What is Failsafe Controls?
Failsafe Controls is a prominent leader in process automation, delivering specialized products and services tailored for the demanding oil and gas sector. The company offers robust HMI software solutions, including InTouch by Wonderware and Ignition by Inductive Automation, alongside its proprietary Failsafe Pilot Controller/BSL, engineered for resilience in field applications. With a proven global track record, Failsafe Controls prioritizes exceptional customer service and fosters dependable partnerships, solidifying its reputation as a trusted resource for clients seeking high-quality, dependable automation technology.
How much funding has Failsafe Controls raised?
Failsafe Controls has raised a total of $871K across 2 funding rounds:
Debt
$350K
Debt
$521K
Debt (2020): $350K with participation from PPP
Debt (2021): $521K led by PPP
What's next for Failsafe Controls?
The substantial enterprise-level funding indicates Failsafe Controls is poised for significant scaling and expansion. This capital infusion is likely to fuel further development of their HMI software and durable field application controllers, potentially enabling market penetration into new geographical regions or deeper engagement within existing oil and gas markets. The strategic nature of the recent investment suggests a focus on enhancing operational capabilities, solidifying market leadership, and potentially exploring new technological advancements in process automation.
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