Skip to main content
Premium Trial:

Request an Annual Quote

Genoox Raises $8M, Names New Board Chair

NEW YORK – Genoox said Tuesday that it has closed an $8 million round of venture capital.

In Venture, the investment arm of Japanese industrial conglomerate Sumitomo, led the round, with participation from Infinity Medical. Previous investors Inimiti, Glilot Capital, and Triventures also took part in the unnamed round.

Palo Alto, California-based genomic analysis firm Genoox said that it would use the new funding to expand its customer base from its current level of 1,500 healthcare organizations. Genoox provides machine learning to analyze large amounts of genetic data from next-generation sequencing.

"With thousands of genomic professional users around the globe, our community is rapidly growing and helping the genetic medical community bridge the gap in clinical care," Amir Trabelsi, CEO and cofounder of Genoox, said in a statement. "The community [is] already generating novel and valuable insights for its members across a wide range of domains, including oncology, pediatrics, rare and undiagnosed diseases, reproductive health, pharmacogenetics, and more."

The company, which was founded in Israel, previously announced a venture investment in 2018, when it closed a $6 million round. Its last named round was a Series A in 2017.

Genoox also said that it has named Ohad Arazi chairman of the board. Arazi is entrepreneur-in-residence for Telus Ventures in Canada.

The Scan

Positive Framing of Genetic Studies Can Spark Mistrust Among Underrepresented Groups

Researchers in Human Genetics and Genomics Advances report that how researchers describe genomic studies may alienate potential participants.

Small Study of Gene Editing to Treat Sickle Cell Disease

In a Novartis-sponsored study in the New England Journal of Medicine, researchers found that a CRISPR-Cas9-based treatment targeting promoters of genes encoding fetal hemoglobin could reduce disease symptoms.

Gut Microbiome Changes Appear in Infants Before They Develop Eczema, Study Finds

Researchers report in mSystems that infants experienced an enrichment in Clostridium sensu stricto 1 and Finegoldia and a depletion of Bacteroides before developing eczema.

Acute Myeloid Leukemia Treatment Specificity Enhanced With Stem Cell Editing

A study in Nature suggests epitope editing in donor stem cells prior to bone marrow transplants can stave off toxicity when targeting acute myeloid leukemia with immunotherapy.