What is Code Ocean?
Code Ocean serves as a comprehensive platform for creating, organizing, and sharing 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 scientific integrity and collaboration in an increasingly data-intensive research landscape.
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 Digitalis Ventures, Battery Ventures, Vaal Partners, and EBSCO Industries
Series B (2022): $16.5M led by M12, Battery Ventures, and Microsoft’s Venture Fund
Key Investors in Code Ocean
Digitalis Ventures
Digitalis Ventures is an investment firm focused on biotechnology and technology-enabled solutions that improve health outcomes and reduce costs, leveraging deep technical and financial expertise.
Battery Ventures
Battery Ventures is a global investment firm that partners with founders of category-defining businesses in software and services, enterprise infrastructure, and healthcare IT, investing across all stages from seed to buyout.
M12
M12, Microsoft's Venture Fund, invests in enterprise software companies, particularly those focused on applied AI and vanguard technologies, providing strategic go-to-market resources.
What's next for Code Ocean?
The recent major strategic investment indicates Code Ocean is likely in a scaling phase, focusing on expanding its platform's reach and capabilities. This enterprise-level funding suggests a strategic push to solidify its market position and potentially explore new avenues for growth, such as broader industry adoption or enhanced feature development. The company's trajectory points towards becoming an indispensable tool for scientific innovation.
See full Code Ocean company page
