Edico Genome Receives $10,000,000 Series A Funding Round

  • Feed Type
  • Date
    7/18/2014
  • Company Name
    Edico Genome
  • Mailing Address
    4225 Executive Square La Jolla, CA 92037 USA
  • Company Description
    Edico Genome has developed the DRAGEN Bio-IT Processor, the world’s first next-generation sequencing bioinformatics application-specific integrated circuit (ASIC).
  • Website
    http://www.edicogenome.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Edico plans to use the Series A financing to grow to about 30 employees from its current roster of 15 to complete “productization” of the Dragen processor and implement additional features and functionality.
  • M&A Terms
  • Venture Investor
  • Venture Investor