|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Geospiza Closes $3 Million Series A Financing
December 7th, 2006 No comments
Geospiza, Inc., a leading developer of enterprise software solutions to automate genetic testing, recently announced that it has completed a $3 Million Series A preferred stock financing. The funds will be used to add sales and product development personnel to meet increased customer demand and expand its collaboration agreement with Applied Biosystems.
The company’s flagship product, Geospiza Finch Suite, is the life science industry’s top software system for managing and analyzing vast amounts of research and clinical data being generated by today’s gene-based tests. The product can be configured to deliver a complete set of commercial solutions that help laboratories increase capacity, improve productivity and reduce costs. Geospiza’s software integrates both the laboratory data management and postproduction data analysis into an automated system.
Geospiza’s president Rob Arnold commented, “The technology in the instruments that create genetic data has far outpaced clinician’s ability to analyze the data efficiently. With new applications for genetic testing emerging daily, such as for cancer and infectious disease screening, our customers are under enormous pressure to streamline their analytical procedures and reduce testing backlog.”
“We see tremendous commercial potential for the application of information technology to genetic testing. Geospiza’s software allows large producers of genetic data, like pharmaceutical companies, to translate data more efficiently into actionable test results,” said Gordon A. Gardiner, Managing Partner of Swiftsure Capital LLC, a Seattle-based private equity firm. “The company has an outstanding customer base and a solid relationship with the leading manufacturer of genetic analysis instruments, Applied Biosystems.” Swiftsure Capital LLC served as the company’s consultant on various strategic issues including the financing. Mr. Gardiner was appointed to Geospiza’s Board of Directors earlier this year.
Founded in 1997, Geospiza combines trusted life science and IT expertise to deliver its customers highly scalable, fully integrated, regulatory compliant informatics platforms for scaling their laboratory workflow, genetic data management and analytics workflows. The Company’s customers are primarily diagnostic laboratories, biotechnology and pharmaceutical companies, contract core labs, large research institutes and universities, involved in genetic testing, genetic analysis, manufacturing DNA based bio-therapeutics and delivering DNA data production services.
For more information please visit: www.geospiza.com.
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility