With $7M Series A, Parse Biosciences Makes Gene Sequencing Accessible To All

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Split Biosciences, a startup processing a azygous compartment sequencing kit that doesn’t necessitate customized instrumentation, closed connected $7 cardinal successful Series A backing and unveiled its caller name, Parse Biosciences.

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The company, headquartered successful Seattle, decided the caller sanction was needed arsenic its absorption grew into different areas, Alex Rosenberg, co-founder and CEO, told Crunchbase News.

“Our name, Split Bio, was named aft the world method of SPLiT-seq, of wherever determination was a immense magnitude of interest,” Rosenberg said. “Since being founded successful 2018, we person made advancement and are moving beyond the world method, and Parse Biosciences shows wherever we are going arsenic a company.”

Where they are going is toward democratizing compartment sequencing, helium said. The existent process of sequencing cells involves taking tissue, fundamentally whipping it up successful a blender—which diminishes compartment resolution—and isolating each idiosyncratic compartment into a compartment.

Parse’s kit uses barcoding to statement azygous cells without having to bash that. Researchers tin illustration up to 100,000 cells successful parallel crossed up to 48 samples, precocious information prime and the quality to summation cistron detection successful idiosyncratic cells portion reducing confounding artifacts that are communal successful azygous compartment sequencing experiments

Bioeconomy Capital led the circular that besides included information from caller and existing angel investors. The concern gives Parse a full of $9 cardinal successful funding, which includes $2 cardinal successful effect backing and grants, Rosenberg said.

Rob Carlson, managing manager astatine Bioeconomy Capital, said via email that biology comes successful units of azygous cells, and therefore, making advancement successful biology, whether that beryllium knowing the interactions betwixt organisms oregon cause discovery, volition trust connected precocious precision, quantitative methods and measurement to resoluteness the analyzable components of those azygous cells.

“Parse Bio’s archetypal products alteration wide disposable DNA sequencers to beryllium utilized arsenic multi-channel oscilloscopes for thousands of genes successful each of hundreds of thousands of idiosyncratic cells and sets a caller modular for debased mistake measurement,” helium added. “These products conscionable cardinal needs arsenic we physique retired the infrastructure for healthcare and biologic engineering successful the 21st century. We are excited to enactment successful bringing this caller capableness to labs worldwide.”

Researchers successful some the pharmaceutical manufacture and academia are driving the acceleration of the global single-cell investigation market, which is expected to beryllium a $7.7 cardinal marketplace by 2027.

The caller backing volition alteration Parse to conscionable that request by adding to its squad successful the areas of sales, selling and R&D to enactment efforts to propulsion retired caller products, Rosenberg said.

The institution launched its kits successful the past twelvemonth and is already moving with 40 laboratories. The adjacent measurement is to recognize caller applications for compartment sequencing, which is being utilized to survey areas specified arsenic COVID-19, neuroscience and taxon evolution.

“The tract is growing, truthful the extremity is to marque it arsenic casual arsenic possible,” Rosenberg said. “Some customers person acquisition with sequencing, and others are conscionable getting into this. Our absorption is to get this into people’s hands.”

Illustration: Li-Anne Dias

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