SIMTEK
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $3.0m | Early VC | |
N/A | $10.4m | Early VC | |
$4.6m | Early VC | ||
N/A | $44.0m Valuation: $44.0m | Acquisition | |
$500k | Convertible | ||
Total Funding | AUD28.6m |
Recent News about SIMTEK
EditFounded in 1994, SIMTEK GmbH specializes in the development, production, and sale of high-quality carbide precision tools for metalworking. The company serves a diverse range of clients in the manufacturing and engineering sectors, providing tools for applications such as turning, grooving, milling, broaching, thread whirling, and polygon milling. SIMTEK operates in the global market, leveraging its expertise to deliver both standard and customized tool solutions. The business model focuses on direct sales and digital services, offering clients around-the-clock access to a wide array of functions and possibilities. Revenue is generated through the sale of high-performance tools and digital service subscriptions.
Keywords: carbide tools, precision machining, metalworking, turning, milling, grooving, broaching, thread whirling, digital services, customized solutions.