Intelligent Bio-Systems, Inc Obtains $354,000 New Funding Round

  • Feed Type
  • Date
    3/31/2008
  • Company Name
    Intelligent Bio-Systems, Inc
  • Mailing Address
    34 Bear Hill Rd. Waltham, MA 02451
  • Company Description
    Intelligent Bio-Systems is developing a next generation DNA sequencing system that can simultaneously increase the speed and reduce the cost of producing sequence data by a factor of 100 to 1,000. It uses a proprietary chemistry, high-density chip and fluorescent instrument system to accurately decode the sequence of DNA fragments. The technology has the potential to dramatically change the way research is performed and healthcare is delivered.
  • Website
    http://www.intelligentbiosystems.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $354,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Kegonsa Capital Partners
  • Venture Investor
    Undisclosed