Navigation Links
Tute Genomics Raises $2.3 Million to Scale Up Cloud-Based Genome Analytics and Accelerate Personalized Medicine

PROVO, Utah, Dec. 4, 2014 /PRNewswire/ -- Tute Genomics, a leader in cloud-based solutions for genome analysis, has raised $2.3 million in Series A1 funding led by UK-based Eurovestech. Peak Ventures and a number of angel investors also participated in the investment round.

"We are at a pivotal time in genomics as the healthcare community adopts next-generation sequencing and seeks new approaches for the diagnosis, treatment and prevention of disease," said Reid Robison, MD MBA, and CEO of Tute Genomics. "One of the main barriers to making personalized, genome-guided medicine a reality is data analysis, and Tute's platform drastically decreases the complexity and cost of analyzing genomic data sets. With the support of our new and existing investors, this financing will help us achieve our goal of transforming healthcare by bringing genomic insights into routine medical practice."

Tute Genomics has developed a comprehensive cloud-based genome analytics platform that empowers clinicians and researchers to draw meaningful insights from genome sequencing data. The ease of use and power of Tute's software gives labs, clinicians and researchers the ability to unlock the genome, personalize treatment and power discovery. Nearly 10,000 samples have already been processed by the platform, and Tute has commercial agreements in place across numerous institutions including clinical labs, molecular diagnostic companies, and research institutions.

Eurovestech has built a considerable reputation as a forward-thinking investment firm, distributing capital to innovative software and technology companies. "We believe Tute's platform is extremely well-positioned to help drive precision medicine forward," said David Ristow, Director of Investment at Eurovestech. "Together we are expediting genetic discoveries and enabling the adoption of genomic medicine in everyday clinical care." Eurovestech's position as lead investor also enables Tute to accelerate European expansion efforts. The enterprise API and genetic variant database developed by Tute is already in use by several European companies including ABL's OncoChek software, DataBiology's Enterprise SaaS tool for oncology, and Patients Know Best's personal health record. "We have been believers and backers of Tute from the beginning and are excited to partner with Eurovestech in this next phase of growth for the company," added Jeff Burningham, Founder and Managing Partner of Peak Ventures.

"We are fortunate to have Eurovestech as a new investment partner, and we share the same vision of data-driven medicine, by making genome analysis more accurate and accessible to the entire medical community," said Kai Wang, PhD, and President of Tute. "Next-generation sequencing is poised to revolutionize healthcare, however, analyzing this type of large-scale complex genetic data has traditionally been too difficult and costly. At Tute, we are excited to be solving these challenges by combining computational biology with big data technologies in an intuitive user interface so that more and more healthcare and research organizations can tap into the potential of the human genome to deliver valuable information about health and disease."

About Tute Genomics
Tute Genomics is a Utah-based company developing innovative cloud solutions to power the world's genomic knowledge, in order to accelerate genetic discovery and enable precision medicine. Tute's flagship product is a genome annotation and interpretation platform that assists clinicians and researchers in identifying disease genes and biomarkers from next-generation sequencing data. Tute is built on the expertise that developed ANNOVAR, the most widely used genome annotation technology with more than 900 scientific citations. To learn more, please visit

Media Contact:
Reid Robison, MD, MBA
Chief Executive Officer
(858) 779-4363

SOURCE Tute Genomics
Copyright©2014 PR Newswire.
All rights reserved

Related biology news :

1. SDSCs big data expertise aiding genomics research
2. BGI, University of Helsinki and Wuhan University sign a MOU concerning cooperation on genomics
3. In search for a vaccine, IU biologist receives $2.3 million to explore chlamydia genomics
4. ACRG and BGI report findings from genomics research on recurrent hepatitis B virus integration
5. The genomics symposium to boost the further development of cancer research
6. Elsevier launches new open access journal: Applied and Translational Genomics
7. ShanghaiBio Corporation Partners with Ingenuity Systems to Address Challenges in Analysis and Interpretation of Genomics Data
8. 2 pioneering plant genomics efforts given a funding boost by National Science Foundation
9. Physiological Genomics journal announces a major restructuring
10. New genomics study shows ancestry could help solve disease riddles
11. Ontario Genomics Institute invests in validation of a novel protein interaction technology at U of T
Post Your Comments:
(Date:4/5/2017)... KEY FINDINGS The global market ... CAGR of 25.76% during the forecast period of 2017-2025. ... for the growth of the stem cell market. ... MARKET INSIGHTS The global stem cell market is segmented ... The stem cell market of the product is segmented ...
(Date:3/30/2017)... 2017  On April 6-7, 2017, will host ... hackathon at Microsoft,s headquarters in Redmond, ... on developing health and wellness apps that provide a ... Genome is the first hackathon for personal genomics ... companies in the genomics, tech and health industries are ...
(Date:3/29/2017)... , March 29, 2017  higi, the health IT ... North America , today announced a ... the acquisition of EveryMove. The new investment and acquisition ... of tools to transform population health activities through the ... data. higi collects and secures data today ...
Breaking Biology News(10 mins):
(Date:10/9/2017)... ... October 09, 2017 , ... At its national board meeting ... a professor in Harvard University’s Departments of Physics and Astronomy, has been selected for ... of the winning team for the 2015 Breakthrough Prize in Fundamental physics for the ...
(Date:10/7/2017)... , ... October 06, 2017 ... ... experience providing advanced instruments and applications consulting for microscopy and surface analysis, ... in application consulting, Nanoscience Analytical offers a broad range of contract analysis ...
(Date:10/6/2017)... ... October 06, 2017 , ... ... the healthcare and technology sector at their fourth annual Conference where founders, investors, ... inspiring speakers and the ELEVATE pitch competition showcasing early stage digital health and ...
(Date:10/5/2017)... ... October 05, 2017 , ... Understanding the microbiome, the millions of bacteria that ... Love: You Are My Future, the newest exhibit on display at the University City ... human condition through the lens of the gut microbiome. , Gut Love opens ...
Breaking Biology Technology: