Advertisement
![Picture [iito] Männer Ballett 650x80px](/banner/iito-business-intelligence-20200507-650-080-summer-banner-series-maenner-ballett.jpg)
Document › Details
908 Devices, Inc.. (4/29/19). "Press Release: 908 Devices Secures $17.5 Million in Growth Funding". Boston, MA.
![]() |
Organisation | 908 Devices Inc. (Nasdaq: MASS) |
Organisation 2 | Northpond Ventures | |
![]() |
Product | MX908™ handheld mass spectrometer |
Product 2 | venture capital | |
![]() |
Person | Kedar, Sharon (Northpond Ventures 201904 Partner + Co-Founder) |
Person 2 | Knopp, Kevin J. (908 Devices 201303 CEO + Co-founder before Thermo Fisher + Ahura Scientific) | |
Additional investments to energize existing market growth and accelerate new product development
908 Devices, a pioneer of analytical devices for chemical and biomolecular analysis, today announced it has closed $17.5 million in a growth equity funding round. This Series E funding brings the company's total to $70M, making 908 Devices the most well-resourced upstart in the multibillion-dollar mass spectrometry market.
The round was led by Northpond Ventures, a global venture capital firm dedicated to science and technology. Northpond's Sharon Kedar, a Co-Founder and Partner at the firm, will join the 908 team as a Board member. New capital also comes from Sands Capital Ventures, a venture capital firm investing in innovative and scalable businesses that have the potential to become market leaders. Coupled with follow-on investments from ARCH Ventures, Razor's Edge Ventures, Saudi Aramco Energy Ventures, Schlumberger, Tao Capital Partners, and Casdin Capital, 908 Devices is poised to continue its high growth trajectory with laser focus on forging long-term partnerships with customers.
"The tools developed by 908 Devices are becoming widely adopted in both the life science and field forensic markets, where we believe the company is uniquely positioned. We're impressed with the company's pipeline, their innovation roadmap, and the market potential for new products," said Sharon Kedar, Co-Founder and Partner at Northpond Ventures. "It's exciting to join a team this talented and to be an active contributor to their continued growth."
908 Devices continues to experience increased demand for its purpose-built devices. ZipChipTM, a game changing front-end separation device for enhanced mass spectrometry analysis, is being used in the research and development of critical biotherapeutics and has been adopted by all of the top 10 global biopharmaceutical companies. The MX908TM, a rugged handheld chemical detection device, is utilized by first response and military organizations around the world for critical time-sensitive applications such as trace-level detection of fentanyl, synthetic opioids and other priority chemical threats.
"We are both insanely proud and incredibly humbled by the support and trust of our investors," said Dr. Kevin J. Knopp, CEO and Co-Founder of 908 Devices. "This new infusion of capital will be used to deepen application support and broaden the capabilities of our MX908 and ZipChip product lines. It will also accelerate the development of additional tools – including a radical new life science device we are geared up to launch later this year."
To learn more about 908 Devices, visit http://908devices.com/ or email info@908devices.com. You can also follow us on Twitter at @908Devices and on LinkedIn at https://www.linkedin.com/company/908-devices.
About 908 Devices
We make point-of-need-devices ranging from rugged, handheld chemical detection tools to compact, tiny footprint analyzers and fast separation devices. These uncomplicated purpose-built devices provide users with the power to redefine their workflows by getting actionable answers when and where they need them. Our devices are being used for critical applications across the globe in the life sciences and field forensic markets. 908 Devices is headquartered in the heart of Boston where we research, design and manufacture innovative products based on high-pressure mass spectrometryTM (HPMS) and microfluidic separation technology. For more information, visit 908devices.com.
Record changed: 2019-04-29 |
Advertisement

More documents for 908 Devices Inc. (Nasdaq: MASS)
- [1] 908 Devices, Inc.. (12/18/20). "Press Release: 908 Devices Announces Pricing of Initial Public Offering"....
- [2] 908 Devices, Inc.. (8/12/19). "Press Release: 908 Devices Launches the Rebel, the First At-line Spent Cell Media Analyzer for Bioprocess Labs". Boston, MA....
- [3] 908 Devices, Inc.. (7/25/19). "Press Release: 908 Devices Poised to Modernize Upstream Bioprocess Analytics with a Grant from the National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL)". Boston, MA....
- [4] 908 Devices, Inc.. (6/14/19). "Press Release: 908 Devices Addresses Emerging Novichok Nerve Agent Threat, Expands Capabilities for MX908 Chemical Detection Device". Boston, MA....
- [5] 908 Devices, Inc.. (6/3/19). "Press Release: 908 Devices Broadens the ZipChip Platform, Brings New Capability to Biotherapeutics Researchers". Boston, MA....
- [6] 908 Devices, Inc.. (1/9/19). "Press Release: 908 Devices’ High-Pressure Mass Spectrometry (HPMS) Technology to Power Next-Generation Advanced Chemical Threat Detector for U.S. Department of Defense". Boston, MA....
- [7] 908 Devices, Inc.. (10/23/18). "Press Release: 908 Devices' MX908 Out-designs Designer Drugs. Unlocks Detection Capabilities for more than 2000 Fentanyl Variants". Boston, MA....
- [8] 908 Devices, Inc.. (7/10/18). "Press Release: 908 Devices and Hangzhou Just Biotherapeutics Announce Joint Innovation Partnership. ZipChip Platform Makes Market Entry in China". Boston, MA....
- [9] 908 Devices, Inc.. (6/4/18). "Press Release: 908 Devices Expands ZipChip Application in Drug Discovery. Industry-leading Mass Spectrometers Added to Compatibility Roster". Boston, MA....
- [10] 908 Devices, Inc.. (5/29/18). "Press Release: 908 Devices Bolsters Life Science Leadership, Welcomes Nicolas Barthelemy to Board of Directors". Boston, MA....
To subscribe to our free, monthly mass spectrometry newsletter, please send an e-mail to info@iito.de and simply fill the subject line with the word »MSC Newsletter«
To get even more information, please take a look at our [gs] professional services offering and read the gene-sensor Product Flyer [PDF file]
Please visit also our web portals for the Eurpean life sciences and the life sciences in German-speaking Europe (DE, AT & CH) at Life-Sciences-Germany.com and Life-Sciences-Europe.com
Advertisement

» top