Advanced Liquid Logic, Inc., a Research Triangle Park, North Carolina-based life science technology company providing workflow solutions to laboratories and clinics, received a credit facility from Square 1 Bank.
The amount of the deal was not disclosed.
The company intends to use the funds for product development.
Founded in 2004 and led by Richard West, President and CEO, Advanced Liquid Logic leverages proprietary digital microfluidics technology to create newborn screening and genomics sample preparation products. It is also developing in vitro diagnostics.
The company also has additional facilities in Grenoble, France.