WSU spin-out Advaita targets $1m seed round as it looks to develop software for gene research.

Advaita, a software spin-out of Wayne State University (WSU), is targeting a seed round of $1m as it looks to further develop a platform for universities and pharmaceutical firms to better manage genomic data.

The company is planning to hit its target within six months, and wants to follow it up with a series A penned in for 2015. The company has already secured several grants, including a $2.35m Small Business Technology Transfer grant from the National Institutes of Health…

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