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Accuri Cytometers Completes $4 Million Series D Financing
Date:7/13/2009

ANN ARBOR, Mich., July 13 /PRNewswire/ -- Accuri Cytometers, Inc. today announced the completion of a $4 million Series D financing. The financing included current investors Fidelity Biosciences, Flagship Ventures, Baird Venture Partners and Arboretum Ventures, as well as the InvestMichigan! Program co-managed by Credit Suisse. Accuri will use the proceeds from the Series D financing to provide additional working and growth capital to support the rapid market acceptance of the Accuri C6 Flow Cytometer(R) System, a revolutionary product designed to bring the power of flow cytometry analysis to the laboratory of every life science researcher, and the recently introduced Accuri CSampler(TM), an optional accessory that adds user-friendly automation to the C6 system.

"With our first two products experiencing rapid market acceptance and our European operations newly underway, we have secured additional capital to build out our manufacturing and customer support capabilities in Michigan and to continue to expand our commercial presence globally," said Jennifer Baird, CEO of Accuri. "In these challenging times, we are gratified that all of our existing investors chose to participate in the Series D financing at a higher valuation. We are especially pleased that the InvestMichigan! Program, co-managed by Credit Suisse and championed by Governor Jennifer Granholm, became a significant new investor."

Explicitly designed for routine use by biomedical researchers in their own labs, Accuri's flow cytometer is a full-featured bench-top cell analysis system that provides capabilities similar to industry-leading flow cytometers in a more user-friendly format and at a fraction of the cost. The newly introduced CSampler makes the Accuri C6 Flow Cytometer suitable for high throughput applications, further extending its potential market reach.

"Customer response in the Accuri C6 Flow Cytometer's first year on
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SOURCE Accuri Cytometers, Inc.
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