How Much Did Automation Support Group Raise?
Funding & Key Investors

Automation Support Group has secured $41K in total financing, with a recent capital infusion of $41K designated for substantial expansion. This funding marks a significant milestone, positioning the company within the Series B/C stage of its growth trajectory.

What is Automation Support Group?

Automation Support Group
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Automation Support Group, established in 2000, operates as a Manufacturers Representative organization specializing in machine logic and motion control technologies. Serving clients across the Southeast U.S., the company draws upon a seasoned team of professionals in technical sales, management, engineering, and support. They provide crucial design support and selection services, assisting clients in identifying optimal components for their automation systems. By partnering with leading product manufacturers, Automation Support Group ensures the delivery of high-quality, effective solutions.

How much funding has Automation Support Group raised?

Automation Support Group has raised a total of $41K across 1 funding round:

2021

Debt

$41K

Debt (2021): $41K with participation from PPP

Key Investors in Automation Support Group

PPP

Public-Private Partnership

What's next for Automation Support Group?

With the recent substantial expansion capital, Automation Support Group is poised for accelerated growth. The significant Series B/C stage funding indicates investor confidence in the company's established market position and its potential for scaling operations. This investment will likely fuel initiatives aimed at broadening market reach, enhancing service offerings, and potentially expanding the team to meet increasing demand for advanced machine logic and motion control solutions in the Southeast region. The company's strategic focus on technical expertise and strong product partnerships suggests a continued commitment to delivering value and innovation to its clientele.

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Frequently Asked Questions Regarding Automation Support Group Financial Insights

What are the most recent funding rounds that Automation Support Group has completed, and what were the funding rounds?
Automation Support Group has recently completed 1 funding rounds: Debt on Feb 12, 2021.
What is the total amount of funding Automation Support Group has raised to date?
Automation Support Group has raised a total of $41K in funding to date.
How many funding rounds has Automation Support Group completed?
Automation Support Group has completed 1 funding rounds.
How much funding did Automation Support Group raise in its most recent funding round?
Automation Support Group raised $41K in its most recent funding round.
Who are the lead investors in Automation Support Group's latest funding round?
The lead investor in Automation Support Group's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Automation Support Group's history?
The largest funding round in Automation Support Group's history was $41K.
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