What is Code Ocean?
Code Ocean operates as a unified platform designed for the creation, organization, and sharing of computational research. It empowers research teams to standardize their workflows, ensuring all computations and discoveries are meticulously tracked and reproducible. This capability is crucial for maintaining research integrity and accelerating scientific advancement in a collaborative environment. The company's focus on workflow standardization and reproducibility positions it as a key enabler for modern research endeavors.
How much funding has Code Ocean raised?
Code Ocean has raised a total of $31.5M across 2 funding rounds:
Series A
$15M
Series B
$16.5M
Series A (2021): $15M with participation from Vaal Partners, Battery Ventures, Digitalis Ventures, and EBSCO Industries
Series B (2022): $16.5M led by Battery Ventures, M12, and Microsoft’s Venture Fund
Key Investors in Code Ocean
Battery Ventures
Battery Ventures is a global investment firm that partners with founders and management teams to build category-defining businesses in software and services, enterprise infrastructure, online marketplaces, healthcare IT, and industrial technology. They invest across all stages, from seed to buyout.
M12
M12, Microsoft's Venture Fund, focuses on Series A through C enterprise software companies, particularly in applied AI, business applications, infrastructure, and security. They provide portfolio companies with access to strategic go-to-market resources and global relationships.
Digitalis Ventures
Digitalis Ventures engineers solutions for unmet health needs by investing in biotechnology and technology-enabled solutions aimed at improving human and animal health while reducing costs. Their multidisciplinary team focuses on creatively financing, building, and scaling enduring enterprises.
What's next for Code Ocean?
The recent major strategic investment suggests Code Ocean is poised for significant scaling and expansion. This capital infusion is likely to fuel further platform development, enhance its market reach, and potentially explore new verticals within the computational research landscape. The company's ability to attract significant backing from prominent investors like Battery Ventures and M12, both known for their focus on enterprise software and technology, signals a strong potential for continued innovation and market leadership. Future growth may involve deeper integration with existing research infrastructures and the development of advanced analytical tools.
See full Code Ocean company page
