Applied Materials' corporate venturing unit has announced that it was among the investors in the synthesised gene producer's $26m round in May.
Applied Ventures, the corporate venturing subsidiary owned by semiconductor equipment maker Applied Materials, revealed yesterday that it was one of the investors in the $26m series B round raised by US-based Twist Bioscience late last month.
Twist, the developer of a semiconductor-based process to produce synthesised genes, will use the funds to develop its platform and silicon-based technologies in collaboration with Applied Materials, which sees the investment as an opportunity to extend its expertise in the biotechnology industry.
The round…
