Science Exchange, the leading marketplace for scientific research, announced today that it has raised $25 million in new funding. The latest funding round was led by Maverick Capital Ventures and also included participation from Union Square Ventures, Index Ventures, YC Continuity Fund, Sam Altman, and others.
Since its founding in 2011, Science Exchange has become the world’s leading marketplace for scientific research services. The company provides secure access to a network of 1000s of screened and verified contract research organizations (CROs), academic labs, and government facilities that are available to conduct experiments on the behalf of scientists. The Science Exchange platform has been used by scientists from over 2,500 different companies and organizations. The company has experienced significant growth in the last 12 months, including seeing the total transactional volume of experiments conducted through the Science Exchange platform grow over 500% in 2015.
“Over $40B a year is spent on outsourced scientific research by the top 50 pharmaceutical companies alone. Much of this spend is highly fragmented across thousands of individual scientific service suppliers, and this fragmentation represents a challenge to both individual scientists and sourcing procurement departments,” said Dr. Elizabeth Iorns, Founder & CEO of Science Exchange. “The Science Exchange platform solves this challenge: we provide scientists with efficient access to a diverse network of qualified suppliers under a single relationship, and at the same time we provide sourcing departments with more information and control over their outsourcing spend.”
8 of the top 10 pharmaceutical companies now use Science Exchange, viewing it as a way to efficiently access innovative external resources. Science Exchange also helps tackle one of the most significant challenges facing the highly-trained researchers at these companies: time and resources spent identifying and managing outsourcing contracts. James Lillie, VP In Vitro Biology at Genzyme (a Sanofi company), was recently quoted as saying, “We now look at the Science Exchange as the best way of finding new outsourcing opportunities with collaborators and CROs. We’re shifting more of our efforts for new outsourcing contracts there.”
As part of the Series B, Maverick Capital Ventures Managing Partner David Singer (former Founder/CEO of Affymetrix, GeneSoft Pharmaceuticals, and Corcept Therapeutics) will join the company’s board. “We spent a lot of time evaluating the growing market for outsourced scientific services. We concluded first, that there is an expanding market need for a marketplace to aggregate the thousands of suppliers, and second, that Science Exchange is poised to become the ubiquitous platform for scientific outsourcing,” said Singer.
Andy Weissman, Partner at Union Square Ventures, who has been on the company’s board since 2013, agrees. “With over 500% growth in marketplace transaction volume in 2015 and some companies already spending over $1M each month on the platform, Science Exchange is the clear market leader,” said Weissman.
Science Exchange is headquartered in Palo Alto, CA, and has clients, including many large pharmaceutical companies, around the globe. The company has now raised over $30 million and plans to use the new funding to expand its team in all areas including product, engineering, sales, marketing, and customer success. The full list of investors in the latest round is Maverick Capital Ventures, Union Square Ventures, Index Ventures, OATV, YC Continuity Fund, Windham Venture Partners, Collaborative Fund, Fenwick & West, Jose Suarez (CEO of TEDMED), Sam Altman, Steve Case, Kal Vepuri, Jenny Haeg, Alexander Levy, Paul Buchheit, and Silicon Valley Bank.
We are pleased to support the Genome Galaxy Initiative from PacBio. SMRT Sequencing Technology manufacturer PacBio recently unveiled the Genome Galaxy Initiative. The Genome Galaxy Initiative, based on the Experiment platform, supports expedited, open-access genomic projects. It’s a central location for SMRT Sequencing-based projects seeking crowdfunding, and fosters a community of scientists and patrons interested in asking research questions that can only be answered with long-read sequencing. As high-quality genome assemblies from the PacBio RS II and the Sequel System have become even more affordable and accessible, partnering with Experiment is a great fit. Through this program, even more scientists will have access to the most comprehensive view of genomes, transcriptomes, and epigenomes from SMRT Sequencing.
One of the initiatives flagship participants is the Kakapo 125 Project. An effort to sequence the genomes of every individual in the entire kākāpō species. This project was made possible thanks to the high quality reference genome generated by Dr. Jason Howard at Duke’s Jarvis Lab using SMRT Sequencing technology.
Science Exchange is also assisting in the Genome Galaxy Initiative with a number of its projects including the Kakapo 125 being managed on its platform. As well as hosting many of the projects Science Exchange is also the easiest and most comprehensive place to find SMRT Sequencing service providers.
