Edico Genome's DRAGEN Bio-IT Processor reduces the computational time required for analyzing a whole human genome from 24 hours down to 18 minutes. The company has demonstrated how one DRAGEN accelerator card can be used to analyze the data generated by a full HiSeq X Ten system producing 18,000 whole human genomes per year, which otherwise would take over 50 high-end computer servers. It is estimated this can result in a savings of approximately $6 million over four years.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 07/17/14 | $10,000,000 | Series A |
Axon Ventures Greg Lucier Qualcomm Ventures | undisclosed |
