Market Overview

Echo Raises $7.5 Million in Funding for Manufacturing and Product Expansion

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Echo,
the company who created the first-ever hybrid microscope, announced
today the completion of $7.5 million in Series A funding. The capital
investment, co-led by Dolby
Family Ventures
and Tech
Coast Angels
(TCA), will support Echo in scaling manufacturing,
strengthening the company's sales infrastructure, and developing future
technologies.

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Echo's marquee microscope, Revolve, easily transforms between upright and inverted configurations to ...

Echo's marquee microscope, Revolve, easily transforms between upright and inverted configurations to offer two microscopes in one. Photo by Jason San Agustin.

Echo, formerly Echo Laboratories, is setting a new precedent in
microscope usability and design. The company's hybrid microscope,
Revolve, combines the functionality of both upright and inverted
microscopes to significantly reduce costs, while freeing up valuable
laboratory space. Revolve also leverages tablet and cloud-based
technologies to capture and manage image data while delivering a modern,
seamless approach to data management and hardware integration.

"The science community's response to Echo has exceeded anything we could
have predicted," said Eugene Cho, CEO and founder of Echo. "This
investment enables us to continue scaling and meet the growing demands
of our customers, while also developing future cutting edge products."

The global microscopy market is expected to reach over $6 billion by
2021 (MarketsandMarkets
Research
), yet new technology has been slow to evolve. The Revolve's
capitalization of this opportunity through its usability and versatility
has been early adopted in top institutions such as Stanford University;
University of California, San Francisco; Harvard University; Yale
University; 23andME; Pfizer; and the National Institutes of Health.
Echo's future products will include a higher end model with automation,
designed for those in biotech and pharma, as well as an entry-level
model for students, educators and those focused on science, technology,
engineering, and mathematics (STEM).

Echo previously raised $5 million from angel investors, including TCA.
Echo won TCA San Diego's Quick Pitch contest in 2016, beating 146
competitors for the $15,000 first-place prize. Echo was founded in 2013
and is headquartered in San Diego.

About Echo

Echo is changing the way you view science through the first-of-its-kind
hybrid microscope. Its marquee microscope, Revolve, easily transforms
between upright and inverted configurations to offer two microscopes in
one that reduce costs and free up valuable laboratory space. Echo,
formerly Echo Laboratories, was founded in 2013 and is headquartered in
San Diego. To learn more, visit www.discover-echo.com.

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