NGX Bio Raises $3 Million to Fund Growth of Its DNA Sequencing Marketplace
SAN FRANCISCO, Aug. 15, 2017 (GLOBE NEWSWIRE) -- NGX Bio, Inc., (www.NGXbio.com ) the premier marketplace for online DNA sequencing services, announced it has closed a $3 million funding round. The round was led by 180 Degree Capital Corp. (NASDAQ:TURN) and included Third Kind Venture Capital, Lateral Capital, the Band of Angels and the Berkeley Angel Network, as well as other investors.
NGX Bio was founded in 2014 to provide streamlined, on-line access to next-generation sequencing services for clients seeking high quality, rapid and cost-effective sequencing of both human and non-human samples globally. Demand for sequencing services is growing exponentially. NGX Bio's platform matches the sequencing needs of customers with providers who have available sequencing capacity. Customers are able to purchase a wide range of sequencing services for their samples using NGX Bio's online ordering tools. NGX Bio offers these services through numerous and deep relationships with its extensive network of sequencing service providers. The ability to offer virtually unlimited sequencing capacity, to finish projects rapidly, and to always stay at the cutting edge of fast-evolving sequencing technologies distinguishes NGX Bio from its competitors and from internal corporate, academic or government sequencing resources.
"We appreciate the support from our investors to fund the next stage of the growth of our business," said Denis Kourakin, President and Chief Executive Officer of NGX Bio. "Our platform makes completion of sequencing projects simpler and more affordable for all clients and allows them to scale without the need for capital investment. This funding will allow us to continue our relentless focus on delivering high-quality, rapid and cost-effective sequencing solutions for our customers."
About NGX Bio:
NGX Bio is a San Francisco-based company providing streamlined, on-line access to next generation sequencing services for clients seeking high quality, rapid and cost-effective sequencing solutions globally. Founded in 2014 by two professors of Stanford University, NGX Bio offers virtually unlimited sequencing capacity to its customers through its partnerships with numerous sequencing providers.
Phone: +1 (415) 464 6379
Information om Globenewswire
Følg pressemeddelelser fra Globenewswire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Globenewswire
Cisco18.6.2018 14:02 | pressemeddelelse
Goldman Sachs and Cisco to Host Tech Talk on Data Center Networking
DSM Sinochem Pharmaceuticals18.6.2018 11:25 | pressemeddelelse
DSM Sinochem Pharmaceuticals launches Atorvastatin film-coated tablets, expanding its finished dosage statins portfolio
Juniper Networks18.6.2018 11:02 | pressemeddelelse
Juniper Networks Becomes Global Sponsor of World Robot Olympiad
GlobeNewswire, Inc.16.6.2018 07:01 | pressemeddelelse
GlobeNewswire Test Release
Strategic News Service/INVNT/IP15.6.2018 23:36 | pressemeddelelse
INVNT/IP: US Responds to Nation-sponsored Crown-jewel Intellectual Property Theft
NEP15.6.2018 13:55 | pressemeddelelse
NEP Completes Acquisition of Telerecord
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum