What is Barcom?
Barcom specializes in integrating proprietary transaction software with robust hardware solutions tailored for demanding environments within the manufacturing, distribution, transportation, and field service industries. Their offerings include advanced bar code scanners for warehouse operations, mobile computing devices and tablets for field-based workforces, and RFID/RTLS for real-time location tracking. The company prides itself on a collaborative approach, with its engineering team working alongside client IT resources for comprehensive site analysis, custom application development, seamless installation, and dedicated post-implementation support. The core objective is to leverage automated processes to streamline workflows and significantly boost worker productivity.
How much funding has Barcom raised?
Barcom has raised a total of $455K across 2 funding rounds:
Debt
$150K
Debt
$305K
Debt (2020): $150K with participation from PPP
Debt (2021): $305K led by PPP
Key Investors in Barcom
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Barcom?
With the infusion of this major strategic investment, Barcom is poised for accelerated growth and innovation. The company's extensive history and specialized focus on optimizing operational efficiency through automated data collection position it favorably to capitalize on current market trends. Future developments are likely to involve further integration of cutting-edge hardware and software, potentially expanding into new industry verticals or enhancing existing solutions to meet evolving client demands. This capital injection will likely fuel research and development, bolster sales and marketing efforts, and potentially support strategic partnerships or acquisitions to solidify its market leadership.
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