mecorad

Founded in 2018, mecorad GmbH operates out of Cologne, Germany, focusing on innovative measurement technology for metal processing. The company was established by Marc Banaszak, a seasoned entrepreneur.mecorad GmbH specializes in in-line measurement and optimization technology for the hot forming of steel and non-ferrous metals. Their core product offerings include advanced radar measurement solutions designed for continuous casting and the rolling of various metal forms such as flats, longs, and heavy plates. The technology utilizes non-harmful electromagnetic waves to emit high-frequency signals that accurately detect metallic objects, measure distances, and ascertain positions, even in challenging environments like those involving high temperatures or smoke. Their flagship product, the wtl series, provides micrometer-level accuracy, with capabilities of measuring widths up to 200 micrometers and thicknesses up to 50 micrometers in real-time.The revenue model of mecorad GmbH revolves around the sale of specialized sensors and measurement technologies tailored for industrial applications. Transactions typically occur through direct business-to-business engagements, where manufacturers purchase their radar measurement systems for integration into existing production lines. These transactions may involve one-time purchases or potential service agreements for ongoing support and maintenance. The company’s advanced products, particularly the wtl series, command premium pricing given their precision and ability to operate in extreme conditions. Future plans include the launch of new products designed to enhance measurement accuracy and efficiency, targeting key industrial markets in these regions.

1. Seed

   Mar 20, 2020

   Amount

   Undisclosed

   Investors

   Locked