Elemental Partners With PerkinElmer, Lands $9M in VC Bucks
Summary
[Updated, 10/3/18, 1:35pm, to clarify the customer relationship] Elemental Machines is a startup making progress in a challenging field. The Cambridge, MA-based startup is announcing today that PerkinElmer (NYSE: PKI), the diagnostics, life science, and environmental testing giant headquartered in Waltham, MA, will use Elemental’s software as part of its Asset Genius product, which helps pharma and biotech companies monitor lab equipment and how it’s used. Elemental’s software takes in a wide range of sensor information (things like temperature and air pressure), stores it, and analyzes it to help labs and other organizations run their processes more effectively. Elemental Machines also said today it closed a $9 million Series A funding round during the summer, led by new investor Digitalis Ventures, which is based in New York. As its tech platform matures, the company is also expanding beyond pharma and life sciences into other sectors, such as indoor agriculture (think cannabis farms) and manufacturing.
