Welcome!

Java IoT Authors: Yeshim Deniz, Zakia Bouachraoui, Pat Romanski, Liz McMillan, Elizabeth White

News Feed Item

Maverix Biomics Closes $6 Million Series A Round for Proven Gene Expression Data Analysis Company

- Prominent Silicon Valley Information Technology Investors at Forefront of Life Sciences Cloud Computing for Next Generation Sequencing and Genomics -

SAN MATEO, Calif., Jan. 7, 2014 /PRNewswire/ -- Maverix Biomics, Inc., a leading provider of software for next-generation sequencing genomic data analysis, today announced that it has closed a $6 million Series A funding round. The company's pioneering flagship offering, the Maverix Analytic Platform, simplifies complex big data analytics for life science researchers; integrating context-based data exploration, interactive visualization, secure data management, and affordable long-term storage in an easy-to-use cloud-based solution.

The financing was led by one of Silicon Valley's oldest and most prestigious venture capital firms, Asset Management Ventures, and two prominent Silicon Valley information technology investors, Andreas Bechtolsheim and Andrew Yang. Bechtolsheim was a co-founder of Sun Microsystems, Granite Systems, and Kealia, and is currently Chairman of the Board at Arista Networks.  Perhaps most notably, Bechtolsheim was one of the original angel investors in Google in 1998. Yang was co-founder of Apache Design (now a division of ANSYS) and is currently an active entrepreneur and investor, with a portfolio including Anagram, CADMOS Design, and Mojave.

At the close of the round, Louis G. Lange MD PhD, General Partner at Asset Management Ventures and Senior Advisor at Gilead Sciences, and Andrew Yang PhD, Vice President and  General Manager of ANSYS, joined the Maverix board. The Series A funds will be used to continue commercial momentum and rapidly expand usage of the Maverix Analytic Platform, which has already gained market traction and is generating revenue from a number of influential researchers and scientists in pharmaceutical, molecular diagnostics, clinical, agricultural, and academic research settings.  Maverix also recently announced a co-marketing alliance with Qiagen to streamline the interpretation of raw next-generation gene expression data into meaningful and actionable insights.

"Maverix is a great example of a portfolio company where Asset Management can offer its expertise in both life sciences and information technology. We have been consistently impressed with the company's leadership, scientific, and software development expertise," said Dr. Lange.  "As high-throughput sequencing becomes a mainstream research and clinical technology, bioinformatics must move from the computer room directly into the hands of life scientists, creating a hundred-fold increase in potential customers that Maverix is uniquely poised to serve."   

"I have been very impressed with the Maverix team and their ability to differentiate the Maverix Analytic Platform from other bioinformatics solutions," said Dr. Yang.  "The Maverix value proposition is appealing to scientists who lack computer programming skills and cannot or do not want to invest in the IT infrastructure necessary to process and understand the vast amounts of raw genomic data resulting from large sequencing projects.  This market dynamic is analogous to my previous success in developing software solutions for the electronic design automation and semiconductor industries."     

"It's both exciting and gratifying to have two pre-eminent investor groups from the life sciences and information technology arenas come together to back Maverix," said Dave Mandelkern, Maverix co-founder and CEO. "We've already gained a significant amount of momentum, credibility and revenue in the marketplace and this round of funding is a huge endorsement of our vision as a leader in NGS gene expression analytics."

Researchers using the Maverix Analytic Platform experience a simple, collaborative user environment that allows them to upload their own data, initiate their own analyses, and put their results in context with other public and private data sources. Leveraging the power of proven, open source analytic tools that previously have been available only to bioinformatics experts, researchers are able to immediately perform analyses with reliable, scientifically recommended configurations, as validated and cited in peer- reviewed journal publications. Visualization is provided through a variety of integrated graphical tools, including the UCSC Genome Browser, the world's most widely used genome browser.  

"UC Santa Cruz has been one of the leading centers for genomics research for over a decade. Maverix has really benefited from the talents of UCSC graduates, as they continue a tradition of creating tools and resources used around the world," said Todd Lowe, Ph.D., Professor of Biomolecular Engineering at UC Santa Cruz, and co-founder of Maverix.  "The company is building on this know-how to directly address the needs of a much broader audience of scientists new to NGS analytics, as well as those who want to scale up their analytics by orders of magnitude."

About Maverix Biomics: 
Based in San Mateo CA and backed by leading venture capital firms and Silicon Valley investors, Maverix Biomics, Inc. provides researchers with a cloud-based platform to manage, analyze, and visualize genomic data, build Communities of Discovery, and place their data in context with the latest public genomic and biomic data from the full spectrum of life, including human, plant, animal, or microbial organisms. For more information, visit www.maverixbio.com.  

SOURCE Maverix Biomics

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.