The Genome Galaxy Initiative is another great example of the industry coming together to support open access science and to help out with funding at the grassroots level. Science Exchange is excited to be affiliated with this initiative and looks forward to seeing many new and exciting stars being discovered there.
For many people who use Science Exchange, a visit to the homepage is the first step in accomplishing their research objective. For requesters, service providers, or anyone using our network, the web experience is a crucial part of each project. With that in mind, we are excited to announce that we have refreshed the site, including an entirely new homepage. We have kept the same handy tools you will need to start and manage your research project, but improved the look and feel of some key pages. Search our marketplace for thousands of Science Exchange Verified Providers and request a quote in minutes. If your project is more specialized, you can partner with one of our staff scientists to find a perfect fit for your research needs with our concierge service. Every project is covered by the Science Exchange Guarantee, ensuring that your research can begin quickly, safely, and with complete IP protection. Science Exchange is an ideal partner for researchers who want to focus on science instead of sourcing, and progress instead of payment terms. We work with the world’s best suppliers to make scientific discovery faster, easier, and more reproducible. Providing scientists with a single relationship which manages compliance, contracts, and payments allows them to focus on the research goal at hand while collaborating with our cutting-edge providers. We think breakthrough discoveries should happen at the rate of science, not protracted negotiation. Take a look at our ever-growing network to explore how we can help with your next project.
Science Exchange is pleased to announce it will be collaborating in the Kakapo 125 Project. The objective of this project is to sequence the genomes of all 125 known living kākāpō.
The kākāpō is a species of large, flightless, nocturnal, ground-dwelling parrot of the super-family Strigopoidea endemic to New Zealand. It is critically endangered; as of February 2016, the total known population is only 125 living individuals.
The Kākāpō Recovery Team relies on genetic information to manage kākāpō matings in order to ensure maximum genetic diversity. Having the whole genome of all remaining individuals would allow the team to better understand the relatedness of individuals to optimize breeding.
Sequencing of the first 40 kākāpō genomes is already underway at Science Exchange’s newest New Zealand based service provider New Zealand Genomics Ltd (NZGL).
The Kakapo 125 Project is the latest project organized by The Genetic Rescue Foundation. The Genetic Rescue Foundation is a not-for-profit organization dedicated to advancing scientific techniques that enable us to preserve global biodiversity. It was founded by Science Exchange software engineer and citizen/wannabe scientist David Iorns.
The Genetic Rescue Foundation has successfully raised funding for the first 40 genomes but is actively fundraising to complete the remaining 85. A core component of this fundraising will be the Experiment.com crowdfunding campaign that will run from February 1st – April 30th 2016. If you would like to help save one of the world’s most unique and charismatic birds as well as playing a part in sequencing the genomes of every individual in an entire species please contribute to the project.
The Kakapo 125 Project is a collaboration between a number of government, nonprofit, iwi and commercial entities.
All of the collaborators have played an important role in the project to-date. The following individuals have been particularly critical to the projects progression.
Andrew Digby, Science Advisor Kakapo/Takahe DOC – Andrew works for the Department of Conservation (DOC) in New Zealand. He is leading the Kakapo 125 Project and conceived the idea of sequencing the genomes of the entire kākāpō species.
Bruce Robertson, Molecular Ecologist, Otago University – Bruce’s research focuses on conservation genetics and molecular ecology. He has been working on kākāpō genetics since 1996.
Sequencing the genomes of all 125 known living kākāpō is an ambitious and exciting endeavor that will help save one of the world’s most endangered species. It will also create a rich, open access genetic dataset that will be the foundation of some compelling research in years to come. Science Exchange is proud to add the Kakapo 125 Project to its long list of impactful scientific projects facilitated and managed via its platform.
Download information about the project in a distributable, media friendly format.
Science Exchange published two papers in PeerJ, the online journal, that are being funded by the Prostate Cancer Foundation-Movember Foundation Reproducibility Initiative. This initiative seeks to address growing concerns about reproducibility in scientific research by conducting replications of recent papers in the field of prostate cancer. It is a collaboration between the Prostate Cancer Foundation, the Movember Initiative, and Science Exchange. These two papers represent the first step to reproducing the original experiments. Today’s papers are meant to report what the collaborators will do so the scientific community has a full understanding of the process. PeerJ will publish the final results of the replications.
