Two Pore Guys, Inc., a Santa Cruz, Calif.-based provider of a handheld, single-molecule sensing platform, closed a $24.5m Series A venture financing.
The round was led by Khosla Ventures.
The company intends to use the funds to scale up manufacturing of its hand-held, point-of-use testing system and to expand its executive team.
Led by Dan Heller, CEO, Two Pore Guys provides a hand-held, point-of-use testing system which works like a glucose monitor, though its disposable test strips can detect virtually any kind of molecule with high sensitivity. The use of solid-state nanopores enables digital, single-molecule sensing in a small form factor. The devices transmit data wirelessly to authorized systems and cloud infrastructures, thereby enabling such uses as telemedicine, clinical trials for drug development, and global tracking of pathogens and diseases.
The company has begun collaborating with companies across multiple markets that plan to develop tests for the platform, similar to how software developers make apps for smartphones. Target uses include human and animal diagnostics, agriculture, food safety testing, environmental monitoring, regulatory, and defense.
FinSMEs
25/04/2017