Market Watch 17 September 2012
REDWOOD CITY, Calif., Sep 17, 2012 (GlobeNewswire via COMTEX) — Station X Inc., a company dedicated to simplifying the analysis and visualization of genome-scale data in clinical and research settings, today announced the closing of a second round of equity financing led by Runa Capital, an international venture capital firm. The $5 million round also included follow-on commitments from existing investors including Genomic Health. The company will use these funds to expand its team and accelerate the commercialization of GenePool(tm), a software-based biomarker discovery system for storing, analyzing and visualizing large-scale genomic data in translational research, diagnostic and pharmaceutical development, and clinical genome analysis.
“Cracking the genetic code requires a combination of computational power and smart people with diverse skills and backgrounds. We are excited to add Runa Capital’s expertise in cloud computing to our existing team of investors who are among the most experienced business developers in the life sciences industry,” said Dr. Goold. “This funding will immediately support the growth of our team and enable us to accelerate the commercial roll out of GenePool later this year.”