{"id":18787,"date":"2024-06-19T13:47:16","date_gmt":"2024-06-19T13:47:16","guid":{"rendered":"https:\/\/liquidinstruments.com\/?p=18787"},"modified":"2024-10-18T22:37:17","modified_gmt":"2024-10-18T22:37:17","slug":"liquid-instruments-secures-12m-in-funding-from-breakthrough-victoria-and-other-investors-to-expand-manufacturing-and-accelerate-technology-development-in-australia","status":"publish","type":"post","link":"https:\/\/liquidinstruments.com\/news-updates\/liquid-instruments-secures-12m-in-funding-from-breakthrough-victoria-and-other-investors-to-expand-manufacturing-and-accelerate-technology-development-in-australia\/","title":{"rendered":"Liquid Instruments secures $12M in funding for growth, led by Breakthrough Victoria","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

SAN DIEGO and CANBERRA, Australia \u2014 June 19, 2024 \u2014<\/b> Liquid Instruments, a leading innovator of reconfigurable test instrumentation, today announced that it has secured a new round of funding totaling $12 million, led by a $10 million investment from Breakthrough Victoria<\/a>, with other investors including L<\/a>ockheed Martin Ventures, Acorn Capital, and Powerhouse Ventures. This funding will enable Liquid Instruments to significantly expand its manufacturing operations in Australia, establish a new office in Melbourne, and scale its global operations while supporting regional economic growth.<\/span><\/p>\n

Founded in Australia in 2014, Liquid Instruments develops reconfigurable test and measurement devices to support and accelerate critical scientific research and development in a range of applications, from optics and photonics to aerospace and defense. The company\u2019s flexible Moku<\/a> platform leverages the processing power and versatility of field-programmable gate arrays (FPGAs) to integrate a complete suite of test instruments \u2014 from bench essentials like an oscilloscope to advanced tools like a lock-in amplifier \u2014 into a single, compact device. Liquid Instruments\u2019 technology is rooted in decades of fundamental research at leading Australian universities, as well as the Australia-based ARC Centre of Excellence for Gravitational Wave Discovery<\/a>, and NASA\u2019s Jet Propulsion Laboratory<\/a> in the United States.<\/span><\/p>\n

\u201cWe are super excited to expand into Victoria,\u201d said Daniel Shaddock, co-founder and CEO of Liquid Instruments. \u201cThis investment will allow us to strengthen and grow our manufacturing partnerships in Australia and forge new collaborations with researchers from world-class institutions at the forefront of technology development, including the University of Melbourne, RMIT University, Swinburne University of Technology, and Monash University.\u201d<\/span><\/p>\n

Breakthrough Victoria provides capital to businesses that improve lives and stimulate economic growth in Australia, focusing on the state of Victoria. This investment underscores the importance of manufacturing as a key driver of national strategic importance and economic development in Australia.\u00a0<\/span><\/p>\n

Liquid Instruments is already working with Victorian partners to manufacture its products, and the company will expand these efforts considerably in the next 12 months, both by onshoring existing manufacturing activities from abroad, and developing new manufacturing lines for its highly anticipated next-generation device. With this funding, Liquid Instruments will be able to scale local manufacturing of Moku devices in Australia while recruiting top engineering and manufacturing talent. The company plans to hire dozens of new Melbourne-based employees in high-tech roles, including artificial intelligence, machine learning, computer science, and advanced manufacturing.<\/span><\/p>\n

Additionally, Liquid Instruments will expand its internship program, targeting students from Victorian universities. This initiative will provide undergraduate and graduate students with invaluable real-world experience, working alongside Liquid Instruments scientists and engineers on cutting-edge technology development.<\/span><\/p>\n

\u201cThe impact of Breakthrough Victoria\u2019s investment in Liquid Instruments will be felt across various levels of the state\u2019s innovation sector, from stronger manufacturing capability in Victoria, to cost-effective lab solutions for researchers, engineers, and students, in a single piece of hardware,\u201d said Grant Dooley, CEO of Breakthrough Victoria.<\/span>
\n<\/span>
\n<\/span>Tim Pallas, minister for economic growth in Victoria, echoed Dooley\u2019s sentiments.<\/span><\/p>\n

\u201cWe are growing our economy and attracting new industry by investing in companies like Liquid Instruments \u2014 creating new jobs in advanced manufacturing and artificial intelligence,\u201d he said.<\/span><\/p>\n

About Liquid Instruments<\/b>
\n<\/span>Most test environments are unique and require customized configuration and careful optimization of multiple instruments, adding cost and time upfront and throughout the test cycle. Liquid Instruments\u2019 reconfigurable Moku is the only test solution that is engineered and optimized for friction-free customization in both simple tests and complex multi-instrument environments. In hundreds of labs around the world, Moku has accelerated the timeline of crossing from idea to implementation by an order of magnitude, reducing the time and cost of advanced research and development. Because our reconfigurable Moku test solutions are engineered by a team of distinguished research scientists to be easy to use and versatile, they deliver efficiency gains in the most complex test scenarios today and meet your ongoing needs in the future. Experience Moku cost-free by requesting a demo today.<\/span><\/p>\n

About Breakthrough Victoria<\/b>
\n<\/span>Breakthrough Victoria<\/a> is an investment company established in 2021 to manage the Victorian Government\u2019s Breakthrough Victoria Fund. We invest for impact \u2014 supporting companies to commercialize new technologies and innovations that will create jobs and investment in Victoria and have a positive impact on people\u2019s lives.<\/span><\/p>\n

Media<\/b>
\n<\/span>Contact Liquid Instruments at <\/span>media@liquidinstruments.com<\/span><\/a>.<\/span><\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

SAN DIEGO and CANBERRA, Australia \u2014 June 19, 2024 \u2014 Liquid Instruments, a leading innovator of reconfigurable test instrumentation, today announced that it has secured a new round of funding totaling $12 million, led by a $10 million investment from Breakthrough Victoria, with other investors including Lockheed Martin Ventures, Acorn Capital, and Powerhouse Ventures. This […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":36,"featured_media":18684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[143],"tags":[],"class_list":["post-18787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"acf":[],"yoast_head":"\nLiquid Instruments Secures $12M in a New Funding Round<\/title>\n<meta name=\"description\" content=\"Liquid Instruments, a leader in FPGA-based test instrumentation, secured a new funding round of $12 million, led by Breakthrough Victoria.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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