GnuBIO, Inc Secures $10 Million in Series B Financing

Published: Oct 04, 2012

CAMBRIDGE, Mass.--(BUSINESS WIRE)--GnuBIO, today announced that it has completed a $10 Million Series B round of equity financing from a group of private investors which include existing Series A shareholders. The funding will be used to commercialize the company’s desktop DNA sequencing platform, hire additional staff in product development, molecular biology, informatics and software engineering. The company plans to add sales and marketing hires over the next year as it prepares to launch its first product for targeted DNA sequencing.

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