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NEW YORK ─ SummerBio on Wednesday announced it has raised $7.3 million in an equity financing round and is conducting testing for the University of California Los Angeles (UCLA) and the Los Angeles Unified School District that leverages its RT-PCR SARS-CoV-2 test.

Investors in the equity financing round included Intel Capital, Capricorn Investment Group, 8VC, Toyota AI Ventures, Joby Trust, Dayton Family Enterprises, and Sciarra Management Trust.

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