Liquid Instruments secures $12M in funding from Breakthrough Victoria and other investors to expand manufacturing and accelerate technology development in Australia
2024年6月19日 - 10:00PM
ビジネスワイヤ(英語)
Growth investment will help the company build new manufacturing
partnerships, drive talent acquisition, and strengthen product
capabilities
Liquid Instruments, a leading innovator of reconfigurable test
instrumentation, today announced that it has secured a new round of
funding totaling $12 million, led by a $10 million investment from
Breakthrough Victoria, with other investors including Lockheed
Martin Ventures, Acorn Capital, and Powerhouse Ventures. This
funding will enable Liquid Instruments to significantly expand its
manufacturing operations in Australia, establish a new office in
Melbourne, and scale its global operations while supporting
regional economic growth.
Founded in Australia in 2014, Liquid Instruments develops
reconfigurable test and measurement devices to support and
accelerate critical scientific research and development in a range
of applications, from optics and photonics to aerospace and
defense. The company’s flexible Moku platform leverages the
processing power and versatility of field-programmable gate arrays
(FPGAs) to integrate a complete suite of test instruments — from
bench essentials like an oscilloscope to advanced tools like a
lock-in amplifier — into a single, compact device. Liquid
Instruments’ technology is rooted in decades of fundamental
research at leading Australian universities, as well as the
Australia-based ARC Centre of Excellence for Gravitational Wave
Discovery, and NASA’s Jet Propulsion Laboratory in the United
States.
“We are super excited to expand into Victoria,” said Daniel
Shaddock, co-founder and CEO of Liquid Instruments. “This
investment will allow us to strengthen and grow our manufacturing
partnerships in Australia and forge new collaborations with
researchers from world-class institutions at the forefront of
technology development, including the University of Melbourne, RMIT
University, Swinburne University of Technology, and Monash
University.”
Breakthrough Victoria provides capital to businesses that
improve lives and stimulate economic growth in Australia, focusing
on the state of Victoria. This investment underscores the
importance of manufacturing as a key driver of national strategic
importance and economic development in Australia.
Liquid Instruments is already working with Victorian partners to
manufacture its products, and the company will expand these efforts
considerably in the next 12 months, both by onshoring existing
manufacturing activities from abroad, and developing new
manufacturing lines for its highly anticipated next-generation
device. With this funding, Liquid Instruments will be able to scale
local manufacturing of Moku devices in Australia while recruiting
top engineering and manufacturing talent. The company plans to hire
dozens of new Melbourne-based employees in high-tech roles,
including artificial intelligence, machine learning, computer
science, and advanced manufacturing.
Additionally, Liquid Instruments will expand its internship
program, targeting students from Victorian universities. This
initiative will provide undergraduate and graduate students with
invaluable real-world experience, working alongside Liquid
Instruments scientists and engineers on cutting-edge technology
development.
“The impact of Breakthrough Victoria’s investment in Liquid
Instruments will be felt across various levels of the state’s
innovation sector, from stronger manufacturing capability in
Victoria, to cost-effective lab solutions for researchers,
engineers, and students, in a single piece of hardware,” said Grant
Dooley, CEO of Breakthrough Victoria.
Tim Pallas, minister for economic growth in Victoria, echoed
Dooley’s sentiments.
“We are growing our economy and attracting new industry by
investing in companies like Liquid Instruments — creating new jobs
in advanced manufacturing and artificial intelligence,” he
said.
About Liquid Instruments
Most test environments are unique and require customized
configuration and careful optimization of multiple instruments,
adding cost and time upfront and throughout the test cycle. Liquid
Instruments’ reconfigurable Moku is the only test solution that is
engineered and optimized for friction-free customization in both
simple tests and complex multi-instrument environments. In hundreds
of labs around the world, Moku has accelerated the timeline of
crossing from idea to implementation by an order of magnitude,
reducing the time and cost of advanced research and development.
Because our reconfigurable Moku test solutions are engineered by a
team of distinguished research scientists to be easy to use and
versatile, they deliver efficiency gains in the most complex test
scenarios today and meet your ongoing needs in the future.
Experience Moku cost-free by requesting a demo today at
liquidinstruments.com.
About Breakthrough Victoria
Breakthrough Victoria is an investment company established in
2021 to manage the Victorian Government’s Breakthrough Victoria
Fund. We invest for impact — supporting companies to commercialize
new technologies and innovations that will create jobs and
investment in Victoria and have a positive impact on people’s
lives.
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