What is Concept Systems?
Concept Systems Inc. is a specialized provider of industrial automation solutions, addressing complex manufacturing challenges across a diverse range of industries. Their comprehensive service portfolio includes automation consulting, industrial controls, dedicated support and service, the development of automation workcells, advanced process control systems, and precision panel fabrication. The company is recognized for its innovative product offerings, such as the evriiRobot and the OnGuard Collision Avoidance system, aiming to forge strategic partnerships that elevate client efficiency and effectiveness in 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
What's next for Concept Systems?
The recent major strategic investment in Concept Systems signals a pivotal growth phase for the company. This influx of capital is expected to fuel further development of their innovative automation technologies and expand their market reach. As Concept Systems continues to enhance manufacturing efficiency and effectiveness through its specialized solutions, this funding will likely support scaling operations, bolstering research and development, and solidifying its position as a key player in the industrial automation landscape. The company's focus on advanced solutions like the evriiRobot and OnGuard Collision Avoidance suggests a trajectory towards deeper integration and broader adoption within enterprise-level manufacturing environments.
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