Latchbio Raises 28M USD to Corral Bio Data

Latchbio Raises 28M USD to Corral Bio Data

LatchBio has announced a 28 million USD Series A funding round to expand and improve its web-based data processing platform. Its purpose is to provide researchers with a simple, integrated tool for data analysis without the need for a computer scientist.

The data collected in biology labs is the focus of LatchBio’s tools. It uses pre-programmed methods to unpack and analyze common data formats such as DNA sequencing and protein folding files. LatchBio’s strategy includes combining storage and curation with analysis.

The platform is cloud-based, which eliminates the need for researchers and their institutions to maintain servers. Coatue and previous investor Lux Capital co-led the 28 million USD series A deal. Hummingbird Ventures, Caffeinated Capital, and Haystack and Fifty Years are among the new investors.

Read More: https://venturebeat.com/2022/06/02/latchbio-raises-28m-to-corral-bio-data/

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