UBiome received $83M in Series C financing

Re:UBiome received $83M in Series C financing by refurb on Friday September 21, 2018 @01:43PM (#18041358)

Some of the really big rounds have been for therapeutics as well. Denali raised a $250M series A a couple years ago.

There is just a ton of money right now.

Even for companies like uBiome whose business strategy is “we’ll sequence your microbiome and <waves hands around furiously>”

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Re:UBiome received $83M in Series C financing by timr on Friday September 21, 2018 @08:49PM (#18043829)

I'd put Denali in the "actually does science" category, though. Certainly more than uBiome. They do have a drug in clinical trials, after all.

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Re:UBiome received $83M in Series C financing by Fomite on Friday September 21, 2018 @04:28PM (#18042436)

Trying desperately not to be bitter as I submit yet another grant to keep my lab going, and where $250K a year is a really pretty successful grant portfolio.

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Re:UBiome received $83M in Series C financing by funfunfun on Friday September 21, 2018 @01:49PM (#18041401)

It sounds like we've figured out what'll cause the bubble this time around

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