Pacific Biosciences Raises $50 Million

Pacific Biosciences of California Inc., a Menlo Park, Calif.-based company focused on DNA gene sequencing, has raised around $50 million in Series D funding. Maverick Capital was joined by return backers Alloy Ventures, Kleiner Perkins Caufield & Byers and Mohr, Davidow Ventures. www.pacificbio.com