What is Elemental Machines?
Elemental Machines is a leading provider of data collection and reporting technology solutions tailored for researchers and clinicians globally. The Cambridge-based company specializes in equipping laboratories with universal cloud-based dashboards and comprehensive sensor systems. These tools are designed to integrate data from all laboratory assets and metrics, regardless of location, thereby enabling universal data collection, facilitating seamless information sharing, and providing turnkey reporting capabilities. This unified approach empowers scientific and clinical professionals to streamline their workflows and accelerate discoveries.
How much funding has Elemental Machines raised?
Elemental Machines has raised a total of $54.9M across 5 funding rounds:
Private Equity
$2.3M
Angel/Seed
$2.5M
Series A
$9M
Debt
$150K
Series B
$41M
Private Equity (2015): $2.3M, investors not publicly disclosed
Angel/Seed (2016): $2.5M led by Rock Health companies, Project 11 Ventures, 2M Companies, and FF Angel
Series A (2018): $9M supported by Digitalis Ventures
Debt (2020): $150K featuring PPP
Series B (2022): $41M backed by Omega Venture Partners, Gutbrain Ventures, Sageview Capital, and Digitalis Ventures
Key Investors in Elemental Machines
Omega Venture Partners
Omega Venture Partners is a premier technology investment firm based in Silicon Valley, specializing in investing in rapidly growing software businesses that utilize AI, ML, Data, and Automation. The firm focuses on early-growth stage companies that have shown traction and product-market fit, providing strategic resources and counsel to help them scale.
Gutbrain Ventures
Gutbrain Ventures is an independent venture firm led by Bob Davoli, specializing in investments primarily in enterprise software companies. With 30 years of experience, the firm is known for its successful track record and deep understanding of market dynamics, technology, and entrepreneurship.
Sageview Capital
Sageview Capital is a growth focused investment firm that partners with founders of software and tech enabled businesses, providing long term capital, operating expertise and a deep executive network to help build enduring category leading companies.
What's next for Elemental Machines?
The substantial enterprise-level backing signifies a critical growth phase for Elemental Machines. This strategic investment is expected to fuel further innovation in their cloud-based data solutions and expand their market reach within the scientific and healthcare communities. The company is poised to enhance its offerings, potentially integrating advanced analytics and AI capabilities to provide deeper insights from the unified data streams. This capital infusion will likely support scaling operations, strengthening partnerships, and solidifying its position as a trusted technology supplier in a competitive landscape.
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