After Raising $8M, India's Ocimum to Invest in Array, Sequencing Services | GenomeWeb

By Justin Petrone

Ocimum Biosolutions will use the proceeds of a recent fundraising round to expand its microarray services and add next-generation sequencing capabilities, according to its CEO.

Anuradha Acharya told BioArray News this week that the Hyderabad, India-based company will use the proceeds from the $8 million round to build out its "Research as a Service" platform. Investors in the new round came from multiple sources, including its founders and existing shareholders, she said.

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