What is Mirac?
Mirac operates as a specialized manufacturer focused on the design, fabrication, and assembly of printed circuit boards and wire harnesses. The company serves a diverse portfolio of clients across the energy, petroleum, consumer, and industrial sectors. By maintaining high-precision production standards, Mirac acts as a critical link in the supply chain for complex electronic systems, ensuring reliability for mission-critical infrastructure and commercial applications. Its market position is defined by its ability to handle high-complexity assembly requirements while maintaining the rigorous quality controls necessary for the energy and industrial markets.
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 influx of capital, Mirac is positioned to accelerate its technological integration and expand its fabrication capacity. The strategic focus will likely shift toward optimizing production throughput and enhancing the sophistication of its wire harness assembly lines to meet the evolving demands of the energy sector. As the company moves beyond its current growth phase, management will likely prioritize operational scalability and the adoption of advanced manufacturing automation to maintain its competitive edge in the printed circuit board industry. This capital deployment serves as a foundation for long-term industrial expansion and market penetration.
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