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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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for turbomachinery design and analysis processes
Services for producing turbomachinery components and prototypes
Courses on turbomachinery design and dynamics techniques
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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.
- Total Funding Total Funding
- Total Rounds 21
- Last Round Grant — $199,744
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First Round
First Round
(01 Jun 1997)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Grant - Concepts NREC | Valuation |
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| Feb, 2024 | Amount | Grant - Concepts NREC | Valuation |
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| Jun, 2018 | Amount | Grant - Concepts NREC | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location | |
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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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Industrial and commercial refrigeration systems are designed and manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Concepts NREC
Concepts NREC has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include RBTS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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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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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Concepts NREC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Concepts Nrec Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of cloud-based 3D CAD modeling software for the AEC industry
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| domain | founded_year | HQ Location |
Web-based SaaS platform for engineering complex hardware is provided.
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| domain | founded_year | HQ Location |
Provider of subtractive manufacturing systems
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| domain | founded_year | HQ Location |
3D design and PLM software is provided for industries.
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| domain | founded_year | HQ Location |
Software solutions for sheet metal forming are provided by AutoForm.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Concepts Nrec
Frequently Asked Questions about Concepts NREC
When was Concepts NREC founded?
Concepts NREC was founded in 1956 and raised its 1st funding round 41 years after it was founded.
Where is Concepts NREC located?
Concepts NREC is headquartered in Springfield, United States.
Who is the current CEO of Concepts NREC?
David Japikse is the current CEO of Concepts NREC.
Is Concepts NREC a funded company?
Concepts NREC is a funded company, having raised a total of $4M across 21 funding rounds to date. The company's 1st funding round was a Grant of $2M, raised on Jun 01, 1997.
What does Concepts NREC do?
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.
Who are the top competitors of Concepts NREC?
Concepts NREC's top competitors include Autodesk, Inventables and Cevotec.
What products or services does Concepts NREC offer?
Concepts NREC offers Agile Engineering Design System, Custom Manufacturing Services, and Engineering Training Courses.
How many acquisitions has Concepts NREC made?
Concepts NREC has made 1 acquisition, including RBTS.
Who are Concepts NREC's investors?
Concepts NREC has 4 investors. Key investors include DOE, Snowkey, OSTI.GOV, and National Science Foundation.
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