iLabService, a provider of intelligent lab operations solutions, has secured $15.0 million in funding. The company specializes in revolutionizing how laboratories manage their processes, data, and workflows by combining AI-powered IoT (AIoT) with cutting-edge software. This investment will support the company's strategic growth initiatives and continued development of its end-to-end automation platform.
The company's platform is designed to enhance efficiency, compliance, and safety across global research and development environments. With a customer base exceeding 7,700 laboratories, iLabService empowers organizations to transition from manual, siloed operations to intelligent, interconnected systems. Its solutions optimize various aspects of lab work, including resource allocation, data accuracy, and predictive decision-making, aiming to accelerate scientific discovery while reducing costs and operational delays.
Founded in 2016, iLabService is led by a team with extensive experience from companies such as Thermo Fisher, Agilent, and Microsoft. The company holds a portfolio of over 80 patents, underpinning its scalable business model. This capital infusion is intended to facilitate iLabService's plans to expand its global footprint, with a particular focus on the Asia-Pacific region, addressing the increasing demand for digital transformation within the laboratory sector.
iLabService's mission is to automate and optimize every aspect of laboratory operations, ensuring safety, compliance, and efficiency through intelligent systems. By creating a unified ecosystem of smart labs, the company aims to reshape the future of laboratory operations and drive next-generation research and development.
