GenomesDAO Secures New Investment Round from Pantera Capital and Modular Capital

Biotech company GenomesDAO has successfully completed a new investment round led by Pantera Capital and Modular Capital. This funding aims to accelerate its efforts in the decentralized genomics market.

GenomesDAO's flagship product, Genomes.io, features a decentralized infrastructure of virtual vaults that securely store genomic data, built in collaboration with AMD. The funds will support the development of their Virtual Labs, which are set to launch pilot operations this summer.

"We are thrilled to partner with Pantera Capital and Modular Capital. Their expertise will help us advance our mission," said Aldo de Pape, CEO of GenomesDAO. Genomes.io enhances data privacy and monetization, aiming to provide higher engagement in the genomics market.

Pantera Capital's Cosmo Jiang highlighted the importance of data privacy in genomic sequencing, noting GenomesDAO’s commitment to security and transparency as transformative for the industry.