Thursday, August 19, 2010

Complete Genomics Gets $39M

Mountain View-based Complete Genomics, a firm developing and commercializing a DNA sequencing platform, said today that it has raised $39M in a Series E funding round. The round was led by Sands Capital, and also included prior investors Essex Woodlands, OVP Venture Partners, Prospect Venture Partners, OrbiMed Advisors, Highland Capital and Enterprise Partners. The firm said, in conjunction with the filing, that it is also evaluating a lawsuit filed against it by Illumina and Solexa, which have accused the firm of patent infringement. The firm said it would "vigorously defend" itself against the lawsuit. More information »