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Chengdu Qitan Raises $101 Million for Nanopore Sequencing Devices

publication date: Jan 10, 2023

Qitan Technology, a Chengdu nanopore sequencing company, completed a $101 million Series C round to support its commercialized nanopore devices. A nanopore device reads single DNA strands as they are moved through a membrane with nano-sized pores using electrolysis. Nanopore devices can complete ultra-long reads, and the technology offers lower cost sequencing with immediate results. One year ago, Qitan launched its first device, QNome-3841, the first Chinese firm and the second in the world to commercialize fourth-generation sequencing technology. The C round was led by Meituan, with participation from existing investors HuaGai Capital and BioTrack Capital. More details....

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