Cache, a San Carlos, CA-based life sciences company working for biological sample and data storage infrastructure, raised an undisclosed amount in Seed funding.
Backers included Climate Capital Bio, Exor Ventures, Hawktail, LifeX Ventures, Pillar VC, and Trousdale Ventures, including support from Illumina and founders such as Alec Nielsen.
The company intends to use the funds to expand its R&D sector and support commercial development efforts and key partnerships to bring their solutions to market.
Led by CEO Michael Becich, Mark Bathe and James Banal, Cache DNA is helping partners across the multi-omic landscape preserve molecular biospecimens, accelerate high-throughput applications, and achieve sustainable scale with its biobanking solutions. It offers a team of innovators focused on addressing the structural barriers that limit researchers’ ability to leverage molecular insights from precious biospecimens.
Cache is now partnering with a growing number of academic medical centers, commercial labs, and biobanks worldwide.
Commenting on the news, Michael Becich said: “With the democratization of sequencing, laboratories are struggling to store and manage a growing number of crucial molecular samples—and their accompanying data—in a compliant manner. As artificial intelligence continues driving the field forward, the need for standards and scalable capabilities in an evolving multi-omic landscape has never been greater.”
FinSMEs
07/05/2024