Skip to main content
Premium Trial:

Request an Annual Quote

10X Genomics Raises $55 Million in Series C

NEW YORK (GenomeWeb) – 10X Genomics has raised $55 million in a Series C financing round led by Fidelity Management & Research Company. New investors Softbank and JS Capital Management joined founding investors Venrock, Foresite Capital, and Paladin Capital.

10X plans to use the financing to support marketing and sales of its two platforms — the GemCode and Chromium — as well as for new product development. 

The company's products make use of microfluidics and barcoding technology prior to next-generation sequencing in order to generate linked reads that can reveal phase and other long-range genomic information.

10X launched the Chromium system this year and its GemCode platform last year.

In a statement, 10X Genomics CEO Serge Saxonov said that the firm has "now forged the key collaborations necessary to transform our commercial reach globally." The latest investment will help the company "meet the rapidly growing demand for our products and applications and support our rapid innovation," he added.

The Scan

Cancer Survival Linked to Mutational Burden in Pan-Cancer Analysis

A pan-cancer paper appearing in JCO Precision Oncology suggests tumor mutation patterns provide clues for predicting cancer survival that are independent of other prognostic factors.

Australian Survey Points to Public Support for Genetic Risk Disclosure in Relatives of At-Risk Individuals

A survey in the European Journal of Human Genetics suggests most adult Australians are in favor of finding out if a relative tests positive for a medically actionable genetic variant.

Study Links Evolution of Stony Coral Skeleton to Bicarbonate Transporter Gene

A PNAS paper focuses on a skeleton-related bicarbonate transporter gene introduced to stony coral ancestors by tandem duplication.

Hormone-Based Gene Therapy to Sterilize Domestic Cat

A new paper in Nature Communication suggests that gene therapy could be a safer alternative to spaying domestic cats.