Pacific Biosciences - Top 20 Biotech VC Deals of 2009

Company: Pacific Biosciences
Based: Menlo Park, CA
Amount: $68 million

Investors: Monsanto, the Wellcome Trust. Sutter Hill Ventures, and other existing investors

Scoop: Pacific Biosciences, which was 2009 Fierce 15 winner and took the top spot on the 2008 VC list, is developing genetic sequencing technology. The company raised $68 million in August with the help of several new investors. PacBio is developing a sequencing platform that will be able to sequence a whole genome in five to 30 minutes, rather than the current eight to 10 days. It's the kind of technology that could completely change biomedical research--and has helped PacBio raise an impressive $188 million in less than two years.

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