NABsys, Inc., a Rhode Island-based developer of electronic systems used for sequencing and analyzing single-molecule DNA, has reportedly raised $10 million in new venture capital funding, closing a Series C preferred stock financing round. Since 2009, the company has raised more than $21 million to support continuing development and commercialization of its solid-state technology and innovations in chemistry and algorithms to improve DNA sequencing accuracy, speed and cost. According to the company, performance enhancements will affect biological research in many fields. See NABsys Inc. Press Release, September 14, 2011.