Monday, August 6, 2012

CED Member Advanced Liquid Logic Raises $1M in New Funding

Advanced Liquid Logic, a CED Member and FastTrac graduate, has raised $1 million in new equity funding, according to a filing with the SEC.

CEO Richard West said in a statement on Aug. 3 that the company has set a goal to raise $3 million overall by the end of August. So far, the company has raised $1,000,001.25, according to the SEC filing.

Advanced Liquid Logic (ALL) is developing a proprietary microfluidics technology they call 'electrowetting'. This technology can precisely move small amounts of fluid using electric signals.

ALL was also named as a North Carolina Companies to Watch award recipient by CED in June, 2012.

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