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Lifebit Biotech Closes $60M Series B Funding Round

NEW YORK – Lifebit Biotech said this week that it has closed a Series B funding round worth $60 million.

Tiger Global Management led the round, with participation from previous investors Eurazeo, Pentech Ventures, and Beacon Capital. 

London-based Lifebit is a biomedical software firm that makes CloudOS, a cloud-native, federated genomics operating system for precision medicine. CloudOS functions as a managed service of individual clouds or high-performance computing centers to support analysis of bioinformatics data across sites and institutions.

In a statement, Lifebit CEO Maria Chatzou Dunford said that the company would use the new funding to expand its global presence and expand its workforce.

"We are confident that Lifebit's innovative … software solutions, paired with their customer-first approach, will drive rapid global adoption and accelerate breakthroughs in precision medicine," added John Curtius, partner at Tiger Global.

Lifebit closed a £6 million ($8.1 million) Series A funding round in April 2020.