ARTICLE | Financial News

Bioinformatics company DNAnexus raises $58M

January 2, 2018 3:19 PM UTC

DNAnexus Inc. (Mountain View, Calif.) raised $58 million in an untranched financing led by new investor Foresite Capital. New investor Microsoft Corp. (NASDAQ:MSFT) also participated, as did existing investors GV, TPG Biotech, WuXi NextCode Genomics Inc., Claremont Creek Ventures and MidCap Financial.

The bioinformatics company said the financing will support further development and launch of its Translational Informatics Suite and support the continued expansion of its cloud-based genomic data management tools into the clinical trials market...