In a Series D round of funding, Sunnyvale, CA-based startup Labcyte has closed on $5.3 million from lead investor GE Ventures. The round also saw participation from return investors Abingworth Management, Alloy Ventures, Cross Atlantic Partners, Delphi Ventures and Hambrecht & Quist Capital Management. The influx of cash will reportedly go toward the continued expansion of its revolutionary liquid handling systems, which utilize acoustic energy to transfer liquids precisely and accurately.
