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Station X Wraps Up $5M Financing Round

NEW YORK (GenomeWeb News) – Station X, a Redwood City, Calif.-based bioinformatics firm, has closed a second round of equity financing led by Runa Capital that included follow-on commitments from existing investors including Genomic Health.

The company said this week that it plans to use the $5 million raised in this round to expand its team and to push forward commercialization plans for GenePool, its software for storing, analyzing, and visualizing genomic data in translational research settings, diagnostic and pharmaceutical development, and clinical genome analysis.

With this financing, Runa Capital's Andre Bliznyuk will join Station X's board of directors, which also includes the company's Co-founders Richard Goold and Tod Klingler; Randall Scott, a co-founder of Genomic Health and Incyte Genomics; and Roy Whitfield, a director at Illumina.