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September 2, 2022

Somalytics

Somalytics received seed funding of $1.9 million to launch mass production of its new sensor. The funding was led by hard science investment firm IP Group with support from WRF Capital. IP Group provided the initial investment for Somalytics that helped launch the company last year out of CoMotion, University of Washington's collaborative innovation hub. The nanotechnology start-up is commercializing a patent-pending carbon-nanotube paper composite capacitive sensor, which is a new technology developed by University of Washington researchers in collaboration with CoMotion. Somalytics expects to begin mass production of its sensors before the end of the year out of its new headquarters and manufacturing facility in Redmond, which it moved into in July. WRF Capital, a reserve pool of funds that Washington Research Foundation invests in local early-stage companies, has backed 119 startups since 1996.




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