Cell imager and manipulator Cyntellect collects $15.1M
San Diego’s Cyntellect, a laboratory equipment maker focused on tools that image and manipulate living cells, raised $15.1 million in a fourth funding round. The company’s technology, which it says is based upon principles from the semiconductor industry, uses lasers to capture fluorescent cell images, to eliminate unwanted cell types, and to “optoinject” proteins, peptides and nucleic acids into cells.
The round was led by Third Security and joined by an unidentified existing Cyntellect investor. The investors may commit up to another $8.3 million under the terms of the deal. The company said it will use the money to hire more staff, expand operations and explore new uses for its laser tools.
Next Story: Event site Going.com raises $5 million amid competition
Previous Story: Vast Systems, provider of design software for cars and consumer electronics, raises $12M
About the Author, David P. Hamilton
David Hamilton has been writing for VentureBeat LifeScience since April 2007. He formerly spent 14 years as a reporter for the Wall Street Journal in its San Francisco and Tokyo bureaus. Prior to that, he spent several years as a reporter at Science Magazine and as a reporter/researcher for the New Republic, both in Washington.