Mi­crosoft, Google back DNAnexus' Big Da­ta work with $58M; No­var­tis, Temasek back $50M round for Pear’s med apps

→ Big Da­ta is worth Big Mon­ey. DNAnexus has grabbed a $58 mil­lion fi­nanc­ing round led by new in­vestor Fore­site Cap­i­tal with help from Mi­crosoft, GV (for­mer­ly Google Ven­tures), TPG Biotech, WuXi NextCODE, Clare­mont Creek Ven­tures, and Mid­Cap Fi­nan­cial. The com­pa­ny touts a plat­form tech en­abling clients to glean new in­sights from large ge­nom­ic and bio­med­ical datasets. “As the vol­ume of bio­med­ical in­for­ma­tion con­tin­ues to in­crease, the DNAnexus Plat­form and up­com­ing prod­uct re­leas­es cat­alyze col­lab­o­ra­tion, da­ta shar­ing and ma­chine learn­ing on which the de­vel­op­ment of pre­ci­sion med­i­cine de­pends. Fore­site Cap­i­tal is pleased to lead this new fi­nanc­ing round,” said Jim Tanan­baum, founder and CEO of Fore­site Cap­i­tal.

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