Skip to main content
Premium Trial:

Request an Annual Quote

Clear Labs Raises $60M in Series C Financing Round

NEW YORK – Molecular food safety testing company Clear Labs announced on Wednesday that it has raised $60 million in an oversubscribed Series C financing round to advance its genomic surveillance products for SARS-CoV-2.

The round was co-led by Counterpoint Global and funds and accounts advised by T. Rowe Price Associates, with participation from existing investors including Redmile Group, Menlo Ventures, Wing Ventures, HBM Genomics, Khosla Ventures, Felicis Ventures, and Dafgard.

The funding will be used to help increase the availability of the company's solutions to help labs and clinicians "more easily identify and trace all strains of pathogens, like SARS-CoV-2," Clear Labs said in a statement.

The company will continue to develop its capabilities so it "can deliver the early warning system, enhanced real-time genomic surveillance of the pathogen(s) and in-depth variant tracking that the public and private health communities need," Clear Labs CEO Sasan Amini said in a statement.

The San Carlos, California-based company's Clear Dx Whole Genome Sequencing workflow solution determines the complete RNA sequence of the SARS-CoV-2 genome in 24 hours and can differentiate viral strains and monitor mutations that can lead to variants.

Clear Labs also received Emergency Use Authorization from the US Food and Drug Administration in September for its Clear Dx SARS-CoV-2 nanopore sequencing test that allows labs to perform diagnostic screening and genomic surveillance simultaneously.

Last May, the firm raised $18 million in a strategic funding round to commercialize its SARS-CoV-2 platform.

The Scan

More Boosters for US

Following US Food and Drug Administration authorization, the Centers for Disease Control and Prevention has endorsed booster doses of the Moderna and Johnson & Johnson SARS-CoV-2 vaccines, the Washington Post writes.

From a Pig

A genetically modified pig kidney was transplanted into a human without triggering an immune response, Reuters reports.

For Privacy's Sake

Wired reports that more US states are passing genetic privacy laws.

Science Paper on How Poaching Drove Evolution in African Elephants

In Science this week: poaching has led to the rapid evolution of tuskless African elephants.