DNAnexus Gets $15M VC Financing

DNAnexus, California-based DNA data management and analysis platform, has raised $15 million in the second-round venture capital financing. The investment round was led byGoogle Ventures, venture capital investment arm ofGoogle Inc., andTPG Biotech, life science venture investment arm ofTPG.

Institutional investorsFirst Round Capital,SoftTech VC,K9 VenturesandFelicis Venturesalso participated. The company plans to use the proceeds to boost hiring and accelerate product development.Krishna Yeshwantof Google Ventures andGeoff Duykof TPG Biotech have joined DNAnexus’ board of directors. The firm has been founded byAndreas Sundquist,Arend SidowandSerafim Batzoglou.

Click here for the release fromDNAnexus.