By Elemental Machines
The Internet of Things (IoT) products – like a Bluetooth speaker showerhead or refrigerator that orders things directly from the internet – may seem like gimmicky holiday gift ideas. But this company has found a practical use case for the new technology: Elemental Machines, a lab operations intelligence platform, has just raised $41 million in a Series B funding round. The company is helping biotech labs streamline their operations and potentially save millions of dollars for companies by controlling environmental variables.
Read the full article published on December 18, 2022 by John Cumbers on Forbes.