The Series D is an internal round that will be
used to drive expansion of Viome's preventative health technologies
and help solidify its market position
BELLEVUE, Wash., Sept. 10,
2024 /PRNewswire/ -- Viome, a pioneer in microbiome
health science and personalized health solutions, today announced a
$25 million internal Series D with
participation from Khosla Ventures, Bold Capital WRG Ventures,
Marc Benioff, and more. This
continued support from existing backers underscores their
confidence in the company's innovative approach and growth
trajectory, reflected in its projected YoY increase. The capital
will be used to help launch Viome's diagnostic division and bolster
its offerings as well as bring on Kal
Raman as Chief Operating Officer to spearhead these
initiatives. This news marks a significant milestone in supporting
Viome's mission to revolutionize early disease detection and
preventative health care, furthering our unwavering commitment to
making illness optional and early detection accessible to all.
Kal Raman, known for his
visionary leadership at Amazon, Groupon, and Samsung, brings a
wealth of experience to Viome. As the company expands its
diagnostics business beyond its groundbreaking CancerDetect™ test
for oral and throat cancer, Raman will spearhead efforts to develop
life-saving tests for early detection of chronic diseases, cancer,
and aging.
A Pivotal Appointment in a Critical Era
Currently,
only 8 percent of Americans undergo routine preventive screenings,
and just 28 percent of patients are diagnosed at an early stage due
to outdated, reactive healthcare practices. Kal's appointment comes
at a time when the demand for advanced, personalized health
solutions is surging, with artificial intelligence enhancing the
accessibility and effectiveness of preventive care.
Innovative Diagnostics for a Healthier Future
Viome's
CancerDetect™ test has already set new standards in early
cancer detection, boasting a 90% sensitivity rate and a 95%
specificity rate, minimizing false results. Leveraging the
technology's FDA Breakthrough Device Designation for accelerated
review, Viome is poised to launch a new suite of diagnostic tests
in the coming year, expanding into gut health and other critical
areas. These innovations promise to transform preventive health by
providing comprehensive insights into biomarkers and holistic
wellness.
Kal Raman's Vision for
Viome
"What attracted me to Viome was its mission to have a
meaningful impact on the health of individuals," said Kal Raman. "Viome is a true innovator and
pioneer in the health space, being one of the first to recognize
the critical importance of preventative measures. This is evident
by the success of its microbiome tests, which have already helped
thousands take control of their health through personalized
insights and recommendations. I am excited to join a team that is
at the forefront of transforming healthcare and am eager to help
Viome achieve the same level of success in the diagnostics
space."
Kal's impressive track record includes executive roles at some
of the world's largest online retailers. At Samsung, he served as
the Chief Digital Officer; at Groupon, he was the COO; and at
Amazon, he worked directly with Jeff
Bezos as SVP of Non-Media Business, Marketing and Retail
Technology. Known for his strategic vision, ability to scale
business growth, and drive automation and efficiency, Kal is the
ideal leader to advance Viome's diagnostic innovations.
Commitment to Making Illness Optional and Customer
Satisfaction
Every step Viome takes, including hiring
Kal Raman, is rooted in our mission
to make illness optional. By focusing on early detection and
personalized health solutions, we aim to empower individuals to
take proactive steps in managing their health. Kal's expertise
aligns perfectly with this mission, ensuring that our innovations
continue to prioritize preventative measures and holistic wellness.
Moreover, as COO, Kal is dedicated to ensuring that Viome users
receive the best possible experience, reinforcing our commitment to
customer satisfaction.
Expanding Viome's Diagnostics Division
"Oral health is
just the beginning of our journey into innovative diagnostics,"
said Naveen Jain, CEO of Viome. "We
plan to expand our diagnostic offerings significantly, including
developing tests for gut health conditions like IBS and IBD. I
cannot think of a better person to bring on board to drive our
diagnostic innovations. Kal's role will be crucial in enhancing our
ability to deliver advanced, personalized health solutions,
ultimately helping millions of people lead healthier, more informed
lives."
With Kal Raman at the helm of the
Diagnostics Group, Viome is set to lead the charge in early disease
detection and preventative health, ensuring that more individuals
can take control of their health and well-being through
cutting-edge technology and personalized insights.
For more information, please visit https://www.viome.com/.
About Viome
Viome is a pioneering longevity and
preventive healthcare company committed to bridging the gap between
scientific breakthroughs and their practical implementation as
health solutions. Utilizing cutting-edge AI and the world's largest
gene expression database, Viome's home-based tests offer
individuals personalized nutritional guidance and innovative
microbiome health products to enhance lifespan and health.
Viome has empowered over half a million users with its unique
approach that marries groundbreaking proprietary RNA sequencing
methods with AI technology. This combination analyzes epigenetic
biomarkers, providing robust, AI-driven health insights that
contribute significantly to promoting a healthy lifespan.
With its top-tier precision nutrition recommendations, Viome
offers a comprehensive and personalized solution to aging - at its
optimum. This is more than just health optimization; it's a
revolution in understanding how we age and enabling us to do so
with vitality and wellness.
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SOURCE Viome