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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.

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