What is Concept Systems?
Concept Systems Inc. is a specialized provider of industrial automation solutions, dedicated to addressing complex manufacturing challenges across a diverse range of industries. The company's comprehensive service offerings encompass automation consulting, industrial controls, robust support and service, the development of automation workcells, advanced process control, and precision panel fabrication. Concept Systems is recognized for its innovative products, including the evriiRobot and the OnGuard Collision Avoidance system, positioning itself as a key partner for businesses aiming to elevate efficiency and effectiveness within their manufacturing workflows.
How much funding has Concept Systems raised?
Concept Systems has raised a total of $2.7M across 2 funding rounds:
Debt
$1M
Debt
$1.7M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.7M led by PPP
Key Investors in Concept Systems
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Concept Systems?
The recent major strategic investment signals a period of accelerated growth and development for Concept Systems. This capital infusion is expected to fuel further innovation in their product lines, potentially expanding the capabilities of solutions like the evriiRobot and OnGuard system. Furthermore, the funding will likely support the company's strategic initiatives to deepen its market penetration and forge new partnerships within the industrial automation landscape. Concept Systems appears poised to leverage this financial backing to solidify its position as a leader in enhancing manufacturing efficiency through advanced automation.
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