Advanced Cell Diagnostics raises $22M in series C

Advanced Cell Diagnostics Inc. (Hayward, Calif.) raised $22 million in a series C round led by Summit Partners. Kenson Ventures and existing investors Morningside Ventures and New Leaf Venture Partners also participated. Summit Partners' Harrison Miller will join Advanced Cell Diagnostics' board.

The company markets RNAscope, an in situ hybridization-based assay technology designed to detect single molecules of nucleic acids in intact cells. ...