What is Control Electric?
Established in 1961, Control Electric specializes in delivering turn-key solutions for industrial robotics, conveyor systems, and controls integration. Their comprehensive service portfolio includes PLC and HMI programming, electrical design, material handling solutions, control panel fabrication, system retrofits, and on-site industrial installations. Control Electric serves a diverse clientele across various industries, from emerging startups to established enterprises, offering adaptable and impactful automation strategies. The company's commitment lies in upgrading equipment and optimizing operational efficiencies to provide clients with a distinct competitive advantage in their respective markets.
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
Key Investors in Control Electric
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Control Electric?
With a substantial influx of capital and a recent strategic investment, Control Electric is well-positioned for its next phase of growth. The company's late-stage funding context suggests a focus on scaling operations, potentially through market expansion, acquisitions, or significant R&D investment in advanced robotics and AI-driven control systems. This financial backing will likely enable Control Electric to enhance its service offerings, further solidify its market leadership, and continue its legacy of providing cutting-edge automation solutions to a broad industrial base. The strategic nature of the recent financing indicates strong confidence from investors in the company's long-term vision and execution capabilities.
See full Control Electric company page
