New Mexico tech startup lands US$5 million investment
NEW MEXICO – A New Mexico startup has landed US$5 million in private equity from investors to accelerate the marketing of super-fast cell-screening and analysis technology.
The Albuquerque Journal reports that BennuBio Inc. won the funding from New Mexico and international investments, including money from Co-Win Ventures.
BennuBio President and CEO Steven Graves says Co-Win’s participation could substantially boost BennuBio’s marketing success because that firm has extensive experience in the cytometer industry.
Flow-through cytometers are used to analyze millions rapidly, and often billions, of cells for medical diagnostics and drug discovery. But today’s cytometers can process only about 10,000 cells per second because tissue samples are pushed through cytometers one at a time.
Source: Washington Times