What is Chipmatic?
Chipmatic, Inc. is a comprehensive machining facility based in Elmore, Ohio, established in 1984. The company excels in contract turning, milling, and high-volume saw cutting, providing precision machining for complex parts requiring stringent tolerances. Operating from a 50,000 square foot facility with a workforce of 50 employees, Chipmatic is IATF16949 and ITAR registered, demonstrating a commitment to quality and compliance, particularly within the aerospace and munition production industries. Their capabilities ensure efficient service and punctual delivery for a diverse client base.
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
What's next for Chipmatic?
The substantial backing indicated by the $350K and the recent strategic investment of $350K positions Chipmatic for continued expansion and technological advancement. As a company with a long-standing history and certifications like IATF16949 and ITAR registration, this capital infusion is likely to fuel enhancements in production capacity, further refinement of precision machining techniques, and potentially the exploration of new market segments within the aerospace and defense sectors. The company's focus on high production saw cutting and intricate parts suggests a strategic direction towards solidifying its role as a key supplier for high-demand manufacturing needs.
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