Annoroad , a Chinese gene - sequencing firm , has raised $ 105 m in a Series C funding round led by Ping An Ventures and Shenzhen GTJA Investment ##s . SoftBank China Venture Capital also invested in the round . Beijing - based Annoroad is known for its fertility and tumour test products , and is one of the largest genomics companies in China . The Chinese consumer genomics giant is not the first in its field to receive a 9-figure investment this year. The funds will be used to develop the company 's overseas market presence , improve its R&D efforts and hire further staff . Some funding will be used for its SolarGenomics subsidiary , which offers a cloud - based platform for the storage of data and research .
Annoroad , a Chinese gene - sequencing firm , has raised $ 105 m in a Series C funding round led by Ping An Ventures and Shenzhen GTJA Investment ##s . SoftBank China Venture Capital also invested in the round . Beijing - based Annoroad is known for its fertility and tumour test products , and is one of the largest genomics companies in China . The funds will be used to develop the company 's overseas market presence , improve its R&D efforts and hire further staff . Some funding will be used for its SolarGenomics subsidiary , which offers a cloud - based platform for the storage of data and research .