Code Ocean: Raises $16.5M in Series-B Funding

Code Ocean Raises $16.5M in Series-B Funding

• Code Ocean, a New York-based computational-research laboratory SaaS platform for scientific collaboration and discovery, raised $16.5M in Series B funding
• The round was led by Battery Ventures and M12
• The company intends to use the funds to expand operations and its business reach
• CodeOcean provides a platform that enables multidisciplinary scientists to standardize workflows, and to track and reproduce all computations and discoveries
• The CodeOcean digital lab provides a secure environment to automate research in the cloud and guarantee fully reproducible research across scientific disciplines
• It aims to make it easier and more efficient for scientists to collaborate, optimize return on IT investment, and save time by automating repetitive functions