NEW YORK (GenomeWeb News) – Bioinformatics company Bina Technologies added $1.75 million to its Series B financing round, bringing the total raised in the round to $8 million, it said today.
Bina previously announced it raised $6.25 million in the round in March.
The additional funding was led by Mohsen Moazami at Columbus Nova Technology Partners and Jerry Yang, the former Yahoo! co-founder and CEO who now runs his own personal venture firm called AME Cloud Ventures.
The new funds, the Redwood City, Calif.-based company said, will help move Bina in its goal of becoming an integrated genomic analysis platform company to "unlock the potential of DNA-based medicine and biotechnology by delivering fast, accurate, and scalable genomic analysis."
Proceeds from the earlier $6.25 million raise went toward expanding Bina's development, marketing, sales, and support infrastructure.