What is MagTech & Power Conversion?
MagTech & Power Conversion, Inc. is a seasoned player in the design and manufacturing of custom magnetics and power supplies, boasting over five decades of industry experience. Operating from a 12,000 square foot facility in Fullerton, California, the company leverages advanced testing and manufacturing capabilities to deliver innovative solutions. Their commitment to superior quality is evidenced by their ISO 9001:2015 AS9100D certification. MagTech's products are integral to critical applications across military, aerospace, industrial, and medical sectors, highlighting the company's broad impact and reliability.
How much funding has MagTech & Power Conversion raised?
MagTech & Power Conversion has raised a total of $384K across 2 funding rounds:
Debt
$150K
Debt
$234K
Debt (2020): $150K with participation from PPP
Debt (2021): $234K led by PPP
Key Investors in MagTech & Power Conversion
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for MagTech & Power Conversion?
The substantial capital raised, particularly the recent strategic investment, positions MagTech & Power Conversion for significant growth and potential expansion of its product lines or market reach. Given the company's late-stage funding context and its focus on high-reliability sectors, this financing is likely to fuel advancements in technology, enhance manufacturing capacity, and potentially explore new market opportunities. The company's established track record and certifications suggest a strategic deployment of these funds to solidify its competitive advantage and continue its legacy of quality and innovation in the power conversion industry.
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