Faster, cheap­er DNA se­quenc­ing gets Om­niome $60M led by Chi­nese in­vestors

A San Diego com­pa­ny mak­ing new DNA se­quenc­ing tech just brought home $60 mil­lion in a fundrais­ing round chock full of Chi­nese in­vestors.

The com­pa­ny is called Om­niome — first found­ed by an ex-Il­lu­mi­na em­ploy­ee Kan­daswamy (Swamy) Vi­jayan in 2013 —  and it says its tech can pro­vide high­ly ac­cu­rate and fast se­quenc­ing re­sults at a low cost. Vi­jayan has since left Om­niome, and the com­pa­ny is now run by CEO Dave Mullarkey.

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