Code Ocean Raises $16.5M in Series-B Funding

Code Ocean, a New York-based computational-research laboratory SaaS platform for scientific collaboration and discovery, raised $16.5M in Series B funding.

The round was led by Battery Ventures and M12.

The company intends to use the funds to expand operations (currently hiring for all positions in engineering, science, marketing and sales) and its business reach.

Led by CEO Simon Adar, Code Ocean provides a platform that enables multidisciplinary scientists to standardize workflows, and to track and reproduce all computations and discoveries. The Code Ocean digital lab provides a secure environment to automate research in the cloud and guarantee fully reproducible research across scientific disciplines. It aims to make it easier and more efficient for scientists to collaborate, optimize return on IT investment, and save time by automating repetitive functions.

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 across platforms. By automating the function of Docker, git repositories, Nextflow, and other open-source technologies, the digital lab presents an automated lab environment to guarantee that researchers can reproduce, reuse, and share computational experiments. The capability of the Capsule allows the entire function of the computational experiment to be preserved and re-used in current and future research years into the future.

The platform, completely language agnostic and incorporates cloud workstations for RStudio, Jupyter, Terminal, MATLAB, Shiny, and more, is adopted by premier biopharma companies such as Sema4, Lantern, Champions Oncology, CytoReason, Dragonfly Therapeutics, and others.