SciAps, a Woburn, MA-based provider of handheld analytical instruments for use in industrial, service/security, and mining markets to identify and analyze compounds, minerals and elements, raised $4.3m in equity funding.
The round was led by new investor Jolimont Global Mining Systems with participation from Rand Capital, and other existing investors including SciAps CEO and Founder Donald Sackett, as well as two additional new investors.
The company intends to use the funds to scale its global sales and marketing operations and to accelerate the development of its product line.
Founded in 2012, SciAps is an instrumentation company specializing in handheld instruments that are used to identify compounds, minerals, and elements, both on-site and in real-time. The company’s flagship product for the mining sector is the LIBZ Z – a family of handheld elemental analyzers using the spectroscopic technique known as laser-induced breakdown spectroscopy (LIBS).
Manufacturing, service and customer support are operated from a fully ISO-certified facility in Laramie, WY.