Adama Innovations, an early stage company focused on deploying nanotechnology to common manufacturing processes, has secured €750,000 in seed-funding. The investment will enable Adama to scale up production of their first product, a nano-scale probe fabricated from diamond, used in atomic force microscopy (AFM), which images, measures, and manipulates matter at the nanoscale.
Owing to their fabrication in solid diamond, Adama’s industry leading probes hold clear advantages for many applications, combining the highest levels of performance and durability. They will be instrumental in solving current and future challenges in high-tech manufacturing allowing industry to understand better the surfaces of their materials at the nanoscale, to improve their products and prevent defects.
Adama Innovations was spun out from AMBER in 2013 by co-founder Prof Graham Cross and is based in Dublin. The investment syndicate included Enterprise Ireland, NDRC VentureLab and Irrus Investments.
Adama has plans to exceed €2 million in revenue and create 10 high-tech manufacturing jobs over the next three years.
This is the second large scale investment the company has received in the past 12 months, having already been selected to receive almost €400,000 in funding from the European Commission’s FP7 FaBiMed project.
Declan Scanlan, managing director, Adama Innovations, said: “Our team brings together expertise in materials science, high-tech fabrication, and business growth in order to deliver the highest quality product. Almost anything that is solid can be analysed by an atomic force microscope, this includes cancer cells, viruses, plastic composites, metals, ceramics and biological surfaces. The AFM allows researchers, scientists and engineers to look at the surface of objects at the atomic level, which offers benefits to the medical devices and pharmaceutical industries, and cancer research, among others.
“The first benefit of our AFM probes is that they offer the maximum level of atomic resolution, uniquely combining this with a longer lasting, hard diamond tip which ultimately provides cost savings for industry. Other advantages are that they enable significantly faster scanning of samples and at a much higher accuracy and precision than what has been possible to date, and with highly conductive diamond, they allow electrical AFM scanning, which is a rapidly growing application.”
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