DNAnexus Raises $15M in Second Funding Round

DNAnexus, a Mountain View, CA-based DNA data management and analysis platform, has raised $15m in a second funding round.

The round was led by Google Ventures and TPG Biotech, with additional participation from institutional investors First Round Capital, SoftTech VC, K9 Ventures, and Felicis Ventures.

The company intends to use the new funds to expand hiring and accelerate product development.

In conjunction with the funding, Krishna Yeshwant, M.D. and partner at Google Ventures, and Geoff Duyk, partner and managing director at TPG Biotech, have joined DNAnexus’ board, which also includes the company co-founders – Andreas Sundquist, Arend Sidow, and Serafim Batzoglou – and Rob Hayes from First Round Capital.

The company also announced a technology collaboration with Google Inc. to provide access to its archive of DNA data through a hosted Sequence Read Archive (SRA) site.

Led by CEO Andreas Sundquist, DNAnexus has developed a web-based solution that allows commercial and academic medical researchers to visualize and analyze big data system for DNA from a single, unified system.



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