About 908 Devices
908 Devices is a company based in Boston (United States) founded in 2012.. 908 Devices has raised $68.22 million across 8 funding rounds from investors including SLB, Arch Venture Partners and Sands Capital Ventures. The company has 246 employees as of December 31, 2024. 908 Devices has completed 2 acquisitions, including RedWave Technology and TRACE Analytics. 908 Devices operates in a competitive market with competitors including Refeyn, Advion, Impedimed, Zeteo Tech and Rigaku, among others.
- Headquarter Boston, United States
- Employees 246 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name 908 Devices Inc.
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Annual Revenue
$59.63 M18.72as on Dec 31, 2024
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Net Profit
$-72.21 M-98.37as on Dec 31, 2024
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EBITDA
$-28.38 M29.07as on Dec 31, 2024
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Total Equity Funding
$68.22 M (USD)
in 8 rounds
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Latest Funding Round
$17.5 M (USD), Series E
Apr 26, 2019
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Investors
SLB
& 10 more
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Employee Count
246
as on Dec 31, 2024
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Investments & Acquisitions
RedWave Technology
& 1 more
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IPO & Listings of 908 Devices
908 Devices is a publicly listed company on the NASDAQ with ticker symbol MASS in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Advisor Team
16 people
Sales and Marketing
11 people
Leadership Team
9 people
Human Resources and Administration
6 people
Finance and Accounting
5 people
Product Management Team
4 people
Software Development Team
3 people
Legal and Compliance
2 people
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Funding Insights of 908 Devices
908 Devices has successfully raised a total of $68.22M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $17.5 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $17.5M
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First Round
First Round
(17 Aug 2012)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series E - 908 Devices | Valuation | Northpond Ventures | |
| Sep, 2018 | Amount | Series C - 908 Devices | Valuation | Tao Capital Partners | |
| Jun, 2016 | Amount | Series C - 908 Devices | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 908 Devices
908 Devices has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include SLB, Arch Venture Partners and Sands Capital Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth stage tech & life sciences focused VC Firm investing in Asia and the US
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Founded Year | Domain | Location | |
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Venture capital firm focused on life science companies
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Founded Year | Domain | Location | |
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Multi-stage venture capital investments are made in US sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 908 Devices
908 Devices has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include RedWave Technology and TRACE Analytics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of commercial security services
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2004 | ||||
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Biosensors for online monitoring of biotechnology cultivation processes are developed.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - 908 Devices
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
908 Devices Comparisons
Competitors of 908 Devices
908 Devices operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Refeyn, Advion, Impedimed, Zeteo Tech and Rigaku, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Single molecular mass measurement technology is developed for biomolecules.
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| domain | founded_year | HQ Location |
Microfluidics and mass spectrometry products are provided for clinical research.
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| domain | founded_year | HQ Location |
Technologies for non-invasive fluid status assessment and monitoring are developed.
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| domain | founded_year | HQ Location |
Biological mass spectrometers are manufactured for airborne microbe detection.
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| domain | founded_year | HQ Location |
XRD, XRF, SAXS, Raman, metrology, and crystallography solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 908 Devices
Frequently Asked Questions about 908 Devices
When was 908 Devices founded?
908 Devices was founded in 2012.
Where is 908 Devices located?
908 Devices is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is 908 Devices a funded company?
908 Devices is a funded company, having raised a total of $68.22M across 8 funding rounds to date.
How many employees does 908 Devices have?
As of Dec 31, 2024, the latest employee count at 908 Devices is 246.
What is the annual revenue of 908 Devices?
Annual revenue of 908 Devices is $59.63M as on Dec 31, 2024.
What does 908 Devices do?
908 Devices was founded in 2012 in Boston, United States, within the biotechnology and chemical analysis sector. Battery-operated, handheld detection tools and personal analyzers are produced for use by biologists and chemists. Mass spectrometry technology is employed in product development for applications including safety and security, food science, biotechnology, clinical diagnostics, and industrial process control. Operations focus on portable solutions for laboratory and field-based chemical analysis.
Who are the top competitors of 908 Devices?
Is 908 Devices publicly traded?
Yes, 908 Devices is publicly traded on NASDAQ under the ticker symbol MASS.
How many acquisitions has 908 Devices made?
908 Devices has made 2 acquisitions, including RedWave Technology, and TRACE Analytics.
Who are 908 Devices's investors?
908 Devices has 11 investors. Key investors include SLB, Arch Venture Partners, Sands Capital Ventures, Razor's Edge Ventures, and Tao Capital Partners.
What is 908 Devices's ticker symbol?
The ticker symbol of 908 Devices is MASS on NASDAQ.
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