NEW YORK; Feb. 16 , 2023 – Accenture (NYSE: ACN) has made a strategic investment, through
Accenture Ventures, in Ocean Genomics, a technology and AI company that has developed advanced
computational platforms to assist biopharma companies to discover and develop more effective
diagnostics and therapeutics.
Based in Pittsburgh, Ocean Genomics creates software that provides modeling and an understanding of
changes and variants in mRNA to enable a more accurate prediction of a patient’s biological response to
a drug. The expression of mRNA is a central biological process that occurs in every cell and helps govern
nearly all aspects of normal functioning and is often disrupted in disease. In collaboration with Ocean
Genomics, biopharma companies use the technology in in-silico drug discovery to develop treatments
based on an individual's personal biology. The global personalized medicine market size is expected to
reach more than $796 billion by 2028.
Petra Jantzer, Ph.D., a senior managing director and global lead of Accenture’s Life Sciences practice,
said, “The growth of in-silico in the discovery of individualized treatments and disease interventions will
change how we care for people around the world. We made this strategic investment in Ocean Genomics
to help biopharma companies better utilize genomic and transcriptomic data and AI in drug discovery to
develop targeted therapeutics at a higher pace and bring them to market faster.”
Scientific and technological advancements are creating breakthroughs for patient health, resulting in more
complex and personalized therapies. This New Science, a dynamic combination of the best in science
and health technology, is expected to drive 81 percent of biopharma revenue growth.
“As biopharma companies move to increasingly precise and effective therapies, they seek the talent,
technology and insights to enable more personalized, data-driven drug discovery,” said Carl Kingsford,
Ph.D., co-founder and CEO of Ocean Genomics. “With the support of, and collaboration with, Accenture,
we will be even better positioned to help the biopharma industry develop more effective diagnostics and
Ocean Genomics is now a part of Accenture Ventures’ Project Spotlight, an engagement and investment
program that connects emerging technology startups with the Global 2000 to fill strategic innovation gaps.
Project Spotlight offers extensive access to Accenture’s domain expertise and its enterprise clients,
helping startups harness human creativity and deliver on the promise of their technology.
“Ocean Genomics’ technology platform integrates gene expression, molecular features, clinical and
genomics data and advanced AI algorithms to better understand and predict the biological impact of
diseases and therapies,” said Tom Lounibos, managing director, Accenture Ventures. “With Ocean
Genomics now part of Project Spotlight, we will look to collaborate with our clients in the Life Sciences
industry and beyond on new ways to combine RNA, AI and other emerging technologies to advance drug
development, personalized medicine, and human health.”
Terms of the transaction were not disclosed.
Accenture is a leading global professional services company that helps the world’s leading businesses,
governments and other organizations build their digital core, optimize their operations, accelerate revenue
growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and
innovation led company with 738,000 people serving clients in more than 120 countries. Technology is at
the core of change today, and we are one of the world’s leaders in helping drive that change, with strong
ecosystem relationships. We combine our strength in technology with unmatched industry experience,
functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes
because of our broad range of services, solutions and assets across Strategy & Consulting, Technology,
Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared
success and commitment to creating 360° value, enable us to help our clients succeed and build trusted,
lasting relationships. We measure our success by the 360° value we create for our clients, each other,
our shareholders, partners and communities. Visit us at www.accenture.com.
About Ocean Genomics
Ocean Genomics is the Intelligent Transcriptome company. We make the software and provide services
that enable our partners to leverage advanced transcriptomic information and AI to advantage their
discovery and development programs. We partner with cutting-edge drug developers to supply insights
and evidence that enable data-driven decisions, provide confidence in the underlying biology, and
increase the probability of technical and clinical success at every step. Our founders are recognized as
leading experts in the fields of computational biology and AI, and developers of many of the most widely
used software methods in gene expression analysis. Our Intelligent Transcriptome computing platforms
extract extensive gene expression features and analyses from raw RNA-Seq files (TxomeAI®), and
automatically integrate those features with clinical and other -omics to produce accurate, actionable
models, and discover drug targets and biomarkers (DiscoverAI™). Our vast database (DeepSea™)
provides deeply characterized transcriptomes, curated metadata, and pre-trained AI models to add power
to discovery and analyses. For more information, please visit oceangenomics.com and connect with us
on Twitter and LinkedIn.
# # #
Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.