Print
Email
Print Edition Stories
DNA sequencing firm NABsys Inc. has completed a $10 million round of venture capital financing, led by Stata Venture Partners.
The funding consisted of Series C Preferred Stock that the Providence, R.I.-based company said in a release would be used for further development and commercialization of its technology.
NABsys is working on electronic, solid-state DNA sequencing that, the company said, could ultimately be used in whole-genome sequencing. The solid-state systems could also support targeted gene sequencing and DNA structural analysis.
NABsys previously landed a $7 million Series B equity investment, also led by Stata Venture Partners, in February 2010. The funding then also included support from Point Judith Capital, which led NABsys’ May 2009 fundraise of $4 million. Ray Stata, founder and chairman of the board of Analog Devices, is a director on the NABsys board.
The company was founded in 2004 as a Brown University spinoff, utilizing research from the university’s physics, computer science and chemistry departments. Then, in 2006, NABsys acquired another Brown spinoff, GeneSpectrum, which had developed a Hybridization-Assisted Nanopore Sequencing (HANS) platform for sequencing human genomic DNA.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
