Nabsys Raises $25M in Equity Funding

Nabsys, a Providence, R.I.-based electronic whole-genome mapping company, closed a $25m funding round.

Hitachi High-Tech Corporation made the investment, which also provides for an additional $13m upon achieving certain milestones.

The company intends to use the funds to complete development and commercialization of the second-generation of its High-Definition Mapping™ (HDM™) platform. increase headcount in R&D, manufacturing, and global commercial operations.

Led by Barrett Bready, M.D., founder, and CEO, Nabsys is the pioneer in high-definition electronic genome mapping. By employing electronic detection, HD-Mapping can offer cost-effective hardware and consumables while delivering high-resolution single-molecule measurements. The platform makes long-range structural information accessible to every laboratory.

FinSMEs

13/04/2022