What is Silversmith?
Silversmith Data is a prominent provider of asset management solutions, specializing in serving municipalities and critical infrastructure industries such as water filtration and distribution, wastewater management, oil and gas, and fire services. Operating primarily in the Upper Midwest and Canada, the company delivers innovative, user-friendly technology designed for electronic data recording and tracking. Key products like the Asset Status Tracker (AST), AlertSmith, and Hydralert are engineered to address daily industry challenges, enabling utility teams to achieve timely responses and optimal operational efficiency. Silversmith Data's dedication to precise engineering and robust customer support has solidified its reputation as a trusted partner for numerous cities, towns, and villages.
How much funding has Silversmith raised?
Silversmith has raised a total of $453K across 2 funding rounds:
Debt
$150K
Debt
$303K
Debt (2020): $150K with participation from PPP
Debt (2021): $303K led by PPP
Key Investors in Silversmith
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Silversmith?
With a history of substantial debt financing, Silversmith appears to be in a mature phase of its lifecycle, potentially utilizing this capital for operational scaling, technological advancement, or strategic acquisitions. The recent major strategic investment suggests continued confidence from financial backers in the company's market position and future revenue generation capabilities. Future developments are likely to focus on expanding its service offerings, enhancing its technological platforms, and potentially broadening its geographic reach within its established industry verticals.
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