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GenomSys Raises CHF 9.3M in Series A Round

NEW YORK – GenomSys, a startup maker of DNA data processing software based in Switzerland, said today that it has closed a CHF 9.3 million ($9.3 million) Series A investment round. 

Geneva-based Preon Capital led the round, with participation from several European and American partners, including Elysia Capital, Dolby Family Ventures, and Susman Ventures. As a result of the investment, Dolby Family Ventures Managing Director Pascal Levensohn has joined the GenomSys board of directors.

GenomSys, founded in 2016 and headquartered in Lausanne, makes genomic analysis software based on the recently finalized MPEG-G data compression standard. Among other things, MPEG-G promises to give individuals access to genomic data and other aspects of personalized medicine on mobile devices, the company said.

The GenomSys software "will bring a dramatic reduction in genomic files' size, a faster information transfer, and more efficient data analysis," Cofounder Claudio Alberti said in a statement.