What is Elemental Machines?
Elemental Machines is a specialized technology supplier focused on providing robust data collection and reporting solutions tailored for researchers and clinicians globally. The Cambridge-based company offers universal cloud-based dashboards and integrated sensors designed to unify data from diverse laboratory assets and metrics. This comprehensive approach enables seamless data sharing and turnkey reporting, thereby enhancing operational efficiency and scientific discovery within research and clinical environments.
How much funding has Elemental Machines raised?
Elemental Machines has raised a total of $60.6M across 6 funding rounds:
Private Equity
$2.3M
Angel/Seed
$2.5M
Series A
$9M
Debt
$150K
Series B
$41M
Private Equity
$5.7M
Private Equity (2015): $2.3M, investors not publicly disclosed
Angel/Seed (2016): $2.5M led by Rock Health companies, FF Angel, 2M Companies, and Project 11 Ventures
Series A (2018): $9M supported by Digitalis Ventures
Debt (2020): $150K featuring PPP
Series B (2022): $41M backed by Sageview Capital, Digitalis Ventures, Omega Venture Partners, and Gutbrain Ventures
Private Equity (2026): $5.7M, investors not publicly disclosed
Key Investors in Elemental Machines
Digitalis Ventures
Digitalis Ventures is a venture capital firm that engineers solutions for unmet health needs, investing in biotechnology and technology-enabled solutions to improve human and animal health. They focus on creatively financing, building, and scaling enduring enterprises.
Rock Health companies
Rock Health supports entrepreneurs at the intersection of healthcare and technology, aiming to make healthcare significantly better by driving down costs and improving services. They focus on impactful change and innovation in the healthcare system.
FF Angel
FF Angel, associated with Founders Fund, invests in important and valuable companies across all sectors and stages, providing founder-friendly support. Their partners have a history of backing successful tech giants.
What's next for Elemental Machines?
With its recent major strategic investment and substantial overall funding, Elemental Machines is poised for significant expansion and innovation. The company's focus on unifying disparate data sources within laboratory settings positions it to capitalize on the increasing demand for integrated, cloud-based research infrastructure. Future growth is likely to involve further development of its sensor technology, expansion of its cloud platform capabilities, and deeper penetration into global research and clinical markets. The strategic backing suggests a clear path towards scaling operations and solidifying its market leadership in providing essential data intelligence for scientific advancement.
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