Liquid Instruments Raises $12M Funding

Liquid Instruments, a San Diego, CA- and Canberra, Australia-based reconfigurable test instrumentation company, secured a new round of funding totaling $12m.

The round led by a $10m investment from Breakthrough Victoria, with other investors including Lockheed Martin Ventures, Acorn Capital, and Powerhouse Ventures.

This funding will enable the company to expand its manufacturing operations in Australia, establish a new office in Melbourne, and scale its global operations while supporting regional economic growth.

Founded in Australia in 2014 and led by Daniel Shaddock, CEO, Liquid Instruments develops reconfigurable test and measurement devices to support and accelerate critical scientific research and development in a range of applications, from optics and photonics to aerospace and defense. The company’s flexible Moku platform leverages field-programmable gate arrays (FPGAs) to integrate a complete suite of test instruments — from bench essentials like an oscilloscope to advanced tools like a lock-in amplifier — into a single, compact device.

With this funding, Liquid Instruments will be able to scale local manufacturing of Moku devices in Australia while recruiting top engineering and manufacturing talent. The company plans to hire dozens of new Melbourne-based employees in high-tech roles, including artificial intelligence, machine learning, computer science, and advanced manufacturing.