Digital Science invests in Internet of things for science startup TetraScience
Relationship further strengthens Digital Science research management portfolio
London, UK and Boston, USA – June 13, 2016 – Digital Science, a technology software company that makes the research process simpler and more efficient, today announced it has invested in TetraScience – a Boston, MA based scientific start-up and an Internet of Things company, that aims to modernize research by bringing cloud software to the laboratory. Founded by scientists and engineers from Harvard & MIT, TetraScience has developed a solution for connecting and managing research equipment and instruments via the web.
TetraScience was the recipient of a prestigious Digital Science Catalyst Grant in 2015 – awarded to support the innovation of new software tools and technologies for scientific research and intended to provide initial support to take ideas from concept to prototype. TetraScience is the first Catalyst Grant winner to receive a follow-on investment from Digital Science.
TetraScience, started by Harvard and MIT researchers Alok Tayi, Siping Wang and Salvatore Savo, was founded with the mission to modernize research by bringing cloud software to the laboratory. The company already works with some of the most respected research and academic institutions and scientific instrument manufacturers, and will use the funds to accelerate development and market penetration.
“Our goal is to make management of the research process as simple and easy as possible, letting researchers improve productivity compliance, and quality, all-the-while enabling them to focus their time where it matters most,” said Alok Tayi, PhD co-founder and CEO, TetraScience.
“We believe that TetraScience has the capability to significantly impact how research is performed and managed,” said Daniel Hook, Managing Director, Digital Science. “TetraScience has built a very talented team with a deep background in research, so they understand fully the challenges that need to be solved and are building a great solution to meet those challenges.”
Digital Science supports a suite of renowned researcher tools across a wide portfolio of companies across the globe, including ReadCube, Figshare and LabGuru. The addition of TetraScience will expand the research management portion of the Digital Science portfolio, enabling the delivery of ever more comprehensive solutions for researchers.
Modern scientific research is rife with manual processes and inefficiencies. Experimental deviations, instrument failures and underutilized equipment are just a few of the challenges that contribute to 45% of R&D dollars wasted each year.
· TetraScience’s solution is purpose-built for science and used across industries including pharma, biotech, food & beverage, oil & gas, chemistry, plastics and others.
· The solution connects scientific instruments and equipment to the web, allowing research teams to remotely monitor and manage experiments in real time, and log data automatically — accelerating productivity, saving time and money.
Key use cases and users for TetraScience include:
· Scientific workflows: R&D managers and scientists responsible for managing experimental and instrument data
· Lab monitoring: Lab managers and operators responsible for instrument failure/downtime and equipment service tracking
· Utilization: R&D and finance executives responsible for productivity, capital efficiency, systems integration and time to market
TetraScience is an Internet-of-Things platform for science. The company connects scientific equipment to the web to enable scientists to remotely monitor, manage, and automate experiments. TetraScience works with leading pharmaceutical companies and prestigious academic institutions and its hardware and software helps R&D labs become more productive, ensure compliance, and improve quality. More information can be found at www.tetrascience.com.
About Digital Science
Digital Science is a technology company serving the needs of scientific and research communities at key points along the full cycle of research. It invests in and incubates research software companies that simplify the research cycle, making more time for discovery. Its portfolio companies include a host of leading brands including Altmetric, BioRAFT, Figshare, Labguru, Overleaf, ReadCube, Symplectic and ÜberResearch. It is operated by global media company, the Holtzbrinck Publishing Group. Visit http://www.digital-science.com and follow @digitalsci on Twitter.