Nabsys closes expanded $38M equity round
Nabsys, the pioneer in electronic whole-genome mapping, announced today that it has received an additional $13 million from Hitachi High-Tech as part of an expanded equity round now totaling $38 million. The expanded equity investment was triggered as a result of a technical milestone achieved in relation to its High-Definition Genome Mapping Platform
Additional investment triggered by throughput-related milestone
PROVIDENCE, R.I. , Nov. 9, 2022 /PRNewswire/ -- Nabsys, the pioneer in electronic whole-genome mapping, announced today that it has received an additional $13 million from Hitachi High-Tech as part of an expanded equity round now totaling $38 million. The expanded equity investment was triggered as a result of a technical milestone achieved in relation to its High-Definition Genome Mapping Platform.
The milestone increases throughput by more than 10x. "This milestone is a significant advancement to throughput for the High-Definition Mapping Platform and enables complete mapping of whole human genomes at a commercially attractive price and turnaround time and superior resolution compared to current technologies", said Barrett Bready, M.D., Nabsys founder and CEO.
Nabsys will offer this next generation High-Definition Genome Mapping Platform through an early access program in the first half of 2023.
