What is AutomatedPower?
Founded in 1987 and headquartered in Flowood, MS, AutomatedPower is a specialist in industrial power and controls turnkey projects. The company provides a comprehensive suite of products and services, including electrical heat tracing, motor control centers, switchgear, variable frequency drives, and engineering consulting. As a franchised distributor for leading electrical switchgear manufacturers, AutomatedPower positions itself as a comprehensive resource for industrial clients nationwide, capable of addressing projects of varying scales.
How much funding has AutomatedPower raised?
AutomatedPower has raised a total of $792K across 2 funding rounds:
Debt
$350K
Debt
$442K
Debt (2020): $350K with participation from PPP
Debt (2021): $442K led by PPP
Key Investors in AutomatedPower
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for AutomatedPower?
The recent major strategic investment signals a period of potential expansion and enhanced service offerings for AutomatedPower. This capital infusion is likely to fuel advancements in their turnkey project capabilities and potentially broaden their distribution partnerships. Given the company's long-standing expertise and its role as a key supplier in the industrial sector, this financing could enable further technological integration and operational efficiencies, solidifying its market position and supporting growth initiatives.
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