Ayoxxa to Use $3.4M in Financing to Build Bead Chips for First Customers | GenomeWeb

Ayoxxa, a Cologne, Germany-based technology firm, plans to use €2.6 million ($3.4 million) it gained in a series A financing round last month to complete development of its in situ encoded bead-based array, or IBEA, platform to the point where it can begin offering the chips to early-access customers.

The firm hopes these first users will begin to independently demonstrate the use of the platform for various applications as it works toward gaining additional financing to support large-scale manufacturing.

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