Lab7 Systems software maker adds more capital in latest financing round

Jul 16, 2014
Austin Business Journal

Lab7 Systems Inc., a genome-sequencing software maker, reported raising $210,000 of a planned $400,000 financing

The Austin-based company collected the capital from three investors, according to a Monday filing with the U.S. Securities and Exchange Commission

The filing is an update to a late 2013 filing in which Lab7 Systems reported receiving $155,000 of the $400,000 goal

The company, founded in 2011, develops a scientific workflow management and analytics software platform for the next-generation sequencing market, CEO Chris Mueller has said. It employed seven workers last year

In March 2013, Lab7 Systems completed a $500,000 round of financing from 16 investors, SEC filings show. Mueller planned to begin beta testing the software in preparation for a subsequent trade show. In September of that year, Lab7 Systems released a free software toolkit and service offerings for the next-generation DNA sequencing bioinformatics community, along with the latest beta version of its Lab7 Dashboard

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