The second paper Androgen Receptor Splice Variants Determine Taxane Sensitivity in Prostate Cancer by Thadani-Mulero and colleagues was published in Cancer Research in 2014. The experiment that will be replicated is reported in Fig. 6A. Thadani-Mulero and colleagues generated xenografts from two prostate cancer cell lines; LuCaP 86.2, which expresses predominantly the ARv567 splice variant of the androgen receptor (AR), and LuCaP 23.1, which expresses the full length AR as well as the ARv7 variant. Treatment of the tumors with the taxane docetaxel showed that the drug inhibited tumor growth of the LuCaP 86.2 cells but not of the LuCaP 23.1 cells, indicating that expression of splice variants of the AR can affect sensitivity to docetaxel.
The Paleogenomics Lab is a joint venture between renowned scientists Beth Shapiro, and Richard (Ed) Green. Their research focuses on a wide range of evolutionary and ecological questions, mostly involving the application of genomics techniques to better understand how species and populations evolve through time.
Compiling the genome of an extinct species is an immense challenge. We touched on many of the complexities involved in our original announcement. However the experts participating in the project are world leaders in their field and we are confident significant progress can be made leading to exciting new discoveries about the genetic makeup of this iconic species.
The moa were the tallest birds ever to walk the face of the earth. The two largest species, Dinornis robustus and Dinornis novaezelandiae, reached about 3.6 m (12 ft) in height with neck outstretched, and weighed about 230 kg (510 lb).
Kangaroitengaro a te Moa – Lost, like the Moa is lost.
Sequencing the moa genome is a challenging endeavor due the degraded nature of ancient DNA and the large genetic divergence of the moa. Large genetic divergence means the reference genomes required to assemble the target genome are substantially less useful than species with very similar living relatives.
Despite these technical challenges David is optimistic the sequencing attempt will result in the creation of an imperfect yet very useful moa genome. This genome will help to clarify ratite evolution and may even form the foundation of a future attempt at species revival as the science of genetic rescue and de-extinction continues to progress.
The sequencing attempt is being primarily funded via an Experiment.com crowd-sourcing campaign. Please help us to make a meaningful scientific contribution by donating to the project.
All contributions made between Monday 22nd of June 8am PST and Tuesday 23rd of June 8am PST will be matched dollar for dollar by Experiment.com!
We are proud to share that Science Exchange user, OncoSynergy, is crowdfunding to test their experimental cancer drug, OS 2966, against ebola infection.
OS2966 is a monoclonal antibody that inhibits CD29 , a main cellular adhesion receptor that is key to cancer progression. Interestingly, CD29 is also thought to be hijacked by the ebola virus during infection. With the current ebola outbreak’s death toll exceeding 1,000 victims, it is more important than ever that promising drugs are investigated as soon as possible. As a result, OncoSynergy is using the Science Exchange network to test whether OS2966 can block ebola infection in cultured human cells.
“We have a unique opportunity to potentially effect a major impact on the current global ebola crisis,” said
Dr. W. Shawn Carbonell, MD, PhD, Founder and CEO of OncoSynergy. “However, as a seed stage
biotech startup with 6 employees, we don’t have the bandwidth to take on projects beyond our central
mission focused on cancer. We are teaming up with Science Exchange and Experiment to accomplish
the initial experiments which are an important first step towards possible clinical testing of OS2966. We
now need the public’s help to fund the work so we can start as soon as possible.”
“I am pleased to be working with Dr. Carbonell on this timely project,” said our CEO, Dr. Elizabeth Iorns. “This is a great example of how the Science Exchange platform can help facilitate science and accelerate scientific discoveries.”
Another few months, another exciting update on our ever-expanding team. As always, I’m thrilled to introduce you to our freshest and possibly most diverse new hires at Science Exchange.
Our new hires represent something we value deeply at Science Exchange – curiosity. They come from varied backgrounds and are in varied roles, but the commonality between them all is a drive to learn.
