What is Mirac?
Mirac operates as a high-precision manufacturer specializing in the design, fabrication, and assembly of printed circuit boards and complex wire harnesses. Its core competency lies in serving high-stakes industries, including the energy and petroleum sectors, as well as commercial and industrial markets. By maintaining rigorous quality standards and advanced assembly processes, Mirac provides the essential hardware infrastructure required for modern industrial operations.
The company's market position is defined by its ability to bridge the gap between complex engineering requirements and large-scale production. As industries shift toward more integrated electronic systems, Mirac's expertise in wire harness fabrication and PCB assembly serves as a foundational element for its clients' operational success, effectively positioning the firm as a vital link in the industrial manufacturing ecosystem.
How much funding has Mirac raised?
Mirac has raised a total of $7.9M across 2 funding rounds:
Other Financing Round
$7.5M
Debt
$350K
Other Financing Round (2018): $7.6M with participation from Advantage Capital
Debt (2020): $350K led by PPP
Key Investors in Mirac
Advantage Capital
Advantage Capital Partners is a venture capital firm that invests in cleantech, communication, energy, information technology, and life sciences industries.
PPP
Public-Private Partnership
What's next for Mirac?
With the recent capital deployment, Mirac is poised to accelerate its strategic initiatives, focusing on operational efficiency and technological integration. The company is expected to utilize this financing to expand its fabrication capacity, potentially targeting new segments within the renewable energy and smart industrial infrastructure markets.
Looking ahead, the focus will likely remain on scaling production throughput while maintaining the high-reliability standards required by its energy-sector clientele. By reinvesting in advanced assembly automation and supply chain optimization, Mirac aims to fortify its competitive advantage, ensuring long-term sustainability and growth in an increasingly digitized industrial landscape.
