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Ovation

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Provider of genomic data for the life sciences industry

Cambridge, United StatesFounded 2009Biotech & Life Sciences
Valuation $100–250M Last recorded · 2020
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 Ovation and the history behind them.

About Ovation

Ovation.io is a precision medicine startup specializing in the generation and integration of high-value human genomic and multi-omics data, linked with detailed longitudinal clinical information. The company’s platform is designed to accelerate drug discovery and development by providing disease-specific genomic and transcriptomic data cohorts that offer the scale, diversity, and depth necessary for impactful biomarker discovery, target identification, and patient stratification.

For life sciences organizations, Ovation.io delivers comprehensive datasets that support research across various therapeutic areas. Notably, the company has launched specialized datasets, such as a comprehensive research data set of whole genome sequences and longitudinal clinical records for patients treated with GLP-1 agonists, and a multi-omics database for oncology in partnership with ONCare Alliance. Their inflammatory bowel disease (IBD) dataset provides immediate access to diverse patient cohorts, with deep sequencing and curated clinical data spanning the entire patient journey.

For clinical laboratories, Ovation.io offers Ovation LIMS, a laboratory information management system tailored to the needs of molecular diagnostic labs, and the Ovation Research Network, which enables labs to contribute remnant samples for research, thereby supporting the discovery of new treatments.

Ovation.io’s approach emphasizes data quality, diversity, and accessibility, aiming to de-risk and expedite the development of new therapies through robust, clinically relevant datasets.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2009
Headquarters
Cambridge, United States
Employees
46
Open positions
None listed
Dealroom signal
67.7/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Drug Development, Genetics and genomics, Biotech and Pharma, Techbio, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Dec 2020 $22M $86M SignalFire · David Shaw · Borealis Ventures · Madrona Venture Group —
LATE VC✓Equity / VC Mar 2019 $5M $20M Borealis Ventures · Zach Weinberg · David Shaw · Madrona Venture Group —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Ovation website traffic

Latest recorded traffic for Ovation is 7.7K monthly website visits, up 54% over the last three months. Ovation's team declined 16.4% over the past year.

Latest monthly visits7.7K 3-month web change+54% 1-year team growth-16.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

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

10 investors on the cap table

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

Seed1 investor entered at this stage

  • Stage dot O

Series B and later6 investors entered at this stage

Other known investors3 additional known investors

  • Chris Scoggins
  • Koa Labs
  • Phil Ferneau
Team profiled 19 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 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
2 countries with
team presence
🇺🇸 United States97.1%
🇳🇿 New Zealand2.9%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ovation 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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