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DateInvestorsAmountRound
N/A

N/A

Grant
*

$10.0m

Series A
*

$21.0m

Series A
N/A

$6.0m

Series A
*

$9.5m

Series B

N/A

-

$20.0m

Valuation: $20.0m

Acquisition
Total FundingAUD71.9m

Recent News about ThingMagic

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ThingMagic, a division of JADAK and a Novanta Company, specializes in providing custom RFID (Radio Frequency Identification), machine vision, barcode, and light measurement solutions. The company collaborates closely with original equipment manufacturers (OEMs) to develop tailored solutions that meet specific performance and compliance standards. ThingMagic operates primarily in the medical and advanced industrial sectors, offering products that automate processes, improve efficiencies, and ensure accurate measurements. The business model revolves around designing, manufacturing, and implementing these custom solutions, generating revenue through the sale of these specialized products and services. ThingMagic's extensive engineering expertise and strategic acquisitions have solidified its position as a global leader in detection and analysis technologies. The company serves a diverse client base, including medical facilities, manufacturing plants, and logistics companies, providing them with the tools needed to enhance operational efficiency and accuracy.

Keywords: RFID, machine vision, barcode, light measurement, OEM, medical, industrial, automation, efficiency, accuracy.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.