Gene Security Network Inks $12 Million Series C

Gene Security Network, which develops technology for genetic testing, has raised $12 million in a Series C financing round led by Menlo Park, Calif.-based Sequoia Capital. Oakland, Calif.-based Claremont Creek Ventures; San Francisco-based Founders Fund; and Menlo Park, Calif.-based Lightspeed Venture Partners also participated in the round. Gene Security currently focuses its technology on the genetic testing of DNA during in vitro fertilization. The Redwood City, Calif.-based company will use the new financing to help expand into other areas, including prenatal diagnostics.

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