Pleasanton-Based Microchip Biotechnologies Raises $18.1 Million

Pleasanton, Calif. -- Microchip Biotechnologies Inc. (MBI), a Pleasanton-based developer of life science systems for microsample preparation and analysis, said that it has raised $18.1 million in its second round of funding led by Domain Associates. Samsung Ventures, Western Technology Investment Inc. (WTI) and other individual investors also joined previous backers Rona Syndicates and In-Q-Tel in the round. The company plans to use the proceeds to commercialize its Apollo 100 System, a sample preparation system for DNA cycle sequencing, and well as to develop a related platform.
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