MIT
Latest round
- Series A
Last raised
- Nov 2021
Total raised
- $2.1M
Investors
- 2
About MIT
, Ltd. develops specialized inspection solutions. The firm operates from its headquarters in Incheon, South Korea., Ltd. specializes in advanced inspection equipment focused on ultrasound technology, vision/thickness measurement devices, and smart factory system integration software. The core offerings include the MIT-U100 ultrasound inspection device for non-destructive testing and the MIT-T700 vision inspection system for real-time defect detection. These products serve various industries, including manufacturing and quality assurance, delivering critical solutions for clients aiming for high production standards., Ltd. generates revenue through direct sales of its inspection equipment and software solutions, primarily targeting B2B transactions. The business model involves providing customized solutions to industrial clients, focusing on one-time purchases and potential maintenance agreements. Clients commonly procure flagship products like the MIT-U100 and MIT-T700 in bulk, often engaging in partnerships with distributors to enhance market reach. Aiming to introduce new advanced inspection devices and integrate additional software capabilities, the company targets growth in Asia and Europe by 2023, focusing on increasing its market presence in key manufacturing sectors.
Who invested in MIT
2 investors across 1 round
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Funding rounds
Series A
Nov 13, 2021
Amount
$2.1M
Investors
Questions about MIT
Who invested in MIT?
MIT has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MIT raised?
MIT has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MIT last raise money?
MIT's most recent round on record is a Series A, in Nov 2021.
What does MIT do?
MIT is a industrial machinery company.
Where is MIT headquartered?
MIT is headquartered in Incheon, South Korea.
Which VCs invest in companies like MIT?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back industrial machinery companies at MIT's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series A
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