Genemod raised $1.7 million to help life sciences companies and researchers with its cloud-based inventory software. The Seattle startup aims to improve automation and research operations for customers such as Fred Hutchinson Cancer Research Center and the University of Washington School of Medicine. It plans to roll out new product management software with the new funding.
Genemod, a software for laboratory inventory management used by institutions like the University of Washington School of Medicine; the University of California, Berkeley, and the National Institutes of Health; has raised $1.7 million from a clutch of top venture investors.
Genemod, a software solution for life scientists that uses data automation to streamline and accelerate research, today announced a $1.7M seed funding round led by Defy.vc with added support by Omicron, Unpopular Ventures, Underdog Labs, and Canaan Partners Scout Fund. The funding will enable Genemod to now include a complimentary product management software alongside the company's flagship life sciences inventory management service. The funding is a stepping stone to bring Genemod's vision to life as the company solves the problems around data sharing for biotech companies allowing research to be repeatable and cures to be developed at a faster pace.
"I prefer simplicity and intuitive use over having many functions that are never likely to be used. A simple user interface and easy-to-use wizards are really vital, and Genemod solves this."
"We need to know where our samples are at every step of the workflow and our team needs to be able to access these logs at any stage; the Genemod platform provides these capabilities."