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Armonica Technologies Closes B Round Financing

Oct 18, 2021•over 3 years ago
Albuquerque

Description

Armonica Technologies, Inc., a biotechnology company developing a high throughput, direct long-read DNA sequencing technology, announced that it has raised $2M in new funding. The financing included Hamamatsu Photonics K.K. and current investors Cottonwood Technology Fund, Sun Mountain Capital and Tramway Venture Partners. The funding will support further feasibility demonstration of company's sequencing technology.

Company Information

Company

Armonica Technologies

Location

Albuquerque, New Mexico, United States

About

Armonica Technologies is an Albuquerque, NM based biotechnology company focused on developing its proprietary long-read DNA sequencing technology. Armonica's technology, optical nanopore sequencing, uses proprietary nanochannels to deliver long, single DNA molecules through nanopores, where characteristic optical signatures are read. Armonica's approach will lead to faster, more thorough and more accurate genomic analysis than is currently available, without the need for extensive workflow and reagents. The Company's innovative platform will enable clinicians to develop novel diagnostic tests that are based on complex variants including epigenetic modifications, and life science researchers to be more efficient and productive in their research and discovery capabilities. SOURCE Armonica Technologies, Inc