Cloud-based services have become available for people to store files and photos, for businesses to allow employees to access information remotely and for researchers to share DNA information. The later is an area in which DNAnexus operates. The startup is now poised to to enter the second-largest medical-technology market in the world, China, following an alliance with Wuxi PharmaTech, Timothy Hay reports for Dow Jones VentureWire. Wuxi PharmaTech has also provided DNAnexus with $15 million in Series D funding. DNAnexus, which has been backed by Goolge Ventures and other investors, has technology that allows scientists to stream DNA sequencing data to the cloud, where researchers in various locations can view and analyze the information.
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Shyp, an on-demand shipping startup, raised $50 million in a round led by Kleiner Perkins Caufield & Byers. The startup allows users of its app to schedule couriers at a location of their choice to arrive, take the items, pack them up and ship them. The items are then shipped through FedEx , UPS or the U.S. Postal Service. Other investors include Homebrew and Sherpa Ventures.
Dimension Therapeutics, a gene therapy company, has raised $65 million in funding. Investors include Partner Fund Management, New Leaf Venture Partners, Jennison Associates, RA Capital Management, Rock Springs Capital, Tourbillon Global Ventures, Fidelity and OrbiMed.
Cnano Technology, a manufacturer of carbon nanotubes that go into products such as lithium-ion batteries, has raised $15 million from a group of investors led by GRC SinoGreen Fund.
Color Genomics said it has raised $15 million in venture financing and introduced a $249 genetic-sequencing test for breast and ovarian cancer. Venture firms participating in the financing include Formation8 Partners and Khosla Ventures.
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ELSEWHERE AROUND THE WEB:
On-Demand Valet Service Zirx Accelerates With $30 Million. There are ride-hailing services for users who want chauffeured to a location and on-demand valet services for people who want to drive but don’t want to deal with the hassle of parking. Zirx, which offers an on-demand valet service, has raised $30 million in funding, The Wall Street Journal’s Lizette Chapman reports. The company is competing with other valet startups Luxe and ValetEverywhere. Investors in Zirx’s newest round include Bessemer Venture Partners, Norwest Venture Partners and Trinity Ventures.
Poshmark Raises $25 Million, Brings Its Fashion Marketplace to the Apple Watch. The startup Poshmark has a mobile app for women to buy and sell clothing items from each other, and now the company has added an Apple Watch feature to that as it raised $25 million in new funding, the WSJ’s Lizette Chapman reports. Existing investors Mayfield, Menlo Ventures, Inventus Capital and SoftTech VC participated in the round with participation from new investors Union Grove Venture Partners and Shea Ventures.
Selfie App Shots Moves Beyond Bieber With $8.5 Million in Funding.The selfie-sharing site Shots, made popular by early investor Justin Bieber, is positioning itself as more of a social network with $8.5 million in new funding, the WSJ’s Douglas MacMillan reports. The startup updated its app to allow users to share three-second videos and to find nearby friends with a geolocation feature. Chinese venture-capital firm WI Harper led the round, which included Launch Fund, Upfront Ventures, 500 Startups, music producer Rodney Jerkins and the venture arm of Major League Baseball.