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Technology Inventory solutions startup Genemod raises $1.5M to help research labs better process their data

02:10  21 august  2020
02:10  21 august  2020 Source:   geekwire.com

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Lab inventory management solutions enable laboratories and scientific research institutions to Generate inventory records on a lab -determined basis. Support data input or import from Excel or Genemod helps solve this by providing inventory , experiment management, applications, and data

a young man wearing a suit and tie: Genemod CEO Jacob Lee. (Genemod Photo) © Provided by Geekwire Genemod CEO Jacob Lee. (Genemod Photo)

Genemod, a Seattle-based startup that helps biotech companies maximize productivity with its cloud-based inventory solutions, has raised $1.5 million in a seed funding round.

The round was led by Defy.vc and is aimed at driving automation and improving research operations for labs. Genemod was co-founded by Jacob Lee and Jin Choe, both University of Washington graduates.

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Contents What is inventory accuracy? 1 . Maintain inventory in a well -organized warehouse 2. Establish good inventory naming and labeling practices Inventory Labeling Inventory Naming 3. Define and follow efficient storage and receipt processes and policies 4. Use cycle counting 5. Limit

“We’ve had unprecedented growth since March,” said Lee, the startup’s CEO. “The best companies are built on unified research data and Genemod is the data platform that makes good data accessible for teams.”

Lee said Genemod’s reach among scientists and research institutions has increased during the COVID-19 pandemic as they provide software tools for medical professionals on the front lines.

“We want to bring current traditional data recording processes to the 21st century,” Lee said. “Right now, scientific research and process automation is top of mind for everyone and we’re in a unique position to add value for scientists who need it most.”

Genemod lists Fred Hutchinson Cancer Research Center, University of Washington School of Medicine, Seattle Children’s Hospital and more as leading research institutions relying on its products. Its long-term vision is to help biotech companies develop cures faster by transforming the $19 billion scientific software industry with technologically advanced, pre-clinical, software solutions.

The startup, which took part in Venture Out’s Launch Program, currently has four employees and is looking to add two software development engineers to the team.

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