What is Chipmatic?
Founded in 1984, Chipmatic operates as a full-service machining facility based in Elmore, Ohio. The company specializes in high-precision contract turning, milling, and high-production saw cutting services. With a sprawling 50,000 square foot facility and a workforce of 50 skilled professionals, the organization is IATF16949 certified and ITAR registered. These credentials allow Chipmatic to serve critical sectors, including aerospace and defense, where precision and compliance are non-negotiable. The company's ability to handle complex, intricately designed parts has made it a preferred partner for manufacturers requiring high-volume, high-tolerance components.
How much funding has Chipmatic raised?
Chipmatic has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Chipmatic
PPP
Public-Private Partnership
What's next for Chipmatic?
With the recent influx of capital, Chipmatic is poised to accelerate its operational capabilities and modernize its production floor. The strategic focus will likely center on upgrading CNC machinery to enhance throughput and precision, ensuring the company remains at the forefront of the manufacturing industry. Furthermore, the investment provides the necessary liquidity to navigate supply chain complexities and invest in workforce development, which is essential for maintaining the high standards required by its aerospace and munition-sector clients. As the company moves into this next phase of growth, it will likely prioritize technological integration to further optimize its contract manufacturing workflows and maintain its competitive edge in the North American market.
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