SciAps, Inc.

SciAps, Inc. , based in the US, specializes in developing innovative portable analytical instruments for elemental analysis, focusing on handheld LIBS and XRF technologies to serve various industries. Founded in 2012 in Andover, US, SciAps, Inc. develops portable analytical instruments, primarily handheld Laser Induced Breakdown Spectroscopy (LIBS) and X-Ray Fluorescence (XRF) analyzers.

The company was co-founded by Don Sackett, Gary Lortie, and Matthew Dzaugis. Its latest funding round occurred on July 4, 2024, when Spectris plc acquired SciAps, Inc. for USD 260 mn from CEI Ventures Management, Rand Capital, Enhanced Capital, Gefinor Capital, and RCF Jolimont. SciAps has successfully completed a total of 6 deals since its inception.

SciAps specializes in the development and manufacture of portable analytical instruments, primarily focusing on handheld Laser Induced Breakdown Spectroscopy (LIBS) and X-Ray Fluorescence (XRF) analyzers. These advanced tools are designed to deliver accurate elemental analysis across a variety of industries, including recycling, mining, environmental analysis, food safety, and academic research. The Z-Series LIBS analyzers, notable for their high precision and ability to analyze ultra-low elemental concentrations in materials such as alloys and ores, represent a core offering that supports applications in quality control and material sorting. The X-Series XRF analyzers, recognized for being lightweight and user-friendly, are tailored for rapid and efficient elemental testing, making them ideal for sectors like scrap metal sorting and lead paint analysis.

SciAps serves a diverse client base, including businesses in the electric vehicle sector, environmental agencies, and laboratories, with products marketed primarily in North America, Europe, and Asia. SciAps generates revenue through the direct sales of its analytical instruments and associated services, including a comprehensive Service and Calibration Program designed to ensure optimal performance and longevity of its devices. The company employs a B2B transaction structure, primarily engaging with industrial clients, laboratories, and environmental consultants. Clients may enter into annual subscription agreements for ongoing calibration and service support, as well as purchase individual analyzers such as the flagship X-550 XRF and Z-903 LIBS models, which cater to specific industry needs.

The pricing structure reflects the advanced technology and capabilities of these instruments, emphasizing reliability and accuracy in elemental analysis. Additionally, SciAps offers rental programs and financing solutions to accommodate varying client needs and operational budgets, further enhancing its market appeal. With the acquisition by Spectris plc in August 2024, SciAps plans to enhance its product offerings, including the introduction of new products designed to integrate innovative digital solutions. The company aims to expand into new geographic regions, specifically targeting markets in Europe and Asia by the end of 2025.

The recent funding of USD 260 mn will support these initiatives, allowing SciAps to invest in research and development for new product lines and strengthen its market presence.