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.