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Code Ocean

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Great computational research that is created, organized, and shared in one place

New York City, United StatesFounded 2016Biotech & Life Sciences
Valuation $50–100M Last recorded · 2022
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Code Ocean and the history behind them.

About Code Ocean

Code Ocean provides a cloud-based computational research platform aimed at enhancing the reproducibility and efficiency of scientific discovery. Founded in 2014 by Simon Adar and Ram Dayan, the company originated from Adar's postdoctoral work at Cornell Tech, where he identified critical gaps in the tools available for computational science. Adar, with a background in signal processing and experience at the German Space Agency, teamed up with Dayan, who brought over 30 years of programming experience to build the platform. The company has secured significant funding, including a $16.5 million Series B round in May 2022, to fuel its growth and platform development.

The company's core offering is a Software-as-a-Service (SaaS) platform that functions as a digital lab for computational scientists. It primarily serves the biopharmaceutical, biotechnology, and academic research sectors, with clients like Sema4, Champions Oncology, and the Allen Institute. The business model centers on providing this integrated environment to standardize research workflows, manage data, and ensure that computational experiments are fully traceable and reproducible. This addresses a significant challenge in scientific research where results are often difficult to replicate due to variations in code, data, and computing environments.

The platform's central feature is the "Compute Capsule," an executable and shareable container that encapsulates the code, data, computational environment, and results of a research project. These capsules are version-controlled using Git and built on Docker technology, ensuring that an analysis will run identically every time, now or in the future. The platform integrates with common data science tools like Jupyter, RStudio, and MLflow, and operates on cloud infrastructure such as AWS, allowing researchers to provision necessary computing resources like CPUs and GPUs on demand. By automating infrastructure management and providing a collaborative space, Code Ocean enables scientists to focus on research rather than DevOps, ultimately accelerating the pace of discovery.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
New York City, United States
Employees
36
Open positions
2
Dealroom signal
80.1/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Tech for Biotech and Pharma, Techbio, Techbio Drug Discovery, DT and LS, science-based
Technology
Artificial Intelligence, Deep Tech
Business model
SaaS
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC May 2022 $17M $66M Battery Ventures · M12 ↗
SERIES A✓Equity / VC May 2021 $15M $60M Digitalis Ventures · EBSCO Capital · Vaal Investment Partners · Battery Ventures —
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021 —
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Growth signals

Code Ocean website traffic

Latest recorded traffic for Code Ocean is 51K monthly website visits, down 21.5% over the last three months. Code Ocean's team grew 20% over the past year.

Latest monthly visits51K 3-month web change-21.5% 1-year team growth+20%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A5 investors entered at this stage

Other known investors2 additional known investors

  • Cornell Tech
  • Cornell University
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇺🇸 United States50%
🇮🇱 Israel19.2%
🇨🇦 Canada3.9%
🇮🇪 Ireland3.9%
🇩🇪 Germany3.9%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Code Ocean on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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