SciAps Announces Successful Series B Funding Round
SciAps, Inc., the leading provider of handheld analytical instruments, today announced it has closed a $4.3 million Series B funding round.
New investor Jolimont Global Mining Systems Jolimont Global led the round with strong participation from existing investors Gefinor Ventures, Rand Capital and SciAps CEO and Founder Donald Sackett, and from new investors Enhanced Capital and Corn Bay Associates.The funding round follows the successful launch of SciAps LIBS instruments and will accelerate the planned development of a range of high performance handheld analyzers.As part of the funding, Charles Gillies, Chief Investment Officer at Jolimont Global will join SciAps’ board of directors. The Company will use the funding to scale its global sales and marketing operations and to accelerate the development of its product line, which includes its flagship Laser Induced BreakdownA disruptive discharge through insulation. If plain dielectricThe insulating material between the plates of the capacitor. The material is chosen for its ability to permit electrostatic attraction and repulsion to take place across it. The material will have the property that energy required to establish an electric field is recoverable in whole or in part, as electric energy. In other words, a good dielectric material is a poor conductor of electricity while being an effective supporter of electrostatic fields. films are used, this is usually catastrophic. If metallized films are used, self-healing should maintain the capacitor’s integrity. Spectroscopy LIBS instruments along with its RAMAN, and Near Infrared NIR instruments. Customers using SciAps line of high performance handheld instruments can detect and analyze any element, compound or mineral anywhere on the planet at any time.