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

Automation Support Group has successfully secured a significant capital injection, bringing its total funding to $41K. This latest financing round, which accounts for $41K, underscores the firm's robust position within the industrial automation sector. By leveraging this substantial expansion capital, the organization is well-positioned to accelerate its technical sales initiatives and deepen its footprint across the Southeast United States.

What is Automation Support Group?

Automation Support Group
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Established in 2000, Automation Support Group operates as a specialized Manufacturers Representative organization. The company distinguishes itself through deep expertise in machine logic and motion control technologies. By providing high-level design support and component selection services, the firm acts as a critical bridge between advanced technology providers and industrial end-users. Their business model relies on a sophisticated team of engineers and technical sales professionals who ensure that complex system requirements are met with precision, maintaining a competitive edge in the regional manufacturing landscape.

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 influx of capital, Automation Support Group is poised to scale its operational capacity and broaden its portfolio of product partners. The strategic focus will likely shift toward enhancing their engineering support infrastructure to meet the rising demand for automated manufacturing solutions. As the company navigates this growth phase, the emphasis remains on maintaining high-quality service standards while expanding their market reach. Future initiatives will likely involve integrating more advanced motion control technologies into their service offerings, further solidifying their role as a primary technical resource for manufacturers in the Southeast region.

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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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