NEW YORK (GenomeWeb) – Healthcare data analytics company Cota announced today that it has closed a $40 million Series C round of financing.

The round was led by Iqvia with participation from EW Healthcare Partners and Memorial Sloan Kettering Cancer Center, as well as existing investors Boston Millennia Partners, Horizon Blue Cross Blue Shield of New Jersey, Hackensack Meridian Health, and Atoc Holdings. In connection with the transaction, Iqvia has received a seat on Cota's board.

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With the Next Generation Sequencing (NGS), genomes sequencing has been democratized over the last decades with the detection of genomic alterations, thus replacing Sanger sequencing.