Myriad Sensors began in 2013, when a group of Stanford University students came together to develop a product for their technology entrepreneurship course. Their innovative take on a wireless sensor system garnered significant interest and attention at various pitch competitions and led to their first Kickstarter in March of 2015.

The first campaign raised $114, 805 USD in funding and PocketLab One was officially born. PocketLab One packed five sensor systems into a handheld body and was made available at under $100 USD per unit.

Since the launch of PocketLab One, Myriad Sensors have released 3 additional sensor systems and have sold to 1000s of schools in 60+ countries.

EVA Insight:

• The current lab equipment market is dominated by a few major players, the top five companies accounting for 54% of sales in 2017 ⁽¹⁾
• High quality lab equipment are often single purpose and are expensive to purchase and service
• A TI-84 calculator, a must have for high school Math and Science, typically costs $110 USD