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NEW YORK (GenomeWeb) – Two Pore Guys has closed a $24.5 million Series A financing round led by Khosla Ventures.

The Santa Cruz, California-based company said it planned to use the funding to scale up manufacturing of its hand-held nanopore sensor. In addition, it plans to expand its executive team — with a particular emphasis on hiring a head of manufacturing, CEO Dan Heller said. The financing will also help the firm accelerate development of applications for whole-genome sequencing and genome mapping.

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The Guardian reports that Cancer Research UK is cutting its research funding by £44 million.

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