Acorn Capital
Assembly Line
Liquid Instruments Raises $28.5 Million to Revolutionize Technology Development with Software-Defined Test Instrumentation
Liquid Instruments, an innovator in precision software-defined instrumentation, announced that it has secured $28.5 million in Series B funding led by Acorn Capital. The round also includes participation from new investors, including Lockheed Martin Ventures and Powerhouse Ventures, in addition to existing investors, Spirit Super/ANU Connect Ventures, MA Growth Ventures, Significant Capital Ventures, and Boman Enterprises. The funding enables Liquid Instruments to accelerate its growth plans, expand its product line and introduce novel services that connect lab measurements directly to the cloud, and brings Liquid Instruments’ total funding to more than $50 million.
Conflux Technology secures AUD$8.5m funding in Series A round
Metal additive manufacturing firm Conflux Technology has raised AUD$8.5m in its Series A investment round. The company, which uses metal 3D printing technology to develop heat exchangers for the aerospace, microelectronics, energy and automotive sectors, has attracted investment from AM Ventures and Acorn Capital.
AM Ventures initially provided funding to Conflux Technology back in 2017, with the company immediately expanding its workforce and going on to service customers in a range of industries and geographies with additively manufactured heat exchangers. These heat exchangers are said to exhibit an enhanced performance, with improvements to heat transfer and pressure drop, and significant savings in weight and space.
Having proved out additive manufacturing’s capacity to develop improved heat exchanger components and successfully delivered them into a variety of vertical markets, AM Ventures, along with Acorn Capital, have been persuaded to provide a further cash injection into Conflux Technology.
“The investments will enable us to significantly increase our capacity and capability,” commented Conflux Technology founder and CEO Michael Fuller. “We will be increasing the number of metal AM machines and investing in the latest series-production platforms, continuing to grow our team and furthering our vertical integration with final post-processing of parts. Our transformation from research and development to a fully-fledged production facility is now in action. It’s exciting to be able to advance our offering and expedite long-held plans.”