Santa Cruz-based Two Pore Guys (2PG) announced the close of its $24.5M Series A financing round, led by Khosla Ventures. The new funding will be used to scale up manufacturing of 2PG’s hand-held, point-of-use testing system, which works like a glucose monitor, though its disposable test strips can detect virtually any kind of molecule with very high sensitivity. The financing will also enable the company to expand its executive team and further advance its two-pore technology for whole genome sequencing and genome mapping. The press release can be found here.
- On April 27, 2017