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GenVault Secures $10M in Series A

NEW YORK, March 24 - DNA archiving startup GenVault said today that it has received $10 million in a Series A round of financing from Domain Associates.

 

GenVault is developing a room-temperature DNA archive system that pairs DNA samples with clinically relevant information. The Carlsbad, Calif.-based company said it is targeting the system toward the pharmacogenomics, diagnostics, forensics, and agricultural testing markets.

 

GenVault said it intends to use the new funding to advance its technology from beta testing to full commercialization by the summer.

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