digital Lab presents an easy-to-use automated lab environment to ensure researchers can replicate, reuse, and share computational experiments. The capsule’s unique capability allows the full function of the computational experiment to be preserved and reused in current and future years of research.

Capsules, datasets and results become scientific assets that are managed in a secure and searchable repository. Code Ocean’s cloud-based environment gives IT the ability to monitor and manage access to any computing and storage resource. The Code Ocean platform is completely language independent and integrates cloud desktops for RStudio, Jupyter, Terminal, MATLAB, Shiny, etc.

“A consistent, automated virtual lab is absolutely essential in today’s digital age of science,” said Simon Adar, co-founder and CEO of Code Ocean. “Computing has given us vastly increased speed and, simultaneously, vastly increased complexity. To advance computer science at a faster rate, access to high performance computing for scientists must be simplified to maximize collaboration secure and transparent and accelerate discoveries to market.Our platform solves the barrier of complexity by providing a digital laboratory that allows the scientist to focus on science.With greater scientific productivity, advances in healthcare including the rapid development of personalized medicine, we will ultimately deliver better healthcare outcomes in the years to come. Code Ocean is THE hub of shareable scientific knowledge across disciplines.”

Code Ocean’s platform has established a track record of success with researchers and leading biopharmaceutical companies. Disciplines such as biology, biopharma, chemistry, genomics, and emerging areas of computer science, such as AI-driven drug R&D, greatly benefit from Code Ocean’s platform.

Adopted by leading biopharmaceutical companies such as Sema4, Lantern, Champions Oncology, CytoReason, Dragonfly Therapeutics and others, Code Ocean’s digital lab concept is already reducing the cost of computational research and allowing IT professionals to focus on Science. Code Ocean also supports the development of new technologies in startups through a special access program available to early stage venture capitalists such as AION Labs.

“Our scientists, researchers and data engineers needed a world-class environment to create reproducible science in a highly secure and collaborative environment,” said Panna Sharma, President and CEO of Lantern Pharma. “Code Ocean’s digital lab has been an ideal environment for our scientists and engineers to design and scale our proprietary AI for drug discovery, as it allows them to develop, document and share ideas faster. and more efficiently.”

The Code Océan digital lab is available to researchers and companies in two forms. With advanced features for data storage, analysis pipelines, and API connections to extend the platform, Code Ocean Enterprise is a secure virtual lab environment that is deployed with automated access to the customer’s private cloud. Code Ocean customers have deployed the lab in both secure deployments with protected patient data and lab deployments for development and computing experiments. Code Ocean’s platform is also available as a free public platform for any scientific developer and authors publishing through Nature, IEEE, Elsevier and others. With more than 2,500 public research capsules with open-source code and immediately available to run in the cloud, Code Ocean is the new benchmark for open science.

Code Ocean is currently recruiting for all engineering, science, marketing and sales positions. For more information, please visit https://codeocean.com.

About Code Ocean

Code Ocean is where great computer science is created, organized, and shared in one place. The Code Ocean platform offers multidisciplinary scientists the best way to standardize workflows and track and replicate all calculations and findings. By making it easier and more efficient for scientists to collaborate, Code Ocean improves reproducibility, maximizes return on IT investment, and saves time by automating repetitive functions. For more information, please visit: www.codeocean.com and Twitter @CodeOceanHQ.

About Battery Ventures

Battery partners with exceptional founders and management teams to grow category-defining businesses in markets such as software and services, enterprise infrastructure, online markets, healthcare IT and industrial technology. Founded in 1983, the firm supports businesses at all stages, from seed and start-up to growth and buyout, and invests globally from six offices: Boston; San Francisco and Menlo Park, California.; Herzlia, Israel; London; and New York. Follow the company on Twitter @BatteryVentures, visit our website at www.battery.com and see the full list of Battery portfolio companies here.

About M12

M12, Microsoft’s venture capital fund, invests in enterprise software companies primarily in Series A-C funding stages, with a focus on applied AI, business applications, infrastructure , security and state-of-the-art technologies. As part of its added value to its portfolio companies, M12 provides unique access to resources and strategic go-to-market relationships globally. M12 has offices in San Francisco, Seattle, London, Tel Avivand Bengaluru. https://m12.vc

Ocean Code media contact:
Philip Bergman
[email protected]
Cell: 845-728-3984

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