Meet the new members of our Science Exchange team below:
Ana Ulin’s resume would knock anyone’s socks off – she’s an electrical engineer who spent the last 8 years developing products at Google. During her time, she brought products that we all use like Google Maps and Google+ to the public, but what’s perhaps most impressive is that she learned to program by turning in handwritten coding assignments to her father starting at 7 years old! She’s truly a lifelong learner. She hit the ground running in our development team by immediately streamlining business operations with code and was awarded our FORCE award within 90 days.
Mennah Moustafa joins our Business Development team from Sigma-Aldrich where she lead their North American strategic sales over the course of ten years. It was love at first lunch when she interviewed, and she has quickly immersed herself in all things Science Exchange since joining. She is a unique blend of smiley, inquisitive, and strategic. These traits meant that she was digesting Science Exchange materials and creating new presentations during her first week and doing headstands to boot!
Charlotte Arthun joined us a few months ago as our Operations Manager. In addition to the game-changing efficiency she has brought to the office, Charlotte has instilled a passion for nature and zoology into our office environment. After her undergrad in biology, she spent years working as a field ecologist around the world – studying large cats like jaguars and pumas. Even now she exercises her curiosity by surveying river otters in the North Bay on weekends!
Michael Benzinou’s background is one-of-a-kind: academic, strategic, and entrepreneurial. In addition to his PhD in Molecular Biology, he lead business development at Crown Bioscience and recently took part in Lean Launchpad where he developed a way to match CRO’s with R&D projects. He is a key member of our Business Development team who has utilized his diverse background to create an exciting bench sharing initiative (more details soon) and work on our Reproducibility Project: Cancer Biology. He is also one of the tallest and wittiest French men you will ever meet.
I hope you all have enjoyed reading about our new additions as much as I enjoy working with them. We are still hiring for more jobs, check out our open positions here.
About the author
Dan Knox is a Co-Founder of Science Exchange. Dan helped create the initial version of Science Exchange and led the company’s successful seed and Series A fundraising efforts. Now, he looks after finance, legal, HR, and operations (and even commits the occasional line of code). Dan has MSc. in Economics from City University (London) and an MBA from the Massachusetts Institute of Technology Sloan School of Management.
I’m excited to announce that top scientific suppliers BioLegend, Charles River Laboratories, Corning Incorporated, DDC Medical, EMD Millipore, Harlan Laboratories, LI-COR Biosciences, Mirus Bio, Novus Biologicals, and Sigma-Aldrich will provide more than $500,000 worth of research reagents and models to support one of our validation projects, the Reproducibility Project: Cancer Biology. The donation of reagents and models will increase the number of replication experiments that can be conducted for the Reproducibility Project: Cancer Biology, a collaboration between Science Exchange and the Center for Open Science, supported by a $1.3 million grant from the Laura and John Arnold Foundation.
These companies chose to donate to the project, because they are committed to improving the quality of research and we are thrilled to have their support!
The Reproducibility Project: Cancer Biology is independently replicating 50 recent, high-impact cancer biology studies using the Science Exchange network of expert labs. The aim of the project is to use independent replication studies to identify best practices that maximize reproducibility and facilitate an accurate accumulation of knowledge, enabling potentially impactful novel findings to be built upon by the scientific community.
Studies from Amgen and Bayer report that the majority of published results cannot be independently reproduced, but there has been no open systematic review of replication in cancer biology. The Reproducibility Project: Cancer Biology will generate an open replication dataset made available on the Open Science Framework that can be used to examine the rate of reproducibility in this field and to study factors associated with the reproducibility of experimental results.
We continue to be amazed by the wide-ranging support for this project from the scientific community – thank you so much!
Of course, the more scientific supplies that are donated the more we can get done, so if you are involved with a company that is interested in donating please email me here.
About the author
Elizabeth Iorns is the CEO of Science Exchange and Director of the Reproducibility Initiative. Elizabeth conceived the idea for Science Exchange while an Assistant Professor at the University of Miami and as CEO she drives the company’s vision, strategy and growth. She is passionate about creating a new way to foster scientific collaboration that will break down existing silos, democratize access to scientific expertise and accelerate the speed of scientific discovery. Elizabeth has a Ph.D. in Cancer Biology from the Institute of Cancer Research in London, and conducted postdoctoral research in Cancer Biology from the University of Miami’s Miller School of Medicine where her research focused on identifying mechanisms of breast cancer development and progression.