Automation Alley is continuing its investment in local startups, sinking seed capital into another six companies in the first quarter of this year.
The most recent startups to receive investments include RazorThreat, Len & Jerry's Modular Components, MEISelectric, The Automation of Things, MagWerks LED and Quipzor. All of these companies have participated in Automation Alley's 7Cs program, which is focused on helping local companies integrate advanced manufacturing methods into their business models.
RazorThreat is a Pontiac-based software firm that specializes in online security.
Len & Jerry's Modular Components is a manufacturing company that works in custom tooling in Clinton Township.
MEISelectric is based Clawson and works in conceiving and creating prototypes.
The Automation of Things creates software for industrial applications and is based in Sterling Heights. Oxford-based
MagWerks LED works in LED light products.
Quipzor calls Bloomfield Hills home and helps enable pre-surgical collaboration between hospitals, physicians and surgical device company representatives.
The investment comes from Automation Alley's Pre-Seed Fund. The $9 million fund invest tens of thousands of dollars into each startup, sometimes hundreds of thousands of dollars. It has invested in 54 locally startups since 2004.
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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