What is Liquid Instruments?
Liquid Instruments is a pioneer in the field of software-reconfigurable hardware, fundamentally redefining how professionals approach test and measurement. Through its flagship Moku product line—including Moku:Pro, Moku:Lab, and Moku:Go—the company provides integrated, flexible instruments that replace traditional, static hardware. This approach allows users to perform sophisticated measurements and data analysis with unprecedented ease and agility. By targeting high-growth sectors such as aerospace, optics, AI, and advanced education, Liquid Instruments has established itself as a vital partner for organizations requiring rapid prototyping and high-fidelity experimental capabilities. Their platform-agnostic software architecture ensures that users can adapt to evolving technical requirements without the need for costly hardware replacements.
How much funding has Liquid Instruments raised?
Liquid Instruments has raised a total of $112.5M across 6 funding rounds:
Series A
$8.2M
Debt
$150K
Other Financing Round
$13.7M
Series B
$28.5M
Other Financing Round
$12M
Series C
$50M
Series A (2019): $8.2M with participation from Anzu Partners
Debt (2020): $150K led by PPP
Other Financing Round (2021): $13.7M supported by F1 Solutions, Moelis Australia, ANU Connect Ventures, and Anzu Partners
Series B (2022): $28.5M featuring Acorn Capital Investment Fund, Lockheed Martin Ventures, and Powerhouse Ventures
Other Financing Round (2024): $12M backed by Breakthrough Victoria, Lockheed Martin Ventures, Acorn Capital Investment Fund, and Powerhouse Ventures
Series C (2026): $50M with participation from Keysight and NRFC
Key Investors in Liquid Instruments
Keysight
Keysight Technologies is a leading American electronic measurement and test solutions provider that designs and manufactures advanced test, measurement, and electronic design automation products for global industries.
NRFC
The National Reconstruction Fund Corporation is an Australian Government initiative providing finance to diversify and transform industry through high-value projects in medical science, renewable technologies, and advanced manufacturing.
Anzu Partners
Anzu Partners is an investment firm focused on breakthrough technologies in clean tech, industrial, and life sciences sectors, providing expertise in business development and market positioning to accelerate growth.
What's next for Liquid Instruments?
With the successful closure of this major enterprise-level funding, Liquid Instruments is well-positioned to accelerate its global expansion and deepen its R&D capabilities. The strategic involvement of industry-leading backers suggests a focus on scaling production and enhancing the software ecosystem that powers the Moku platform. Moving forward, the company is expected to prioritize the integration of its technology into broader industrial workflows, particularly within the defense and semiconductor sectors. By maintaining its focus on software-defined flexibility, Liquid Instruments is poised to capture additional market share, effectively bridging the gap between academic research and commercial-grade industrial application.
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