Strand Diagnostics, a US-based provider of testing equipment for genes, has raised $30m in its series A round from Nantworks, a conglomerate of healthcare education science and technology companies funded by Patrick Soon-Shiong (pictured).
Strand has developed its Know Error system, which uses bar coding, forensic principles and DNA matching to confirm that surgical biopsy samples being evaluated belong exclusively to the patient being diagnosed
Since 2007, Soon-Shiong, Los Angeles’ richest man after forming Abraxis BioScience, has funded more than 35 companies spanning healthcare, education, science and technology before in September last year he set up NantWorks, which also runs NantAccelerator to provide seed funding and resources to support start-ups.