SAN DIEGO and CANBERRA, Australia, May 19, 2021 (GLOBE NEWSWIRE) – Today, Liquid instruments, software-defined instrumentation innovator announced raising $ 13.7 million in new funding backed by existing investors Anzu Partners and ANU Connect Ventures as well as new investors F1 Solutions and the growth capital fund from Moelis Australia. The company has raised these funds to accelerate the global adoption of Moku: Go, a new portable engineering lab solution created to support distance education in the face of the COVID-19 pandemic.
âWe have proven the benefits of software-defined instrumentation, and it is now clear to our users and investors that the transition from a hardware market to a software industry is well underway,â said Daniel Shaddock, CEO and co-founder of Liquid Instruments. “This new architecture opens up opportunities in the education, R&D and industrial markets and these funds will allow us to offer a portfolio of new products on a large scale.”
The funding follows the launch of Moku: Go, which the company says will democratize science and engineering education in universities around the world. Moku: Go bundles eight test instruments into one device, including an oscilloscope, programmable power supply, PID controller, digital logic analyzer, arbitrary waveform generator, data logger, and spectrum analyzer .
To support the company’s business growth in new markets and verticals, Liquid Instruments has appointed Saar Gillai as chair of its board of directors. Former vice president and general manager of HPE Communications, as well as senior vice president of HP Cloud, Gillai’s career has focused on scaling operations to accelerate growth and revenue. An accomplished senior technology executive, Gillai currently sits on the boards of Xilinx and Semtech. Gillai also personally participated in the fundraising round.
âI am delighted to be working with such a talented group of people who are revolutionizing the test and measurement space, helping engineering students and enthusiasts advance their careers and achieve their dreams while bringing user-friendliness to the test level. consumers to professional labs, âsaid Gillai.
Patti Key, former senior vice president of sales at Keysight Technologies, has joined Liquid Instruments as a member of its advisory board. Key has a proven track record in building successful sales organizations. His leadership and problem-solving skills have helped several companies through various stages of growth, including test and measurement leaders Ixia, Agilent Technologies and Hewlett Packard. His passion for innovation in business and technology, combined with his deep understanding of technical buyers, provides him with a unique foundation to effectively guide senior management in high tech companies.
âWe are delighted that Saar is assuming the role of Chairman and welcome Patti to the management team of Liquid Instruments,â said David Seldin, Managing Partner at Anzu Partners. âThis investment, combined with Saar’s appointment as chairman of the board and Patti’s industry expertise, provides the springboard for the implementation of the company’s strategic vision.
For more information on Liquid Instruments and its full line of products, please visit https://liquidinstruments.com.
About liquid instruments
Liquid Instruments is a leader in software-defined precision instrumentation and is changing the way students, scientists and engineers learn, research and work. Their line of software hardware solutions harness the computing power of FPGAs to create highly customizable instrumentation to control experiments and acquire and analyze data. The team’s IP in software-defined hardware allows Moku products to be dynamically reconfigured in the field, serving a wide range of experimental and process control applications. Moku: Lab is used by hundreds of leading R&D institutions around the world and brings together high performance instruments in a compact, intuitive and versatile device.
For more information, please visit https://liquidinstruments.com.
Code word for liquid instruments