What is Power/mation?
Power/mation is a provider of comprehensive solutions encompassing safety, robotics, process automation, Industrial Internet of Things (IIoT), and pneumatics. Headquartered in St. Paul, MN, the company offers a range of technology products and services designed to enhance operational efficiency and safety for its clients. The recent major strategic investment suggests a focus on scaling its advanced automation and IIoT capabilities.
How much funding has Power/mation raised?
Power/mation has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in Power/mation
PPP
Public-Private Partnership
What's next for Power/mation?
The company's positioning within enterprise-level funding, coupled with a recent strategic investment, indicates a trajectory towards significant growth and market expansion. Power/mation is likely to leverage this capital to further develop its robotics and process automation offerings, potentially integrating more advanced IIoT solutions to meet the evolving demands of industrial clients. Future developments may include strategic partnerships or acquisitions to bolster its technology portfolio and market reach, solidifying its role as a key player in the automation and IIoT landscape.
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