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Optalysys Raises $4M in Seed Funding Round

NEW YORK (GenomeWeb) – British computing systems developer Optalysys announced today that it has raised $3.95 million in a seed funding round from unnamed angel investors.

The company said that it would use the funds to manufacture high-performance computing processors (HPCs) based on its proprietary optical processing technology, which uses low-power laser light in place of electricity for processing.

"Our aim is to make supercomputing levels of processing power accessible to a much wider audience of scientists and researchers, which will promote more rapid advancement in such fields as precision medicine and machine learning whilst addressing some of the fundamental limitations of conventional computing," Optalysys CEO Nick New said in a statement.

Optalysys is currently preparing the release of its first commercial product — an HPC-based application for DNA sequencing alignment — which it expects to unveil in early 2018.