Regeneron joins $100M round for DNAnexus and its cloud-computing DNA software
DNAnexus has been accruing capital and customers for over a decade, since the DNA computing company spun out of Stanford in 2009. Now, two years after their last funding round, the company has raised its largest round yet, at $100 million, and secured what may be its most intriguing investor: Regeneron Pharmaceuticals.
Using Amazon Web Services, DNAnexus provides a platform for researchers, regulators and companies to host and analyze their increasingly large sets of genomic data. In 2014, Regeneron was one of the major biotechs to partner with the company. They signed a deal to use DNAnexus’s platform cloud-computing software for translational work at the Regeneron Genetics Center, including by allowing the center to combine de-identified DNA samples with de-identified clinical information from healthcare providers to guide drug discovery.
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