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Print Edition StoriesTuesday, December 22, 2009
i-Nalysis finds funding, first materials inspection customer
By Mass High Tech staff
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Material analysis startup i-Nalysis LLC has landed a six-figure round of angel funding and its first customer for the company’s handheld materials analyzer, according to Drew Hession-Kunz, CEO of the company.
“The goal for this [funding] is to complete commercialization, bring the product to market and grow the business,” Hession-Kunz said.
The funding came from a group of individual angel investors. Its first customer, which Hession-Kunz declined to name, comes from the materials inspection industry.
The i-Nalysis XRF (X-ray Fluorescence Spectrometer) is a small, light and inexpensive device that identifies the elemental analysis “of almost anything,” Hession-Kunz said.
The timing couldn’t be better, he said, given the growing responsibility manufacturers have for knowing what is in their products, even if they did not make the components. “We have to test stuff,” Hession-Kunz said. “We need to know more about what’s in there. That’s a big concern.”
Founded in 2008, i-Nalysis may see its five-person company grow its staff if it sees any more funding come its way.
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