What is Logik Precision?
Logik Precision, Inc. leverages state-of-the-art water jet cutting technology to produce high-precision components. A key differentiator is its capability to perform cuts without heat distortion, preserving the integrity of sensitive materials. Furthermore, the company's process avoids the use of cooling liquids, thereby preventing work piece contamination. This versatility extends to a wide array of materials, including hard metals, ceramics, rubber, foam, glass, stone, plastics, and polymers, making Logik Precision a robust solutions provider for demanding industrial applications, particularly within the aerospace sector through its CNC machine shop.
How much funding has Logik Precision raised?
Logik Precision has raised a total of $413K across 2 funding rounds:
Debt
$150K
Debt
$263K
Debt (2020): $150K with participation from PPP
Debt (2021): $263K led by PPP
Key Investors in Logik Precision
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Logik Precision?
The substantial late-stage funding indicates Logik Precision is poised for significant scaling and market expansion. With a focus on technological innovation in precision cutting, the company is likely to invest in enhancing its production capacity, expanding its material processing capabilities, and potentially exploring new market verticals. The strategic nature of the recent financing suggests a focus on strengthening its competitive advantage and solidifying its position as a leader in high-precision manufacturing solutions.
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