AI-powered materials testing company with patented technology and an additional SaaS business model
Company Description
Our client is an innovative company in the field of materials testing and inspection. The company has developed a patented 3-in-1 process for testing metals and specializes in the manufacture of advanced testing equipment for measuring mechanical and geometric properties. In addition to stationary devices, mobile and in-line solutions are about to be implemented.
Our client also offers a SaaS business model that complements its AI-based material testing and enables promising, recurring revenue.
Our client’s technology is already in use at various research institutions, universities, and leading companies in the automotive, aerospace & defense, and metal manufacturing industries.
Growth capital will be used to advance research and development and the SaaS business model. It will also enable investments in the company’s workforce.
Industry sector
Online / Technology / ICT