RAB Microfluidics
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | - | ||
N/A | Grant | ||
£1.2m | Seed | ||
* | £2.2m | Early VC | |
Total Funding | CAD6.2m |
Recent News about RAB Microfluidics
EditRAB Microfluidics, founded in 2016 by Dr. Rotimi Alabi, specializes in automating lubricating oil analysis using microfluidic technology. This technology enables real-time monitoring of equipment condition, providing early identification of deterioration and actionable insights for decision-making. The company primarily serves industries reliant on heavy machinery and equipment, such as manufacturing, oil and gas, and maritime sectors. Operating in the condition monitoring market, RAB Microfluidics aids the transition to Condition-based Maintenance (CbM) and Predictive Maintenance (PdM) strategies. The business model revolves around selling its flagship product, Oleum Oracle, a portable instrument that uses a lab-on-a-chip platform to analyze lubricating oil samples. Revenue is generated through product sales, service contracts, and potentially subscription-based models for continuous monitoring services.
Keywords: microfluidic technology, real-time monitoring, lubricating oil analysis, predictive maintenance, condition-based maintenance, heavy machinery, manufacturing, oil and gas, maritime, asset reliability.