Cobalt Light Systems Ltd.
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Cobalt Light Systems Ltd. - overview
Established
2006
Location
Abingdon, -, UK
Primary Industry
Pharmaceuticals
About
Cobalt Light Systems Ltd. develops innovative analytical technologies, focusing on advanced Raman spectroscopic systems for security and pharmaceutical applications. Cobalt Light Systems Ltd. , founded in 2006 and headquartered in Abingdon, UK, specializes in analytical instrumentation.
The company was acquired by Agilent Technologies Inc. on July 7, 2017, for GBP 40 million. The acquisition marked a strategic pivot to enhance Agilent's portfolio in the analytical market. Cobalt has successfully completed 4 deals to date.
Cobalt Light Systems specializes in advanced analytical instruments, particularly Raman spectroscopic systems. Their product range includes Raman spectrometers, leveraging proprietary spatially offset Raman spectroscopy (SORS) and transmission Raman spectroscopy (TRS). These technologies are utilized in airport security screening, pharmaceutical quality control, and hazardous material identification. Noteworthy products include the Insight bottle liquid scanners and Vaya handheld Raman spectrometer, which cater to clients in security agencies, pharmaceutical manufacturers, and biopharma organizations across North America, Europe, and Asia.
Cobalt Light Systems generates revenue through direct sales and service agreements of its analytical instruments. Key products like the Vaya handheld spectrometer and Resolve Raman analyzer contribute significantly to the company's revenue streams. The pricing structure is tailored to meet the specialized needs of B2B clients such as pharmaceutical companies and security agencies, with service plans and maintenance agreements enhancing their revenue model. Following its acquisition by Agilent Technologies, Cobalt Light Systems aims to leverage the new resources for expanding its product offerings and market reach.
The recent acquisition funding of GBP 40 million will support the development of new analytical technologies. The company targets to launch innovative products designed specifically for emerging markets in Asia and Europe by 2020.
Current Investors
Future Planet Capital Regional, Longwall Ventures , Science & Technology Facilities Council
Primary Industry
Pharmaceuticals
Sub Industries
Pharmaceutical Research & Development
Website
www.cobaltlight.com
Company Stage
Acquired
Total Amount Raised
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