NEW ORLEANS—Back in May, Fluence Analytics said it had raised a Series A round of funding led by Energy Innovation Capital, a venture capital firm that invests in growing companies in energy innovation.
That effort signifies an overall growth period for the spin-off, which until earlier this year was known as Advanced Polymer Monitoring Technologies.
Alex Reed, Wayne Reed, Bill Bottoms and Michael Drenski founded the company as a Tulane University startup. The co-founders were employees of Tulane-PolyRMC, a research and development center active in fundamental and applied polymer research, with the exception of Bottoms, who was a Tulane board member.
As an outcome of that center, APMT originally focused on synthetic rubber applications, as well as several other types of polymers, and evolved over the years to become a manufacturer of industrial and laboratory monitoring solutions that produce continuous data streams.
The technology is cutting edge, according to CEO Alex Reed. New Orleans-based Fluence Analytics offers two product lines, ACOMP and ARGEN.
ACOMP is a smart manufacturing system that continuously analyzes polymers during production, and ARGEN is a light scattering instrument that continuously measures the pharmaceutical stability of therapeutic proteins and quality of natural and synthetic polymers under controlled stressor conditions.
Combined with proprietary analytical tools, the confluence of data from Fluence's measurements enable real-time optimization leading to improved process control and faster R&D for polymer and biopharmaceutical manufacturers. The firm claimed these products help users optimize efficiency, cost and quality of manufacturing and research and development processes.