What is Micro-SMART Systems?
Micro-SMART Systems, founded in 1989, is a prominent designer and manufacturer of specialized equipment for the Oil and Gas Exploration & Production Industry. Their product portfolio includes slickline equipment, wireline tools, and slickline tools, such as Slickline Trigger Systems, Non-Explosive Dumping Tools, Downhole Shut-In Tools, and Memory Pressure Temperature Gauges. Leveraging over a century of combined expertise, the company provides advanced technology and essential services including calibration, verification, and testing, powered by their innovative SMART electronics and diagnostic algorithms.
How much funding has Micro-SMART Systems raised?
Micro-SMART Systems has raised a total of $166K across 1 funding round:
Debt
$166K
Debt (2021): $166K with participation from PPP
What's next for Micro-SMART Systems?
The substantial late-stage funding indicates Micro-SMART Systems is poised for significant expansion and further technological development. This capital injection will likely fuel efforts to enhance manufacturing capabilities, broaden market reach, and potentially invest in research and development for next-generation oilfield solutions. The company's focus on specialized, high-performance tools positions it to capitalize on evolving industry demands for efficiency and safety in exploration and production operations.
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