November 29, 2021 -- Digital microfluidic devices manufacturer Parallel Fluidics has garnered $1.8 million in a new round of financing from a syndicate of investors, founders, and technologists.
The firm said it would use the funds to hire new employees, especially manufacturing and mechanical engineers. It will also further develop its capabilities and capacity, according to the company.
Parallel Fluidics has now raised a total of $2 million, including funding from the National Science Foundation. The company was founded in 2020 by Josh Gomes and Andy Harris with the goal of reducing friction in the development process of new microfluidic products. It can produce prototype devices in two days, according to the firm.