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iCarbonX Raises $155 Million for Big Data Healthcare; Company Valued at $1 Billion

publication date: Apr 21, 2016
iCarbonX, the Shenzhen artificial intelligence/big data "omics" startup, completed a $155 million Series A funding that values the six-month-old company at $1 billion -- biotech's first unicorn. The company is the brainchild of Dr. Jun Wang, who previously served as CEO of BGI, China's largest genomic sequencing company. Tencent Holdings, a China internet company, led the financing, and the two companies will establish a strategic relationship. In a big surprise, Dr. Wang disclosed that iCarbonX's first consumer application will be cosmetics: based on a person's skin sample, iCarbonX will recommend the most effective products. The first store will be opened this year, he said. More details....

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