RAB-Microfluidics, a Scottish R&D firm was built out of the University of Aberdeen. It was chosen for the TechX Pioneers accelerator programme run by OGTC in Aberdeen in 2018. Now, it has hit the headlines as the company has bagged fresh investment.
Investment led by Eos Advisory
The Scottish firm has bagged £1.24M funding in a recent move. This investment round was led by Eos Advisory along with London-based Newable Ventures, Scottish Enterprise and existing investors. RAB-Microfluidics intends to use the investment to strengthen its team and develop its product roadmap.
Eos Advisory’s managing partner Andrew McNeill said: “RAB-Microfluidics is one of the most exciting early stage Scottish technology companies in the energy sector and we’re pleased to have brought together such a strong set of investors to support Rotimi and his team through their next phase of growth.”
Jan Robertson, interim director at Scottish Enterprise, added: “We’ve been working closely with the company in recent years to help it fully commercialise its cutting-edge microfluidic technology. We are pleased to be able to continue our support by participating in this latest funding round and look forward to seeing the company go from strength to strength.”
Laboratory-on-a-chip tech!
RAB-Microfluidics has developed a laboratory-on-a-chip technology, which means oil samples obtained from heavy machinery such as generators and pumps can be analysed on site rather than being shipped to laboratories onshore.
Founded in 2016 by Dr. Rotimi Alabi, RAB-Microfluidics has a widespread customer base in the UK and all over the world. Its customers are involved in industries such as aerospace, defence, maritime, oil and gas, transport and processing and manufacturing industries.
“We are revolutionising oil testing and analysis services by making conventional laboratory procedures mobile, rapid and routine,” Alabi said. “We do this by delivering oil analysis more than one thousand times faster and around 10 times cheaper than the current approach that is based on sending oil samples to laboratories.”
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