Bina Technologies Inc ., developer of an analytics platform to help scientists analyze genetic information, has closed its Series B round at $8 million after two new investors joined the financing, VentureWire has learned.
The add-on was provided by AME Cloud Ventures and Columbus Nova Technology Partners, and follows a March raise of $6.25 million in Series B funding from Sierra Ventures and other investors, Chief Executive Narges Bani Asadi said.
The Redwood City, Calif., company also raised a $1.1 million Series A round from individuals in 2011, VentureWire records show.
As gene sequencing becomes more affordable and widespread, demand is rising for products that can analyze and present genetic information back to doctors.
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