Digital Science Invests in Internet of Things for Science Start-up – TetraScience
Today, we are thrilled to announce that we have 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. TetraScience was awarded a Catalyst Grant in 2015 and is the first winner to receive a follow-on investment from Digital Science. This new relationship further strengthens our research management portfolio.
TetraScience was started by Harvard and MIT researchers Alok Tayi, Siping Wang and Salvatore Savo, with the mission to modernize research by bringing cloud software to the laboratory and for connecting and managing research equipment and instruments via the web.
Already, they work 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. Currently, 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. Their 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.
Alok Tayi, Co-founder and CEO of TetraScience says:
“Our goal is to make management of the research process as simple and easy as possible, letting researchers improve their efficiency and focus their time where it matters most.”
Daniel Hook our Managing Director adds of the news:
“We believe that TetraScience has the capability to significantly impact how research is performed and managed. 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 already supports a suite of renowned researcher tools across a wide portfolio of companies globally, including ReadCube, Figshare, Overleaf and LabGuru. The addition of TetraScience will expand our research management portion of our portfolio, enabling the delivery of ever more comprehensive solutions for researchers. You can follow TetraScience on Twitter, they are @TetraScience.