What is Control Electric?
Control Electric specializes in industrial robotics, conveyor solutions, and controls integration, offering comprehensive, turn-key solutions since its inception in 1961. Their service portfolio includes PLC and HMI programming, electrical design, material handling solutions, control panel building, system retrofits, and industrial field installations. The company caters to a diverse range of industries, supporting both emerging businesses and established enterprises with adaptable and effective solutions designed to modernize equipment and optimize operational efficiency, thereby providing clients with a significant competitive advantage.
How much funding has Control Electric raised?
Control Electric has raised a total of $440K across 2 funding rounds:
Debt
$150K
Debt
$290K
Debt (2020): $150K with participation from PPP
Debt (2021): $290K led by PPP
What's next for Control Electric?
With its recent strategic investment and substantial overall backing, Control Electric is well-positioned for its next phase of growth. This significant capital injection, particularly in a large-scale late-stage funding context, suggests a focus on expanding market reach, enhancing technological capabilities, or potentially pursuing strategic acquisitions. The company's deep expertise in industrial automation and controls integration, combined with its long operational history, provides a solid foundation for continued innovation and market leadership in the evolving landscape of industrial solutions.
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