News on DNA library prep, labeling, extraction, automation, protein purification & enrichment in genetics, genomics, and molecular diagnostics.
Circulomics, Bionano, Sage Science, RevoluGen, and others have been developing methods for extracting DNA hundreds of kilobases and up to megabases in length.
The firms originally inked the agreement in 2015 and have now extended it until 2025.
The company plans to use the funding to further develop its Xdrop technology, which allows users to partition millions of single molecules in droplets.
CEO Brad Gray told investors at the JP Morgan Healthcare Conference that he believes the firm's GeoMx has advantages over competitors in the new market.
The round was led by Meritech Capital, with participation from Fidelity and Wells Fargo, and brings the company's total financing to date to $243 million.
