908 Devices Receives $7 Million in Series B Funding
News Sep 11, 2013
908 Devices' funding includes new investment from Schlumberger and follow-on investments from ARCH Venture Partners, Razor’s Edge Ventures and University of Tokyo Edge Capital (UTEC). In addition, 908 Devices and Schlumberger signed a technical collaboration and development agreement to apply 908 Devices’ technology to a number of applications in the oil and gas industry. 908 Devices expects this multi-year agreement to bring both development and product revenues to the company.
“These latest investments are a strong validation that High Pressure Mass Spec (HPMS) is a true platform with transformative impact across chemical analysis,” said Dr. Kevin J. Knopp, CEO and co-founder of 908 Devices. “Many of the new capabilities produced under our development agreement will also benefit our core safety and security customers and at the same time it opens an exciting new market for us. We could not ask for a better collaborator than Schlumberger, the world leader in oil and gas services, whose capabilities and technical know-how are unparalleled.”
With High Pressure Mass Spectrometry (HPMSTM), 908 Devices is producing simple and purpose-built, battery-powered tools untethered from permanent facilities or mobile laboratories. Truly handheld, weighing only a few pounds and extremely rugged, these analyzers are far beyond the complex ‘luggable’ systems available today. These systems give non-specialist field personnel analysis with extreme sensitivity – to the part-per-billion level – while simultaneously distinguishing hundreds of different chemicals.
From Poop to PaperNews
It’s likely not the first thing you think of when you see elephant dung, but this material turns out to be an excellent source of cellulose for paper manufacturing in countries where trees are scarce, scientists report. And in regions with plenty of farm animals such as cows, upcycling manure into paper products could be a cheap and environmentally sound method to get rid of this pervasive agricultural waste.READ MORE
'Royal' Pheromone Identified in TermitesNews
Researchers have for the first time identified a specific chemical used by the higher termite castes – the queens and the kings – to communicate their royal status with worker termites. The findings could advance knowledge of termite evolution, behavior and control.READ MORE
Comments | 0 ADD COMMENT
11th International Conference and Exhibition on Metabolomics & Systems Biology
May 17 - May 19, 2018