AppliedVentures, a venture capital subsidiary of Applied Materials (AMAT), a large semiconductor manufacturing equipment manufacturer in the United States, announced on June 9, 2014 that it will participate in the B-series (second round) financing of Twist Bioscience. Through this investment, AMAT plans to leverage the experience of semiconductor manufacturing technology to develop the biotechnology market.
TwistBioscience develops semiconductor-based gene synthesis technologies for the fields of personalized medicine, chemicals and agriculture. Unlike traditional techniques for gene synthesis on plastic substrates, the company synthesizes genes on silicon substrates, increasing productivity and enabling large-scale, high-throughput genetic design. The company plans to launch its first products in 2015. Funding from AppliedVentures will be used to develop high-throughput, low-cost silicon-based next-generation gene synthesis technologies.
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