Vineti the Software Automation and Analytics Platform for Cell and Gene Therapy Closes $33.5M Investments from its Series B Round of Financing

Vineti raises $33.5 million in Series B round of financing,

FREMONT, CA: The leading software automation and analytics platform for cell and gene therapies, Vineti, closed its Series B round of financing round after raising investments worth $33.5 million. The funds raised will support the expansion of the company's technology platform for individual therapies. The financing round was led by the venture capitalists Canaan and DFJ, with participation from GE Ventures, Section 32, Lifeforce Capital, and Casdin Capital, along with many other undisclosed investors. 

The additional capital will be put to use during the advances in the first cloud-based "platform of record" that is specifically designed to move transformative new personalized therapies such as CAR-T cell therapy into the mainstream medicine. The funding will also support the company's expansion in Europe and Asia-Pacific, depending on the global solution for a critical personalized medicine barrier.

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Vineti's cloud-based software platform is configurable, improves cell and gene therapy product performance, encourages regulatory compliance, and enables faster, safer, broader access for the patients. The platform will also automate, orchestrate, and simplify the complicated workflows behind personalized therapies, and helps the pharmaceutical partners address emerging opportunities and challenges as the pace of the solutions towards the mainstream medicine. The platform by Vineti has the ability to enable seamless integrations with various other parts of the therapy ecosystem. The company is now serving patients, healthcare providers, and researchers in the extensive, ever-expanding global healthcare network. 

Nina Kjellson, General Partner at Canaan, and Michael Pellini, M.D., Managing Partner at Section 32 and Chairman of Foundation Medicine, Inc., are all set to join Vineti's Board of Directors. The entire board of founders and investors in Vineti will continue their support and participate in the growth of the company, including Mayo Clinic Ventures, and also collaborate with newer healthcare providers to drive even more solutions that will simplify much more for patients, and therapeutic innovators. 

"We are in a crucial window to get production and delivery of personalized therapies right for a rapidly growing number of patients who are desperately in need," said Amy DuRoss, CEO and co-founder at Vineti. "Vineti is humbled to be working with the leading scientific, clinical trial, and commercial teams in personalized medicine. We are leveraging the best of Silicon Valley's "critical path" enterprise software to ensure that the right therapy gets to the right patient at the right time, safely and cost-effectively."

Vineti's platform has unique offerings for all its pharmaceutical partners, as it provides critical capabilities that include comprehensive and consistent Chain of Custody and Chain of Identify - the two required processes that are vital for the traceability, transparency, security, and safety of the holistic process of personalized therapy. Vineti also supports a range of cell and gene therapy innovators that include a list of pharmaceutical partners who are not publicly announced yet. 

"Vineti is aligning every participant in the field of cell and gene therapy by unifying siloed operations, providing integrations, optimizing supply chains, and securely managing the flow of sensitive information," said Nina Kjellson, General Partner at Canaan. "Ultimately, this successful transformation of legacy infrastructure means radically improved efficiency, transparency, and patient confidence in personalized therapies."

The recent FDA approval activity has noted the commencing of a wave of new therapies and solutions that might have the potential to transform the treatment of cancer and severe genetic disorders. 

With Vineti's solution, several healthcare providers, caregivers, suppliers, and pharmaceutical pioneers are empowered to penetrate among an increased number of patients quickly by partnering their products and therapies with a digital, data-driven platform focused on personalized patient-based medical products, scalability, efficiency and safety. 

See Also: Top Healthcare Solution Companies

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