The story for Parallel Fluidics began in the early days of one of our cofounders’ career. Josh Gomes worked as a consultant, then in-house at several companies trying to bring commercial microfluidic products to market. A common thread in all of these experiences was that prototype devices were difficult to source, often requiring months of lead time and big capital investments. In a world where engineers can source prototype machined, 3d printed, sheet metal, or circuit board assemblies in a matter of days, Josh watched as development timelines were bogged down, waiting months for microfluidic prototypes.
The initial idea for Parallel Fluidics was to solve this problem by creating a new method to rapidly produce microfluidic prototypes. In June of 2020, we received a Phase I grant from the National Science Foundation to do exactly that, and built technology that allows us to produce functional thermoplastic devices in as little as three days. Since then, we realized that there is an opportunity to solve many of the other shared challenges that plague companies building microfluidic technologies.
Through our rapid prototyping service, core formats, and embeddable components, we hope to drastically lower the barrier to entry for microfluidic design and greatly increase the odds that new technologies will successfully transition from the lab bench to commercialization. Ultimately, if we can unlock the power of microfluidics for our customers, we help them to improve human health throughout the world.
Matt is a technology investor and entrepreneur, based in San Francisco. He is the Founder and General Partner of Praxis, a venture capital firm focused on early stage investments in software and software-powered digital manufacturing businesses. Matt was an early investor and board member at Protolabs (NYSE: PRLB) and an early investor and advisor to Xometry (NASDAQ: XMTR).
Matt also serves as a Senior Advisor to Vector Capital, where he was previously a Managing Director. Before Vector, Matt was a General Partner at North Bridge Growth Equity. Matt is also the Co-Founder and Executive Director of Put Me In!, a software-powered nonprofit that increases access to sports for children experiencing parental incarceration. Matt holds a B.A. in Economics and a B.A. in Political Science from Yale University.
Larry founded Protolabs (NYSE: PRLB) in 1999 to reduce the amount of time it took product developers to get plastic injection-molded parts. He wrote front-end software programming that automated design analysis on 3D CAD models, which could then be sent digitally to interconnected manufacturing equipment for quick-turn part production.
As a result of his pioneering software and automation advancements, Protolabs grew from a small startup in Long Lake, Minnesota to become a global innovator in digital manufacturing with production facilities in the United States, Europe and Japan. In 2012, Protolabs went public on the New York Stock Exchange and by the end of 2020, the company reported nearly $450 million in annual revenue. Larry founded Digi Labs in 2014 to invest in and accelerate startup companies with products ranging from compact marine tech to virtual reality devices. Larry holds a B.S. in Physics from Canisius College and an M.S. in Electrical Engineering from the University at Buffalo.