# Elemental Machines

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elemental-machines

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.elementalmachines.com
- Total disclosed funding: $44M
- Latest round: Series B (Nov 2, 2022)
- Investors on record: 8

## About

Elemental Machines, Inc. delivers innovative Internet of Things (IoT) solutions that enhance connectivity in laboratory and manufacturing settings, focusing on real-time data monitoring and operational efficiency.Elemental Machines, Inc. provides IoT solutions tailored for laboratories and manufacturing environments. Founded in 2015 in Cambridge, US, the company has undergone significant development since inception. The founders, Gary Tsai and Sridhar Iyengar, have built the company into a notable entity in the sector. The company has raised USD 41.88 mn through various funding rounds, with the latest being a Series B round on November 2, 2022, co-led by Omega Venture Partners and Sageview Capital, along with participation from Digitalis Ventures and Gutbrain Ventures. Elemental Machines has raised a total of USD 41.88 mn, currently valuing the company at USD 137.04 mn.Elemental Machines specializes in Internet of Things (IoT) solutions that redefine connectivity within laboratory and manufacturing environments. The company's core offerings include seamlessly integrated hardware, software, and data science solutions. These solutions monitor critical variables such as temperature, humidity, and equipment conditions to ensure operational integrity and efficiency across various sectors, including research and development, manufacturing, academia, and government services. Elemental Machines employs a configurable system that allows clients to tailor alerts and monitoring capabilities to their unique operational requirements, with products sold across North America, Europe, and Asia, catering to a diverse clientele ranging from biotech firms to academic institutions.Elemental Machines generates revenue primarily through subscription-based models and direct partnerships with clients. Clients access the company's comprehensive monitoring solutions and analytics platform, vital for managing laboratory and manufacturing operations. Revenue transactions typically involve annual or monthly subscriptions for real-time data monitoring and alert systems. The pricing structure accommodates varying service levels based on equipment integration and data analytics needs, with flagship products like the lab monitoring system and predictive analytics tools playing a critical role in the financial model, enabling clients to optimize resource management and ensure compliance with industry standards.In November 2022, Elemental Machines, Inc. raised USD 41.88 mn in Series B funding to support the expansion of its operations in the market. The company plans to develop and launch new products aimed at enhancing its IoT solutions, with specific timelines yet to be announced. Additionally, Elemental Machines is targeting expansion into new geographic regions beyond its current markets, though specific markets have yet to be detailed. The funding will facilitate these growth initiatives as the company seeks to enhance its product offerings and capture a broader client base.

## Funding rounds

- Series B, Nov 2, 2022, $42M — Sageview Capital, Digitalis Ventures, Omega Venture Partners, Gutbrain Ventures
- Seed, Feb 3, 2016, $2.5M — Founders Fund, 2M Companies, Rock Health, Project 11 Ventures

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- 2M Companies (https://capitalatlas.ai/funds/2m-companies) — Seed
- Rock Health (https://capitalatlas.ai/funds/rock-health) — Seed
- Project 11 Ventures (https://capitalatlas.ai/funds/project-11-ventures) — Seed
- Sageview Capital (https://capitalatlas.ai/funds/sageview-capital) — Series B
- Digitalis Ventures (https://capitalatlas.ai/funds/digitalis-ventures) — Series B
- Omega Venture Partners (https://capitalatlas.ai/funds/omega-venture-partners) — Series B
- Gutbrain Ventures (https://capitalatlas.ai/funds/gutbrain-ventures) — Series B