After going through a restructuring phase at the end of last year in which it temporarily laid off its entire staff, LightSpeed Genomics has secured new investors and continues to develop its optical-detection technology, which it plans to integrate with a new sequencing chemistry this year, In Sequence has learned.

The startup, based in Sunnyvale, Calif., said it believes that the resulting sequencing system will provide "dramatically improved cost and speed of sequencing."

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