Accenture Ventures makes strategic investment in AI company Ocean Genomics

Accenture 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.