U of M’s AI/ML Informatics Spinout CoreBiome Closes On $550k

St. Paul-based genomics startup CoreBiome has closed on $550k of equity investment according to a SEC disclosure document.

The nascent venture applies patent-pending artificial intelligence techniques to provide genomic profiles of the microbiomes using state-of-the-art sequencing, expert analysis, and machine learning.

“We enable an unprecedented level of control, reproducibility and accuracy in providing detailed information about microbial communities (microbiomes).” In addition to the human elements, there are agricultural and environmental applications for MicroBiome’s technology.

MicroBiome was ‘spun-out’ of the University of Minnesota in February of 2017 and is led by U of M Professor Dan Knights, PhD – CEO & Chief Data Scientist. The company received a $220k grant last month and previously raised $800k led by Gopher Angels, the U of M’s Discovery Capital fund and St. Cloud-based Microbiologics. Linkedin says they have nine people on the team currently and are housed in the University Enterprise Laboratories (UEL) offices on Westgate drive in St. Paul.

Dan Knights presentation at MinneAnalytics HALICON 2017