PetaGene generates $2.1m

Jan 9, 2019 • Callum Cyrus

PetaGene hopes its data compression technology will aid the genomic sequencing industry.

PetaGene, a UK-based genomics data compression technology developer, secured $2.1m last month in a round led by VC firm Romulus Capital, according to TechCrunch.
Company builder Entrepreneur First also contributed in the round together with unnamed UK and US-based investors.
Founded in 2016, PetaGene offers data compression software that helps researchers store and compute the masses of information associated with whole-genome sequencing, which processes an organism’s entire DNA content for purposes such as precision therapeutics.
The platform can…

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