Elemental Machines, a Cambridge, MA-based developer of a LabOps intelligence platform, raised $41M in Series B funding.
The round was led by Sageview Capital and Omega Venture Partners, with participation from Gutbrain Ventures and Digitalis Ventures.
The company intends to use the funds to accelerate commercial growth in research, clinical, and quality control laboratory operations (LabOps), servicing a growing $60 billion market.
Led by Sridhar Iyengar, PhD, founder and CEO, Elemental Machines is a data collection and reporting technology supplier to labs around the world. The company equips labs with universal cloud-based dashboards and sensors that unite data from asset, metric, and location, enabling collection, seamless sharing, and reporting.
To date, Elemental Machines has supported over 500 life sciences customers.
FinSMEs
11/11/2022