About Ovation
Ovation is a company based in Cambridge (United States) founded in 2009. It operates as a Data-as-a-Service, and SaaS (Software-as-a-Service). Ovation has raised $33.28 million across 5 funding rounds from investors including SignalFire, Madrona and Borealis Ventures. The company has 35 employees as of December 31, 2022. Ovation offers products and services including Ovation LIMS, Ovation Research Network, and Genomic Data Cohorts. Ovation operates in a competitive market with competitors including Labvantage, Symyx Technologies, Elemental Machines, Genemod and Genologics, among others.
- Headquarter Cambridge, United States
- Employees 35 as on 31 Dec, 2022
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Ovation.Io
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.28 M (USD)
in 5 rounds
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Latest Funding Round
$21.5 M (USD), Series B
Oct 09, 2020
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Investors
SignalFire
& 6 more
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Employee Count
35
as on Dec 31, 2022
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Products & Services of Ovation
Ovation offers a comprehensive portfolio of products and services, including Ovation LIMS, Ovation Research Network, and Genomic Data Cohorts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Designed to support molecular diagnostic lab functions efficiently.
Enables labs to mobilize samples for health research.
Provides disease-specific genomic data for drug discovery.
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Funding Insights of Ovation
Ovation has successfully raised a total of $33.28M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $21.5 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $21.5M
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First Round
First Round
(30 Jun 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series B - Ovation | Valuation | SignalFire | |
| Sep, 2019 | Amount | Series A - Ovation | Valuation |
investors |
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| Mar, 2019 | Amount | Series A - Ovation | Valuation | Madrona Venture Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ovation
Ovation has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include SignalFire, Madrona and Borealis Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early-stage startups are funded by SignalFire.
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Founded Year | Domain | Location | |
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location | |
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Venture capital firm investing in seed & series A startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ovation
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ovation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ovation Comparisons
Competitors of Ovation
Ovation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Labvantage, Symyx Technologies, Elemental Machines, Genemod and Genologics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
LIMS, Quality ELN and Business Intelligence solutions for laboratory
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| domain | founded_year | HQ Location |
Informatics and automation products for research are offered.
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| domain | founded_year | HQ Location |
Provider of data driven drug discovery and development platform for various industries
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| domain | founded_year | HQ Location |
Provider of cloud-based laboratory management software for research labs
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| domain | founded_year | HQ Location |
Digital LIMS tools are developed for laboratory providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ovation
Frequently Asked Questions about Ovation
When was Ovation founded?
Ovation was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is Ovation located?
Ovation is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is Ovation a funded company?
Ovation is a funded company, having raised a total of $33.28M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 30, 2015.
How many employees does Ovation have?
As of Dec 31, 2022, the latest employee count at Ovation is 35.
What does Ovation do?
High-value genomic and omics data are generated by Ovation.io, linked to longitudinal clinical data, to enhance drug discovery success across therapeutic areas. Solutions for clinical labs, including Ovation LIMS, are offered to optimize molecular diagnostic operations. The Ovation Research Network is established to support labs in mobilizing samples for health research. Disease-specific data cohorts are curated to aid biomarker discovery, target identification, and patient stratification in life sciences.
Who are the top competitors of Ovation?
Ovation's top competitors include KareXpert, Luminate Health and Labvantage.
What products or services does Ovation offer?
Ovation offers Ovation LIMS, Ovation Research Network, and Genomic Data Cohorts.
Who are Ovation's investors?
Ovation has 7 investors. Key investors include SignalFire, Madrona, Borealis Ventures, David Shaw, and StageDotO.
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