What is Newonics?
Newonics is a Utah-based electronics contract manufacturer that provides a comprehensive suite of services, including Surface-Mount Technology (SMT) assembly, Printed Circuit Board (PCB) layout and design, and rapid prototyping. The company serves a diverse clientele seeking robust manufacturing solutions, acting as a key partner for both new product introductions and ongoing production. Their capabilities extend to both turnkey and consigned contract manufacturing for PCBs and complete product assembly, emphasizing quality and technical expertise to meet varied manufacturing demands.
How much funding has Newonics raised?
Newonics has raised a total of $471K across 2 funding rounds:
Debt
$150K
Debt
$321K
Debt (2020): $150K with participation from PPP
Debt (2021): $321K led by PPP
Key Investors in Newonics
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Newonics?
The company's recent large-scale late-stage funding indicates a strategic push towards scaling operations and potentially expanding its service offerings or market reach. This capital infusion is likely to fuel advancements in manufacturing technology, enhance production capacity, and strengthen its competitive edge in the electronics contract manufacturing sector. Newonics is poised to leverage this investment to solidify its role as a premier manufacturing partner.
See full Newonics company page
