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NextBio Raises $8M in Venture Funding Round

NEW YORK (GenomeWeb News) – NextBio has raised $8 million in a Series C round of financing led by Newbury Ventures, which is a previous investor in the firm, and other private investors.

The Cupertino, Calif.-based bioinformatics firm said that it would use the funds for growing its sales reach and channels and for international expansion.

NextBio recently inked a deal to integrate its ontology-based semantic tools and its collection of public data with Elsevier's ScienceDirect journal collection.

The most recent round follows its series B financing two years ago, which raised $7 million.

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