GenomSys
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | <1m | 1.4m | 2.3m | 2.3m |
% growth | - | 46 % | 62 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Spinout | ||
N/A | $2.2m | Seed | |
€50.0k | Grant | ||
€480k | Grant | ||
$9.4m | Series A | ||
Total Funding | $12.2m |
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Recent News about GenomSys
EditGenomSys is a Swiss-based startup that operates in the genomic data processing market. The company has developed a toolkit that implements the new ISO/IEC 23092 MPEG-G standard, a technology that allows for more efficient processing and transmission of genomic data. This toolkit is CE-marked as an In-Vitro Diagnostic (IVD) medical device, meaning it has met the European Union's stringent safety, health, and environmental protection requirements.
GenomSys' primary clients are organizations that handle genomic data, such as genomic diagnostic laboratories. The company's toolkit can be integrated with sequencing machines, resulting in smaller files and faster data transmission. This allows for accelerated time-to-market for genomic applications. Additionally, the toolkit can be interfaced with genomic tertiary analysis applications, enabling manufacturers to focus on their core competencies.
The company's business model revolves around providing software solutions to genomic professionals. These solutions are developed by a multicultural team of geneticists, bio-informaticians, mobile developers, and software engineers. The company prides itself on the quality of its products, which are developed with Swiss precision and are ISO-13485-certified.
GenomSys generates revenue by selling its software solutions to genomic professionals and organizations. The company's products are not only efficient and reliable but also user-friendly, requiring no onboarding or IT expertise. This makes them an attractive option for genomic diagnostic laboratories, which can benefit from faster data upload and processing, as well as reliable annotation via access to Varsome’s curated database.
Keywords: GenomSys, genomic data processing, ISO/IEC 23092 MPEG-G standard, In-Vitro Diagnostic medical device, genomic diagnostic laboratories, genomic applications, software solutions, ISO-13485-certified, genomic professionals, Varsome’s curated database.