How much funding has Simplex raised?

Simplex has raised $7.0M in total funding, most recently a Series A round.

Who are Simplex's investors?

Simplex's investors include Nuvei, Bitmain.

Where is Simplex headquartered?

Simplex is headquartered in Nasr City, Egypt.

Simplex

Acquired

Egyptian-made CNC machines for industry across the Middle East and Africa

Nasr City, Egypt · Founded 2013 · $7.0M raised

Robotics

Headquarters: Nasr City
Employees: 201–500
Founded: 2013
Business Model: B2B
Website: simplexarabia.com

Total Funding: $7.0M
Last Round: $7.0M Series AFeb 2016
Rounds: 2
Acquisition Date: May 2021

About

Simplex is one of Egypt's leading manufacturers of Computer Numerical Control (CNC) machines, founded in 2013 by a team of young Egyptian entrepreneurs. Headquartered in Nasr City, Cairo, Simplex produces a wide range of industrial machines including router, laser (CO2 and fiber), plasma, fiber laser, press brake, shear, and welding machines for the wood, metal, and advertising sectors. Recognized among the top 100 Arab companies in the industrial field, Simplex serves customers in more than 50 sectors across 17 countries in Egypt, the Middle East, and Africa, and maintains branches in Saudi Arabia and the UAE.

Summary

Simplex is a Robotics company based in Nasr City, Egypt, founded in 2013. It has raised $7.0M in total across 2 rounds, most recently a $7.0M Series A round in Feb 2016. Investors include Nuvei and Bitmain.