Ix Innovations has landed an unspecified investment from the
Michigan Pre-Seed Capital Fund as part of a larger seed round it raised over the last year. The new cash infusion has allowed the Tech Brewery-based startup to bolster its staff of three people..
"Prior to that we had one software engineer on a 1099 basis," says Ian Dailey, CEO of
Ix Innovations. "After that we were able to hire that person and bring on two other people."
Ix Innovations is commercializing the
PocketPico, a portable, USB-powered picoammeter that can be used as a stand-alone instrument or connected to a PC. Dailey expects to get the PocketPico into user hands later this year, allowing it to ramp up production by the end of 2012.
Ix Innovations is also working on a couple more products that would complement the PocketPico. Dailey hopes the further development of those products will grow its bottom line and the size of the company.
"More hands on deck," Dailey says. "That is where we would like to be (by the end of the year)."
Source: Ian Dailey, CEO of Ix Innovations
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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