How Much Did State Technology Raise?
Funding & Key Investors

State Technology has successfully secured a significant capital injection, bringing its cumulative financial backing to $40K. This latest infusion of $40K represents a pivotal moment for the Bridgeport-based firm as it transitions into a more aggressive phase of operational scaling. By leveraging this recent investment, the company aims to solidify its market position within the highly specialized field of medical diagnostic equipment maintenance and laboratory instrumentation support.

What is State Technology?

State Technology
Consumer ServicesRepair Services

State Technology Inc. operates as a critical infrastructure partner for the biomedical sector, providing ISO 9001:2015 certified calibration, refurbishment, and repair services. The company addresses the complex technical requirements of modern laboratories by offering precise volumetric, temperature, and weight calibration, alongside comprehensive validation services. Their technical expertise encompasses a broad spectrum of essential equipment, including centrifuges, pH meters, and specialized tube sealers. By maintaining rigorous compliance standards, State Technology ensures that healthcare and research facilities can operate with the high degree of accuracy required for sensitive diagnostic and analytical processes.

How much funding has State Technology raised?

State Technology has raised a total of $40K across 1 funding round:

2021

Debt

$40K

Debt (2021): $40K with participation from PPP

Key Investors in State Technology

PPP

Public-Private Partnership

What's next for State Technology?

With the recent influx of capital, State Technology is well-positioned to expand its service footprint and enhance its technical capabilities. The strategic focus will likely center on scaling its refurbishment operations to meet the growing demand for cost-effective, high-quality laboratory equipment maintenance. As the company moves through its current growth stage, management is expected to prioritize the integration of advanced diagnostic tools and the expansion of its service network to better support the evolving needs of the biomedical industry. This trajectory suggests a commitment to long-term operational excellence and market leadership in the specialized instrumentation repair space.

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Frequently Asked Questions Regarding State Technology Financial Insights

What are the most recent funding rounds that State Technology has completed, and what were the funding rounds?
State Technology has recently completed 1 funding rounds: Debt on Mar 26, 2021.
What is the total amount of funding State Technology has raised to date?
State Technology has raised a total of $40K in funding to date.
How many funding rounds has State Technology completed?
State Technology has completed 1 funding rounds.
How much funding did State Technology raise in its most recent funding round?
State Technology raised $40K in its most recent funding round.
Who are the lead investors in State Technology's latest funding round?
The lead investor in State Technology's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in State Technology's history?
The largest funding round in State Technology's history was $40K.
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