Liquid Instruments Raises $8.16M in Series-A Funding Round

Liquid Instruments, the developer of Moku:Lab, the software-configurable hardware platform for precision test and measurement and advanced digital signal processing, today announced that it has raised $8.16 million (USD) in a Series A funding round. The round was led by US-based Anzu Partners and includes follow-on investor ANU Connect Ventures in Australia.

The funding will be used to accelerate Liquid Instruments’ product development as the company continues its growth in the education, research and industrial measurement markets in the US, Europe and Asia.

Liquid Instruments was founded in 2014 by a team of experimental physicists and engineers, including former researchers from NASA’s Jet Propulsion Laboratory, with expertise in precision measurement and gravitational wave detector instrumentation. The company's flagship product, Moku:Lab, integrates 12 precision test and measurement instruments into a single, compact hardware device using a field-programmable gate array (FPGA)-based software-reconfigurable platform.

“We started Liquid Instruments because we were frustrated with how little innovation there had been in test and measurement equipment,” said Prof Daniel Shaddock, CEO of Liquid Instruments. “Labs today often look the same as they did thirty years ago because they are using the same oscilloscopes, spectrum analyzers, waveform generators, and other conventional instruments – much like if businesses still used calculators and typewriters instead of computers. We designed Moku:Lab with the idea of taking the best in modern user interface design and bringing it to the test and measurement industry, while utilizing powerful digital signal processing to build multiple system capabilities into a single hardware device.”

Moku:Lab is controlled through Liquid Instruments' iPad App, or its LabVIEW, Python and MATLAB APIs (Application Programming Interfaces).

“We remain deeply focused on improving user workflow,” said Shaddock. “With Moku:Lab, users can save data to the cloud, analyze results right from the device, and use intuitive features to help them complete tasks much faster than with legacy instruments.”

“To replicate all that Moku:Lab can deliver would require tens of thousands of dollars in separate equipment purchases and significantly more lab space to house it all,” said Shaddock. “Moku:Lab’s suite of precision instruments, mobile form factor, and modern user interface allows scientists and engineers to significantly reduce labs costs and space, while improving the efficiency and accuracy of their test and measurement data collection and analysis.”

Australian National University Vice-Chancellor and Nobel Prize winning physicist Professor Brian Schmidt AC said Liquid Instruments is a leading example of the commercial benefits of scientific research.

"This technology was originally developed to detect gravitational waves in one of the most sensitive measurement devices ever constructed,” said Schmidt. “Now Professor Shaddock and his team are sharing this tech with the scientists and engineers of the world to help unlock the next wave of great discoveries.”

Liquid Instruments to Exhibit at Photonics West

Liquid Instruments will be exhibiting at SPIE BIOS 2019 (Booth #8259) and SPIE Photonics West 2019 (Booth #5664), February 2-7 at the Moscone Center in San Francisco.

About Liquid Instruments

Liquid Instruments develops precise test and measurement equipment that enables scientists, engineers, and students to acquire data, generate signals, and control their experiments. The company's flagship product, Moku:Lab, integrates 12 unique instruments into a single, compact hardware device.

About Anzu Partners

Anzu Partners is a venture capital and private equity firm that invests in breakthrough industrial technologies. Anzu teams with entrepreneurs to develop and commercialize technological innovations by providing capital and deep expertise in business development, market positioning, global connectivity, and operations. For more information, please visit anzupartners.com. On Twitter: @anzupartners.

About ANU Connect Ventures

ANU Connect Ventures manages two funds: The Discovery Translation Fund which aims to support research with commercial potential from The Australian National University, the University of Canberra and Charles Sturt University in undertaking crucial proof-of-concept work; and the $37 million Seed Investment fund for the ANU-MTAA Super Venture Capital Partnership. For more information, please visit: anuconnectventures.com.au.