Having played a major role in making consumer genomics feasible, Illumina is now looking to shape how the nascent sector develops. The company has teamed up with big-name VCs to create Helix, a deep-pocketed startup that is one part massive next-generation sequencing operation, one part app store for genomics.
The first clutch of companies have graduated from Illumina Accelerator, the startup incubator program the sequencing giant set up last year. And with more than $40 million in VC cash secured to help the startups grow, Illumina is now looking for the next group of companies to join.
Startup bootcamp Y Combinator has backed Cofactor Genomics, an RNA testing business. The deal marks another step in YC's expansion beyond tech and into biotech and gives St. Louis, MO-based Cofactor Genomics a way into Silicon Valley, TechCrunch reports.
With $36 million in the bank, Lee Hood as a co-founder and George Church on its scientific advisory board, Arivale is preparing to bring genome sequencing the public.
China's State Council, or cabinet, last week set guidelines on startups, an area of policy closely watched by the biotech community.
Y Combinator has unveiled another of its latest batch of biotech startups, Notable Labs. The company is aiming to end the long wait for improved treatments for glioblastoma multiforme by applying data analytics and robotics to the discovery of effective combinations of existing drugs.
Study startup specialist goBalto is preparing to up its game in Asia. The San Francisco, CA-based software developer outlined the strategy after raising $12 million from new backers, including Japan's Mitsui Global Investment.
Anyone with a passing interest in tech startups is unlikely to be shocked by Silicon Valley VC Andreessen Horowitz listing digital health as one of its top 16 trends. But as one of the organizations with some power over how these trends play out, the reasoning behind Andreessen Horowitz's list makes for interesting reading.
10X Genomics has exited stealth mode with $80 million in VC funding and a plan to solve a significant sequencing problem without going head to head with Illumina. The Pleasanton, CA-based startup is set to unveil an add-on for Illumina sequencers that improves their ability to map long reads of DNA.
The 10 biotechs in the latest batch of Y Combinator startups--as well as those that have already graduated from the incubator--will receive $20,000 to spend at Transcriptic's automated life science laboratory.