Octave Bioscience - About the company
Octave Bioscience is a series C company based in Menlo Park (United States), founded in 2014 by William Hagstrom and Melinda Thomas. It operates as a Provider of AI-based molecular diagnostic tools for neurodegenrative diseases. Octave Bioscience has raised $124M in funding from investors like Novartis, Merck Global Health Innovation Fund and Intermountain Ventures. The company has 55 active competitors, including 13 funded and 6 that have exited. Its top competitors include companies like Amprion, PeopleBio R&D and Nanostics.
Company Details
Provider of AI-based molecular diagnostic tools for neurodegenerative diseases. The company has developed the first blood test to measure disease activity at the biology level. The platform will captures data using sensors, wearables & mobile tools to identify changes in disease status and optimize images adding quantitation, serial trends.
- Website
- octavebio.com
- Email ID
- *****@octavebio.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2014
Location
Menlo Park, United States
Stage
Series C
Total Funding
$124M in 9 rounds
Latest Funding Round
Ranked
1st among 55 active competitors
Employee Count
97 as on Sep 30, 2026
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Octave Bioscience's funding and investors
Octave Bioscience has raised a total funding of $124M over 9 rounds. Its first funding round was on Sep 13, 2017. Its latest funding round was a Conventional Debt round on Sep 04, 2025 for $*****. 1 investor participated in its latest round. Octave Bioscience has 16 institutional investors.
Here is the list of recent funding rounds of Octave Bioscience:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 04, 2025 | 3463697 | Conventional Debt | 8787735 | 6119200 | 9619402 | 2490012 |
Mar 07, 2025 | 4910592 | Series C | 6778394 | 2416205 | 9365849 | |
Nov 16, 2023 | 3129578 | Grant (prize money) | 2353062 | 9199495 | 9566388 |
View details of Octave Bioscience's funding rounds and investors
Octave Bioscience's founders and board of directors
Founder? Claim ProfileThe founders of Octave Bioscience are William Hagstrom and Melinda Thomas. William Hagstrom and Doug Biehn are the CEOs of Octave Bioscience.
Here are the details of Octave Bioscience's key team members:
- William Hagstrom: Co-Founder & CEO of Octave Bioscience and founder of 2 other companies, Quadrotian and Biolytx. They serve on the board of 1 company.Contact Info: 1 email address
- Melinda Thomas: Former Co-Founder & COO of Octave Bioscience. Contact Info: 1 email address
- Doug Biehn: CEO of Octave Bioscience. Contact Info: 1 email address
View details of Octave Bioscience's Founder profiles and Board Members
Octave Bioscience's employee count trend
Octave Bioscience has 97 employees as of Sep 26. Here is Octave Bioscience's employee count trend over the years:
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Octave Bioscience's Competitors and alternates
Top competitors of Octave Bioscience include Amprion, PeopleBio R&D and Nanostics. Here is the list of Top 10 competitors of Octave Bioscience, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Octave Bioscience 2014, Menlo Park (United States), Series C | Provider of AI-based molecular diagnostic tools for neurodegenrative diseases | $124M | 66/100 | |
2nd | Amprion 2006, Houston (United States), Series B | Revolutionizing neurodegenerative disease diagnosis with advanced α-synuclein detection technology | $11.8M | 56/100 | |
3rd | PeopleBio R&D 2002, Seongnam-si (South Korea), Public | Immunoassays for early detection of neuro-degenerative diseases | - | 48/100 | |
4th | Developer of diagnostic tests to detect cancers, cardiovascular and neurodegenerative diseases | - | 40/100 | ||
5th | Cytox 2007, Oxford (United Kingdom), Series B | Developer for prognostic tests for assessing the risk of dementia | $12.1M | 38/100 | |
6th | Alseres Pharmaceuticals 1972, Auburndale (United States), Public | Therapeutic and diagnostic products for disorders in the central nervous system (CNS) | $4M | 35/100 | |
7th | LikeMinds 2008, Boston (United States), Series A | Provider of dopamine transporter imaging agent for diagnosis of neurodegenerative diseases | $6.37M | - | 35/100 |
8th | Durin Life Sciences 2010, United States, Acquired | Early disease detection blood tests for Alzheimer's and Parkinson's | $5.5M | - | 34/100 |
9th | Durin Technologies 2010, Camden (United States), Series B | Developer of the diagnostic test for neurodegenerative diseases | $8.05M | 32/100 | |
10th | Gene Solutions 2006, Charlottesville (United States), Series A | Pioneering mitochondrial medicine, developing therapeutics for neurodegenerative and muscular diseases | $6.33M | - | 32/100 |
Looking for more details on Octave Bioscience's competitors? Click here to see the top ones
Octave Bioscience's Investments and acquisitions
Octave Bioscience has made no investments or acquisitions yet.
Reports related to Octave Bioscience
Here is the latest report on Octave Bioscience's sector:
News related to Octave Bioscience
Media has covered Octave Bioscience for a total of 3 events in the last 1 year, 2 of them have been about people movement and 1 about partnerships.
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Octave Bioscience Accelerates Precision Neurology Momentum, Appoints Zachary Fernandes as VP of Business Development to Scale Strategic PartnershipsBusiness Wire•May 26, 2026•Octave Bioscience
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Octave Bioscience Expands Leadership Team with Appointment of Kirk Stockwood Senior Vice President, CommercialBusiness Wire•Jan 09, 2026•Octave Bioscience
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Octave Bioscience Secures $35M Series C to Boost Commercial GrowthBusiness Wire•Sep 05, 2025•Octave Bioscience, Valhalla, Northpond Ventures, S32 and 8 others
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Rapafusyn Pharmaceuticals Closes $44 Million Series A Financing for Molecular Glue Drug Discovery PlatformAgencia EFE•Sep 04, 2025•Rapafusyn, Yonjin Capital, BioTrack Capital, 3E Bioventures Capital and 5 others
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Octave Bioscience Expands Medical Leadership to Accelerate Precision Care in Neurodegenerative DiseaseBusiness Wire•May 29, 2025•Octave Bioscience
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Octave® Bioscience Continues Commercial Momentum with Addition of Accomplished CFO Marcel KonradBusiness Wire•Aug 07, 2024•Octave Bioscience
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Octave® Bioscience, Inc. Announces Publication in Nature CommunicationsBusiness Wire•May 29, 2024•Octave Bioscience
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Octave Bioscience: $10 Million Grant Received From The Michael J. Fox Foundation For Parkinson’s ResearchPulse 2.0•Dec 02, 2023•Octave Bioscience, The Michael J. Fox Foundation
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