# mecorad

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

- Industry: Industrial Machinery
- Headquarters: Cologne, Germany
- Website: www.mecorad.com
- Latest round: Seed (Mar 20, 2020)
- Investors on record: 1

## About

mecorad GmbH is a technology company specializing in in-line measurement and optimization solutions for the hot forming of metals, enhancing production efficiency across various industrial sectors.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. It has executed 2 deals, with its most recent deal occurring on July 24, 2023.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 target clientele spans various industrial sectors globally, including manufacturers in Europe, Asia, and North America, focusing on reducing yield loss and enhancing production efficiency across their value chains.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. Specific pricing structures are established based on product features and the customization required to meet client specifications, ensuring that customers receive tailored solutions that enhance their operational capabilities and efficiency.In July 2023, mecorad GmbH raised an undisclosed amount of venture funding from new investors Aperam Ventures and Mittelstandsische Beteiligungsgesellschaft Sachsen mbH, with participation from returning investor Fraunhofer Technologie-Transfer Fonds GmbH. The company will use the funding to support its product development and accelerate its market expansion in Europe and the US. Future plans include the launch of new products designed to enhance measurement accuracy and efficiency, targeting key industrial markets in these regions.

## Funding rounds

- Seed, Mar 20, 2020 — Fraunhofer Technologie-Transfer Fonds

## Investors

- Fraunhofer Technologie-Transfer Fonds — Seed