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Home > News > Funding of Innovative Startups

June 22nd, 2005

Funding of Innovative Startups

Abstract:
Venture capitalists salivate over enormous market opportunities even when they're accompanied by enormous challenges. So it's no wonder that they've recently invested in NanoString's molecule-tagging technology. According to NanoString CEO H. Perry Fell, the company's first market will be gene expression analysis, a billion-dollar business.

NanoString recently announced new funding of $3.8 million; an earlier round of financing, raising $4.3 million, was completed last August. "We're tagging, identifying, and counting individual molecules," says Fell

Source:
technologyreview.com

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