Paris-based startup PicoSeq has started its first major financing round — the latest step in the firm's effort to automate and commercialize its mechanical, DNA hairpin-based method for assessing single molecules of DNA.

The company is currently seeking funds from a variety of sources and/or potential partners, PicoSeq CEO Gordon Hamilton said, and hopes to reach its current target of roughly €5 million ($6.6 million) late this spring or sometime over the summer.

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