Simplex
AcquiredEgyptian-made CNC machines for industry across the Middle East and Africa
Nasr City, Egypt · Founded 2013 · $7.0M raised
- 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
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
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.
Tech & App Stack
4 technologies & apps tracked
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Funding History
May 2021
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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