Micro-SMART Systems Funding: How Much Did They Raise & Key Investors

How Much Did Micro-SMART Systems Raise?
Funding & Key Investors

Micro-SMART Systems, a significant player in the Oil and Gas Exploration & Production Industry, has recently secured a major strategic investment, contributing to its total funding of $166K. The specifics of this recent capital infusion, amounting to $166K, were finalized on January 27, 2021, marking a key moment in the company's trajectory.

What is Micro-SMART Systems?

Micro-SMART Systems

Manufacturing

Industrial Machinery & Equipment

Established in 1989, Micro-SMART Systems specializes in providing advanced slickline equipment, wireline tools, and slickline tools. With over a century of combined experience, the company designs, tests, and manufactures innovative products for oilfields globally. Their comprehensive product line includes Non-Explosive Dumping Tools, Slickline Trigger Systems, Downhole Shut-In Tools, and Memory Pressure Temperature Gauges, all engineered to boost operational efficiency through state-of-the-art technology and built-in diagnostic algorithms, ensuring user-friendliness and adaptability.

How much funding has Micro-SMART Systems raised?

Micro-SMART Systems has raised a total of $166K across 1 funding round:

2021

Debt

$166K

Debt (2021): $166K with participation from PPP

What's next for Micro-SMART Systems?

The recent large-scale, late-stage funding signifies a pivotal phase for Micro-SMART Systems, likely aimed at accelerating its market expansion and enhancing its technological capabilities. This strategic backing is expected to fuel further innovation in their specialized oilfield equipment and potentially broaden their service offerings. The company's focus on operational efficiency and advanced diagnostics positions it well for continued growth within the competitive Oil and Gas sector.

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