San Diego-based Edico Genome has raised $10 million in Series A financing to commercialize the specialized processor technology it has been developing to slash the time and cost of genome mapping.
Even though DNA sequencing technology is becoming increasingly accessible, it is still difficult to glean helpful information from an individual’s DNA. That is because there is a lack of reference data compiled from other people’s DNA. Most reference data is currently curated by academic institutions and is often compiled in different formats, making it difficult for doctors and researchers to use.
SolveBio wants to solve this problem by making DNA reference data easy to access. The health startup announced today that it has raised $2 million from Andreessen Horowitz, Max Levchin, SV Angel, and other investors.
We all have vast and complicated datasets buried within us, and genomics startup DNAnexus wants to set that data free. Or at least help scientists make sense of it.
DNAnexus wrapped up $15 million for its cloud-based platform that manages and analyses large amounts of DNA data.
DNAnexus builds HIPAA-compliant solutions for genetic sequencing facilities, diagnostic test providers, and research centers. Its technology provides a central hub where large amounts of DNA data can be stored and analyzed, with “unlimited scaling of computational and storage resources.”
