# ASCO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/asco

- Industry: Industrial Machinery
- Headquarters: Ohringen, Germany
- Website: www.asco-maschinen.de
- Latest round: Angel (Jun 1, 2014)
- Investors on record: 1

## About

ASCO GmbH is a precision engineering company based in Germany, specializing in advanced automation solutions for various industries, enhancing operational efficiency and performance.Founded in 2014 in Ohringen, Germany, ASCO GmbH operates in precision engineering and automation technologies. The company has remained focused on its core operations without notable pivots or mergers. The founder, Akash Amrale, along with Shelby Dittmer, has been instrumental in guiding the company's strategic direction. ASCO GmbH raised financing from BayBG on June 1, 2014, to support its growth initiatives.ASCO GmbH specializes in delivering innovative solutions tailored to meet the needs of its diverse clientele. Its core offerings encompass a range of advanced technologies designed to enhance operational efficiency across sectors such as manufacturing, healthcare, and technology. The solutions enable clients to optimize processes and improve productivity, and are marketed in North America, Europe, and Asia.In the most recent financial year, ASCO GmbH reported total revenues of USD 71.01 mn, with an EBITDA of USD 5.69 mn, indicating a solid financial standing.ASCO GmbH is planning to launch a new product line aimed at enhancing automation capabilities, with target release dates expected within the upcoming year. The company is also looking to expand its presence in the Asian market by 2025, leveraging recent funding raised in June 2014 to support these initiatives, particularly in product development and market penetration.

## Funding rounds

- Angel, Jun 1, 2014 — BayBG

## Investors

- BayBG (https://capitalatlas.ai/funds/baybg) — Angel