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Qlucore to Use €545K in Funding to Hire Software-Development, Sales Staff

NEW YORK (GenomeWeb) – Qlucore has received €545,000 (about $579,000) in funding from a rights issue and a development loan from Swedish regional development fund ALMI, which it will use to hire software development staff for its head office in Lund, Sweden and also to increase its sales force in the US.

"We are grateful to ALMI and the shareholders of Qlucore for supporting the growth ambitions of the firm's management," Carl-Johan Ivarsson, Qlucore's president, said in a statement. He added that the investment will "significantly enhance" the speed of Qlucore's continued growth particularly in the US market, which the company sees as key to its future success.

Qlucore began its days as a collaborative research project at Lund University in 2007. The company markets Qlucore Omics Explorer, software for visualizing, exploring, analyzing, and sharing omics datasets. The tool offers interactive 3D visualizations, statistical support, and streamlined workflows for analyzing multiple data types.

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