Intelligent Bio-Systems, Inc Obtains $354,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8792d811-5b73-4c89-93b8-1db6b20f2400&Preview=1 -
Date
3/31/2008 -
Company Name
Intelligent Bio-Systems, Inc -
Mailing Address
34 Bear Hill Rd. Waltham, MA 02451 -
Company Description
Intelligent Bio-Systems is developing a next generation DNA sequencing system that can simultaneously increase the speed and reduce the cost of producing sequence data by a factor of 100 to 1,000. It uses a proprietary chemistry, high-density chip and fluorescent instrument system to accurately decode the sequence of DNA fragments. The technology has the potential to dramatically change the way research is performed and healthcare is delivered. -
Website
http://www.intelligentbiosystems.com -
Transaction Type
Venture Equity -
Transaction Amount
$354,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
Kegonsa Capital Partners -
Venture Investor
Undisclosed
