CryoXtract Closes $3M Funding Round

CryoXtract Instruments, LLC, an Arlington, VA-based company developing innovative biobanking solutions, closed a $3m funding round.

The round was led by Allied Minds, Inc., which formed the company in partnership with Harvard University and Northeastern University in 2008.

The company intends to use the funds to launch its proprietary Automated Frozen Sample Aliquotter, a robot that enables the biobanking and research communities to disseminate biological samples critically important to translational research, molecular medicine and biomarker discovery without exposing them to repeated freeze-thaw cycles that may degrade their molecular integrity and fidelity.



Join the discussion