With $20 million raised in Series B financing, the developer of a metagenomics platform for microorganism detection plans to further develop its technology—which can now detect novel coronavirus infection (2019-nCoV)—and expand its operations, including a CLIA-approved commercial laboratory at the company’s Salt Lake City facility.
IDbyDNA said proceeds from the financing are set to be used toward advancing its next-generation sequencing (NGS)-based platform, designed to simultaneously detect and analyze tens of thousands of microorganisms and pathogens in any sample.
IDbyDNA markets the Explify® platform, designed to identify more than 50,000 microorganisms, and more than 3,000 known common and rare pathogens. The platform uses a proprietary database of curated DNA and RNA reference sequences to identify 35,000+ viruses, 13,000+ bacteria, 4,000+ fungi, and 150+ parasites.
According to the company, Explify offers users secure data privacy, highly curated and well-annotated databases, rapid metagenomic analysis, QA/QC applications, custom user interfaces, and automated report generation tools—with the platform’s newer features including quantification and…
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