A $25m funding round was completed by Nabsys, a Providence, R.I.-based company called e-whole-genome mapping.
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 the development and commercialization of the second generation of its High-Definition Mapping™ (HDM™) platform. increase headcount in R&D, manufacturing, and global commercial operations.
Barrett Bready M.D. is founder and CEO of Nabsys. He is the pioneer in high definition electronic genome mapping. HD-Mapping, which uses electronic detection, can be cost-effective in hardware and consumables as well as deliver high-resolution single-molecule measurement. The platform provides long-range structural data to all laboratories.