skip to primary navigationskip to content

Petagene secure $2.1 Million in Funding 

last modified Jan 03, 2019 03:07 PM
2019 is off to a great start for the Petagene team who have been awarded $2.1 million in additional funding. The latest round was lead by U.S. venture firm Romulus Capital, with collaboration from other unnamed investors in London and Silicon Valley, bringing the total funding awarded to $3.2 million.

Based at ideaSpace West, Petagene, who develop compression software for large genomic data sets, secured the latest funding after landing a large contract with a pharmaceutical company. The funding will allow Petagene to expand its technical team in Cambridge, its global sales force, and further expand product offerings.

“As whole genome sequencing becomes more and more commonplace, the amount of data it creates places great strain on infrastructure. We help organisations with managing that data,” says PetaGene co-founder Dan Greenfield. “Through our compression technology, we make that data up to ten times smaller and faster to transfer for research and analysis, democratising precision medicine in the process”.

Find out more here.

RSS Feed Latest news

Recruiting now: Head of ideaSpace.

Jul 02, 2020

We're hiring! The Head of ideaSpace is responsible for leading all activities related to ideaSpace operations, managing the team and liaising with stakeholders in the University, IfM Education and Consultancy Services and ideaSpace governance.

Focus on a Founder with Alex Grigore - Celebrating 10 Years of community

Jul 01, 2020

It was 10 years ago in June that ideaSpace welcomed its first member. The first of its kind in Cambridge, ideaSpace became home to a range of exciting start-ups – many of which have gone on to great success. We grew too – opening a second office in the city centre in 2013 and ideaSpace South three years later, on the Cambridge Biomedical Campus. We are continuing to celebrate a decade of community with our ‘Focus on a Founder’ series. This week we spoke to Alexandra Grigore of Simprints who joined ideaSpace back in 2014.

View all news