7 years ago

PetaGene Raises €1.8 Million for Genomic Data Compression Software

  • PetaGene, a UK-based startup specializing in genomic data compression software, has raised €1.8 million in funding led by Romulus Capital

  • The investment will be used to grow PetaGene's technical and sales teams, and expand its product offerings

  • PetaGene's software addresses the growing data management challenges within genomics, enabling the compression of large amounts of data without compromising access or quality

  • The company has already secured a large contract with a major pharmaceutical company and its customers include pharmaceutical companies, academic research institutions, hospitals, and genomic sequencing companies.

      • ProblemTechnology

      "Storing and managing vast amounts of genomic data is expensive and inefficient, hindering research and development in healthcare."

      Solution

      "PetaGene offers data compression software specifically designed for genomic data, reducing storage costs and transfer times without compromising data quality or accessibility."

      Covered on