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Edico Genome Raises $10 Million in Series A Financing to Commercialize DRAGEN Chip to Overcome Sequencing Data Analysis Bottleneck
Date:7/17/2014

ress the evolving needs for the industry grow significantly. We see the bottleneck shifting now to the analysis and transfer of the huge amounts of raw data generated by next-generation sequencers."   

Edico Genome's DRAGEN Bio-IT Processor reduces the computational time required for analyzing a whole human genome from 24 hours down to 18 minutes. The company has demonstrated how one DRAGEN accelerator card can be used to analyze the data generated by a full HiSeq X Ten system producing 18,000 whole human genomes per year, which otherwise would take over 50 high-end computer servers. It is estimated this can result in a savings of approximately $6 million over four years.

This approach also reduces the need for clusters of large servers to process the data, reducing costs related to storage space and IT infrastructure. Edico Genome is completing validation studies with alpha customers that include clinical labs and sequencing centers and plans to submit this data for publication in peer-reviewed journals. Interested parties may apply for early access to the technology here.   

"Adding more and more servers to manage sequencing data cannot be sustained. Edico Genome's solution is the world's first next-generation sequencing bioinformatics chip, an integrated solution that has the speed and accuracy to enable genomic medicine," said Pieter van Rooyen, Ph.D., chief executive officer of Edico Genome. "With Qualcomm Ventures, Mr. Lucier, and our other exceptional advisors onboard, plus Edico Genome's deep engineering expertise, we've recruited a formidable team to capitalize on the opportunity ahead of us."

The DRAGEN Bio-IT Processor is embedded on a PCIe form factor card and is provided with accompanying software as a Platform-as-a-Service (PaaS) platform that
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SOURCE Edico Genome
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