Liquid Instruments Raises $28.5 Million to Revolutionize Technology Development with Software-Defined Test Instrumentation


Growth investments accelerate product innovation, talent acquisition and expansion into commercial and educational markets

SAN DIEGO and CANBERRA, Australia, September 13, 2022 /PRNewswire/ — Liquid instrumentsan innovator in the field of precision software-defined instrumentation, today announced that it has obtained $28.5 million in a Series B financing led by Acorn Capital. The round also includes participation from new investors, including Lockheed Martin Ventures and Powerhouse Ventures, in addition to existing investors, Spirit Super/ANU Connect Ventures, MA Growth Ventures, Important Capital Ventures and Boman Enterprises. The funding enables Liquid Instruments to accelerate its growth plans, expand its product line, and introduce new services that connect laboratory measurements directly to the cloud, and brings Liquid Instruments’ total funding to more than $50 million.

Liquid Instruments (PRNewsfoto/Liquid Instruments)

The new funding follows Liquid Instruments’ record growth, driven by strong demand for the company’s new products Moku:Pro and Moku:Go. Customers in research and education, government labs and industrial segments – including aerospace and defense, semiconductors, LiDAR and quantum computing – quadrupled sales of one year to the next.

“Liquid Instruments creates a versatile, customizable, and efficient test and measurement platform,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “This technology has the potential to provide mission-critical functionality that can bring value to our customer. We are excited about Liquid’s continued growth and look forward to strengthening our collaboration.”

“This capital injection will boost our ability to revolutionize the test and measurement industry,” said Daniel Shaddock, CEO and co-founder of Liquid Instruments. “Our innovative software approach offers clear advantages over traditional hardware solutions, and this funding positions us strongly to lead this critical industry transformation.”

Liquid Instruments’ Moku product line offers the world’s most powerful and flexible software-defined instrumentation platform, harnessing the processing power and reconfigurability of Field Programmable Gate Arrays (FPGAs) to combine multiple instruments into a single compact and accessible device. These product offerings include Moku:Go, a complete lab solution for engineers and students to actively test designs and projects, and Moku:Pro, an integrated platform for the most popular research and engineering applications. demanding.

“We are focused on improving cloud integration features for our products and scaling Moku:Go production to help millions of undergraduate engineering students around the world unleash their full potential,” added Shaddock. “Mokus will continue to receive new features through frequent over-the-air updates enabling new solutions in key business industries.”

“The software-defined approach developed in Australia by Liquid Instruments is the manifestation of an ambitious plan targeting a vital market that has suffered from a deficit of innovation and imagination.” said Robert Routley, CEO, Acorn Capital. “We see tremendous potential for their platform to continue to grow and evolve, benefiting more industries over time. Liquid Instruments is well positioned to execute on its expansion strategy and disrupt the testing and testing industry. measures and lead the industry through the much-needed transition from hardware to software.”

For more information on Liquid Instruments and its full line of products, please visit

About Liquid Instruments

Liquid Instruments is a leader in precision software-defined instrumentation and is revolutionizing the way students, scientists, and engineers learn, discover, and create. Their hardware and software solutions harness the computing power of FPGAs to create highly versatile instrumentation for acquiring and analyzing data, generating complex waveforms, and implementing closed-loop control systems. For more information, visit

Media Contact
Lee Regal
Lumina Communications for Liquid Instruments
[email protected]



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