The round was led by The Engine Ventures with additional participating investors including Illumina Ventures, Time Boost Capital, the American Cancer Society Bright Edge, and the Oetgen family. Jay Wohlgemuth, former CMO of Quest Diagnostics, Mara Aspinall, former CEO of Roche Tissue Diagnostics and Partner at Illumina VC, and Ann DeWitt, General Partner at The Engine Ventures, will join the company's Board. Predicta will use the seed funding to expand its team, and build a CLIA lab and workflow for sequencing and bioinformatics.

Founded by leading cancer genomics researchers and clinicians, Predicta is a precision oncology company developing novel diagnostic and therapeutic products. The company's non-invasive diagnostics initially focus on multiple myeloma and evaluate patients' immune system cells, equipping physicians with the unique ability to determine the likelihood of a patient responding to immunotherapies. Leveraging extensive genomic and transcriptomic patient data, Predicta is also building a one-of-a-kind clinical database for identifying new therapeutic targets.