US genomics startup DNAnexus scores $15M to build cloud-based platform for DNA analysis
Genomics startup DNAnexus closed $15 million for its cloud-based platform that analyzes and manages massive amounts of DNA data, according to VentureBeat.
Scientists can use the company's platform for the secure sharing of data and collaboration with universities, statisticians, biologists, clinical labs, and hospitals, the report explained.
Genomics is still a young yet rapidly emerging field. It is crucial to bring in the age where physicians provide the treatment of an ailment based on a person's unique characteristics, the report said.
DNAnexus recently struck partnerships with the Baylor College of Medicine and Stanford University. These institutions are using the firm's platform to process genomes and share datasets to researchers worldwide. With only these two projects, the company has produced more than 500 terabytes of genomics data, the report explained.
Based in Mountain View, California, DNAnexus has raised a total of $31.6 million to date. Claremont Creek Ventures, First Round Capital, and Google Ventures TPG Biotech participated in this latest funding round, VentureBeat reported.