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
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website conceptsnrec.com/home
- Social LinkedIn X YouTube
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
Apps and channels of Concepts NREC
its YouTube channel Concepts NREC has 571 subscribers and 30 videos.
Videos from Concepts NREC
The most watched videos on Concepts NREC's YouTube channel, Concepts NREC (571 subscribers). Click a video to play it here.
More on Concepts NREC.
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 $4M
- Total Rounds 21
- Last Round Grant — $199,744
- First Round $74,960
(Jun 1997)
- Investors Count 4
Latest 10 of 21 funding rounds of Concepts NREC with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $199,744 | Grant | – | – | |
| Feb 2024 | $187,146 | Grant | – | – | |
| Jun 2018 | $2M | Grant | – | – | |
| Jun 2017 | $2.3M | Grant | – | – | |
| Jun 2017 | $1.3M | Grant | – | – | |
| Jun 2016 | $1.2M | Grant | – | – | |
| Jun 2016 | $299,893 | Grant | – | – | |
| Nov 2015 | $4M | Unspecified | – | Snowkey | – |
| Jun 2013 | $149,941 | Grant | – | – | |
| Jan 2011 | – | Grant | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Scientific and technical information is managed and disseminated by OSTI.GOV. | – | osti.gov | Oak Ridge, United States | |
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | - | |
Industrial and commercial refrigeration systems are designed and manufactured. | 2000 | snowkey.com | Fuzhou, China | |
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States |
Investor details for Concepts NREC
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Concepts NREC
37 people are tracked at Concepts NREC (11 in leadership, 26 in team).
| Name | Role | Group |
|---|---|---|
David Japikse | Chairman & CEO | Leadership |
Brittany Lemelin | Channel Partner Manager | Leadership |
Zsolt Pomazi | Vice President Operations | Leadership |
Nicholas Martin | Director Of Product Development And Testing | Leadership |
Janice Lyman | Human Resources Director | Leadership |
Dave Pincince | Director Of Marketing & Business Development | Leadership |
Daryl Bonhaus | Director Of CAE Software Development | Leadership |
Peng Wang | General Manager China | Leadership |
Jonathan Bicknell | VP Of Product And Engineering | Leadership |
Yuri Starodubtsev | Associate Director – Software Development | Leadership |
Bradley Leiser | Corporate Counsel, Director - Administration | Leadership |
Kate Guerrina | Marketing Manager | Team |
Rachel Moore | Senior Software Engineer | Team |
Chad Pasho | Business Development Manager - Engineering | Team |
Jesse Cheung | CAE Applications Engineer | Team |
Akshay Basavaraj Bagi | CAE Engineering Software Global Support Manager | Team |
Gwen Rachel Stanley | Contracts And SBIR Coordinator | Team |
Dulceneia Becker | Technical Lead Software Engineer | Team |
Alex McLean | Product Integration Manager, Associate Fellow | Team |
Joseph Jordan | Sales Manager | Team |
17 more people are available in the full profile.
Complete people profiles for Concepts NREC
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Engineering services and software for rotating machinery dynamics and bearings analysis are provided by RBTS to a diverse range of industries. | rbts.com | – | 0 | Jan 2024 | •••• |
Complete acquisition details for Concepts NREC
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Timeline of Concepts NREC
4 dated milestones of Concepts NREC across 68 years, from founding to its latest funding, stage changes and deals.
- Founded Concepts NREC is founded.
- Funding First funding round of $75K.
- Acquisition Acquires RBTS.
- Funding Latest funding round, Grant, of $200K.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autodesk.com | 1982 | San Francisco, United States | – | 14,100 | Provider of cloud-based 3D CAD modeling software for the AEC industry | |
| valispace.com | 2016 | Bremen, Germany | $7.14M | – | Web-based SaaS platform for engineering complex hardware is provided. | |
| inventables.com | 2002 | Chicago, United States | $32.72M | 43 | Provider of subtractive manufacturing systems | |
| hoteamsoft.com | 1993 | Jinan, China | $104.71M | – | 3D design and PLM software is provided for industries. | |
| autoform.com | 1995 | Pfaffikon, Switzerland | – | 15 | Software solutions for sheet metal forming are provided by AutoForm. | |
| jitx.com | 2017 | Berkeley, United States | $12.15M | 15 | AI-powered software is provided for PCB design. | |
| cevotec.com | 2015 | Munich, Germany | $1.96M | 18 | Technology for carbon composite fiber production is provided. | |
| rapidradio.co.in | 2006 | Ahmedabad, India | $181,015 | 47 | RFID products are designed and manufactured for various applications. |
Detailed competitors of Concepts NREC
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Concepts NREC
The website of Concepts NREC (conceptsnrec.com) receives about 19.8K visits a month.
- Monthly visits19.8K
▼ 18.2% vs previous month
Websites whose visitors overlap most with Concepts NREC. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
gic-edu.com | gic-edu.com | 100% | – | – | – |
electronics-cooling.com | electronics-cooling.com | 90% | – | #973,417 | – |
en.cfturbo.com | en.cfturbo.com | 60% | – | – | – |
| moeller-aerospace.com | 31% | 2.7K | #6,331,615 | View details |
Latest news on Concepts Nrec
Complete news archive for Concepts NREC
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Concepts NREC
10 companies that operate in the same segment as Concepts NREC (Manufacturing Tech Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | – | – | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 203.44 M | USD 686.63 M | 1,090 | |
Hexagon is recognized for delivering advanced measurement and automation technologies. | 1980 | Stockholm, Sweden | – | USD 6.52 B | – | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M | – | – | |
Cloud-based 3D CAD system is accessed via web browsers. | 2012 | Cambridge, Massachusetts, United States | USD 348.69 M | USD 695.52 K | – | |
AI-powered data science platform enables model deployment and analytics insights. | 1985 | Troy, United States | USD 35.05 M | – | – | |
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Manufacturing solutions are provided for industrial and consumer sectors. | 2018 | Bengaluru, Karnataka, India | USD 857.1 M | USD 1.71 B | 1,248 | |
Equipment rental marketplace and digital tools for construction are offered. | 2014 | Columbia, United States | USD 806.48 M | USD 4.38 B | – | |
Modular hardware and software platform for industrial automation is provided. | 2016 | Montreal, Quebec, Canada | USD 263.41 M | – | – |
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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.