What is Electro-Matic?
Founded in 1969 and based in Farmington Hills, Michigan, Electro-Matic is a long-standing supplier of high-technology automation components and solutions. The company serves U.S. manufacturers across industrial automation equipment and lighting technology for commercial and industrial markets. Its extensive history suggests a deep understanding of its customer base and a robust operational framework.
How much funding has Electro-Matic raised?
Electro-Matic has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in Electro-Matic
PPP
Public-Private Partnership
What's next for Electro-Matic?
The recent major strategic investment indicates a pivotal moment for Electro-Matic, likely signaling an acceleration in its expansion initiatives, technological advancements, or market penetration strategies. This capital infusion is expected to bolster its capabilities in providing cutting-edge automation solutions and further solidify its position within the competitive industrial technology landscape. The company is poised to leverage this backing for enhanced product development and broader market reach.
See full Electro-Matic company page
