Elemental Machines: Raises $41M in Series B Funding

Elemental Machines Raises $41M in Series B Funding

• 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
• ElementalMachines 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, ElementalMachines has supported over 500 life sciences customers