Centice, a biotech spin-out of Duke University, receives slice of $7m venture funding from QWave Fund.
A biotech spin-out commercialising computational sensor technology developed at Duke University has received additional funding from the Quantum Wave (QWave) Fund for an unspecified amount.
North Carolina-based Centice, spun-out from Duke in 2004, received the investment from early-stage quantum technology venture firm QWave as the investor made simultaneous investments in Purdue spin-out Nano-Meta Technologies and Estonia-based semiconductor startup Clifton totalling $7m, with $1m going to Nano-Meta.
Centice plans to use the funding to increase sales and production of its product,…
