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Pacific Biosciences raises $68 million

Pacific Biosciences raises $68 million

Menlo Park-based Pacific Biosciences, Inc. has raised $68 million. Among investors were Monsanto, Wellcome Trust, Sutter Hills Ventures, and others.   

The company that was founded in 2004 develops better DNA technology and Hugh Martin is CEO. Last summer the company raised $100 million in its fifth round that was led by Deerfield Management and Intel Capital.

SF Business Times-8/12/2009