ioLight makes microscopes that fit in your pocket or inside laboratory incubators and display high-resolution images of cells on any mobile phone. It has sold 400 units and has a global network of resellers with validated high-value opportunities.
The two biggest societal influences today are Climate Change and Pandemics. Climate change is driving scientists to the most remote places on earth to look at the impact on the smallest, most fragile organisms. They need a small powerful microscope they can take with them. Pandemics are driving bioresearch, which relies on monitoring cell growth in incubators. ioLight's are the only pocket microscopes that can share images of cells. They are small enough to image cell growth inside an incubator with the door closed to maintain experimental conditions.
The Global microscope market is $9.5BN and growing at 7.9%. The digital microscope sector is $1.1BN. With ioLight’s high resolution and professional features, its products can access the whole digital sector.
ioLight was founded in 2014 and has raised £815k in equity funding. It used these funds to develop and patent a pilot product that has sold 400 units, and to build a global network of resellers. In the past year, the company has built a strong sales pipeline. Our new funding will accelerate this revenue and win new opportunities.
ioLight featured in two National Geographic videos on Mount Everest and in the BBC Royal Institution Christmas Lectures. The compact microscopes have been to Antarctica, to the Amazon Rainforest and to Kazakhstan. It is used by government, animal and plant health agencies in the UK and the USA.