Smartex Corporation
Latest round
- Series A
Last raised
- Nov 2022
Total raised
- $25M
Investors
- 10
About Smartex Corporation
Founded in 2018, Smartex Corporation is headquartered in Porto, Portugal, and specializes in automated quality inspection for the textile sector.Smartex specializes in advanced automated inspection technologies tailored for the textile industry, particularly focusing on circular knitting machines. Their primary offerings include a fully automated quality control system that eliminates the need for time-consuming manual inspections, thereby reducing human error and enhancing production efficiency. By fostering digital transformation, Smartex addresses critical issues faced by textile manufacturers, such as reliance on paper-based processes and insufficient production traceability. Their solutions are designed to save fabric, water, energy, and reduce CO2 emissions, making them appealing to a diverse clientele that includes leading manufacturers and distributors across multiple continents, specifically targeting markets in Europe, North America, and Asia.Smartex generates revenue primarily through B2B partnerships with textile manufacturers, offering subscription-based access to its automated inspection systems. The company’s transactions typically involve long-term contracts that provide clients with ongoing support, maintenance, and updates for their systems. Clients benefit from a comprehensive solution that includes the initial installation of the Smartex System along with continuous improvements and training. The pricing structure accommodates varying scales of operation, ensuring that both large enterprises and smaller manufacturers can leverage their technology.Smartex Corporation plans to launch new products aimed at further enhancing their automated inspection capabilities, with targeted release dates expected in early 2025. The company is focused on expanding its footprint in key markets such as Asia and North America, with strategic initiatives expected to roll out by mid-2025.8, will be allocated towards research and development for new product innovations and supporting regional market expansions.
Who invested in Smartex Corporation
10 investors across 4 rounds
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Questions about Smartex Corporation
Who invested in Smartex Corporation?
Smartex Corporation has 10 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Smartex Corporation raised?
Smartex Corporation has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Smartex Corporation last raise money?
Smartex Corporation's most recent round on record is a Series A, in Nov 2022.
What does Smartex Corporation do?
Founded in 2018, Smartex Corporation is headquartered in Porto, Portugal, and specializes in automated quality inspection for the textile sector.
Where is Smartex Corporation headquartered?
Smartex Corporation is headquartered in Porto, Portugal.
Which VCs invest in companies like Smartex Corporation?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Smartex Corporation's stage. Their profiles are linked below.
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