About Concepts NREC
Concepts NREC is a company based in Springfield (United States) founded in 1956. Concepts NREC has raised $4 million across 21 funding rounds from investors including DOE, Snowkey and OSTI.GOV. Concepts NREC has completed 1 acquisition, including RBTS. Concepts NREC offers products and services including Agile Engineering Design System, Custom Manufacturing Services, and Engineering Training Courses. Concepts NREC operates in a competitive market with competitors including Autodesk, Valispace, Inventables, Shandong Hoteam Software and AutoForm, among others.
- Headquarter Springfield, United States
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Industrial Goods & Manufacturing
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Products & Services of Concepts NREC
Concepts NREC offers a comprehensive portfolio of products and services, including Agile Engineering Design System, Custom Manufacturing Services, and Engineering Training Courses.
Software for turbomachinery design and analysis processes
Services for producing turbomachinery components and prototypes
Courses on turbomachinery design and dynamics techniques
People of Concepts NREC
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Funding Insights of Concepts NREC
Concepts NREC has successfully raised a total of $4M across 21 strategic funding rounds. The most recent funding activity was a Grant round of $199.74 thousand completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Concepts NREC
Concepts NREC has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include DOE, Snowkey and OSTI.GOV.
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Energy sources and policies are managed by the DOE.
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Industrial and commercial refrigeration systems are designed and manufactured.
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Investor details for Concepts NREC
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Investments & Acquisitions by Concepts NREC
Concepts NREC has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include RBTS.
Investment portfolio details for Concepts NREC
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Engineering services and software for rotating machinery dynamics and bearings analysis are provided by RBTS to a diverse range of industries.
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Complete acquisition details for Concepts NREC
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Financial Statements - Concepts NREC
Detailed financials for Concepts NREC
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Concepts Nrec Comparisons
Peer comparison for Concepts NREC
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Competitors of Concepts NREC
Concepts NREC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Autodesk, Valispace, Inventables, Shandong Hoteam Software and AutoForm, among others.
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Provider of cloud-based 3D CAD modeling software for the AEC industry
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Web-based SaaS platform for engineering complex hardware is provided.
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Provider of subtractive manufacturing systems
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3D design and PLM software is provided for industries.
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Software solutions for sheet metal forming are provided by AutoForm.
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Detailed competitors of Concepts NREC
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Latest news on Concepts Nrec
Complete news archive for Concepts NREC
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Frequently Asked Questions about Concepts NREC
Concepts NREC was founded in 1956 and raised its 1st funding round 41 years after it was founded.
Concepts NREC is headquartered in Springfield, United States.
David Japikse is the current CEO of Concepts NREC.
Concepts NREC is a funded company, having raised a total of $4M across 21 funding rounds to date.
Concepts NREC was founded in 1956 and is headquartered in Springfield, United States. Operations focus on the computer-aided engineering and manufacturing software sector. Services encompass CAE and CAM software, design audits, scoping studies, in-house laboratory testing, research and development, precision prototypes, specialized products, and manufacturing for prototypes and production runs.
Concepts NREC's top competitors include Autodesk, Inventables and Cevotec.
Concepts NREC offers Agile Engineering Design System, Custom Manufacturing Services, and Engineering Training Courses.
Concepts NREC has made 1 acquisition, including RBTS.
Concepts NREC has 4 investors. Key investors include DOE, Snowkey, OSTI.GOV, and National Science Foundation.