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Gene Security Network Reels in $4M in VC Funding

NEW YORK (GenomeWeb News) - Molecular diagnostics company Gene Security Network has raised around $4 million in Series A financing, the firm said yesterday.
The round of venture funding was led by Claremont Creek Ventures and included investments from Sequoia Capital, Huntington Reproductive Center, and private investor Marissa Mayer, who is VP of search products and user experience at Google, with a focus on Google Health.
GSN plans to use the funds to commercialize its genetic screening technology, called Parental Support, which enables genetic tests for multiple diseases from a single cell and is being clinically tested for pre-implantation genetic diagnosis during in vitro fertilization.
The company said it expects its service to become available at IVF centers in the US in 2008.