Genome Insight Secures $23 Million in Series B-2 Funding Round

03 November 2023 | Friday | News


Genome Insight, a precision healthcare solutions company promoting whole-genome technology for accurate diagnosis and personalized treatment for cancer and rare disease, today announced that it has closed a $23 million in a Series B-2 investment in its latest funding round. The round was joined by Samsung Venture Investment Corporation, Asan Foundation, SCL Group, and Ignite Innovation. Existing investors participated in this round. This round follows a Series B investment in 2022 that also raised $23 million.
Image Source : Public Domain

Image Source : Public Domain

This investment will support Genome Insight’s pursuit of bringing whole-genome based precision diagnostics to routine clinical care. Earlier this year, the company announced the launch of CancerVision, a test that utilizes whole genome sequencing to offer precise, timely, and medical relevant information that assists in making individualized healthcare decision in cancer. CancerVision integrates advanced bioinformatics and computational techniques to determine whole-genome mutational profiles of individual cancer patients. The information is analyzed and curated for physicians in an easy-to-use format that captures the most relevant and actionable insights for each patient.

"Genomic data has the potential to unlock a new era in healthcare. We envision a future where genomic information is integral to standard patient care," says Young Seok Ju, the Founder and CEO at Genome Insight.

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