RAB-Microfluidics secures £1.24m in funding
The team at EBS are delighted that long-term client Dr Rotimi Alabi’s company RAB-Microfluidics has secured £1.24m in an investment round led by EOS Advisory. The funding round, which also includes London-based Newable Ventures, Scottish Enterprise and existing investors, will help the company strengthen its team and further develop its product roadmap.
The startup was built out of the University of Aberdeen and selected for the TechX Pioneers accelerator programme run by OGTC in Aberdeen in 2018. It has developed “laboratory on a chip” technology, which means oil samples from heavy machinery like pumps and generators can be analysed on site instead of being shipped to onshore laboratories.
Led by founder and chief executive Dr Rotimi Alabi, RAB-Microfluidics has a UK and global customer base in the maritime, renewable wind, other power generation, aerospace and defence, processing and manufacturing, oil and gas, and transport 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.”