Solidica takes in more VC, set to create 12 new jobs
More money is coming to Ann Arbor’s Solidica, which will bring more jobs to the local start-up as well. The firm has hired five new people since May and plans to hire another dozen more after a $1.9 million investment. Of that money, $900,000 came from Michigan’s 21st Century Jobs Fund and another $1 million came from private investors. North Coast Technology Investors originally backed the company, helping make it is what is today.The company started in 1999 but really started to take off in the last couple of years, hiring nearly 20 of its 35 people. The firm creates supplies for both wireless and wired systems. Quite often they include built-in wireless sensors, which allow for immediate feedback. For instance, if a military vehicle crashes, a central command post will know almost immediately because of Solidica’s technology. With that in mind, the company plans to pursue military contracts with its latest products.Source: Michigan Economic Development CorporationWriter: Jon Zemke
More money is coming to Ann Arbor’s Solidica, which will bring more jobs to the local start-up as well.
The firm has hired five new people since May and plans to hire another dozen more after a $1.9 million investment. Of that money, $900,000 came from Michigan’s 21st Century Jobs Fund and another $1 million came from private investors.
North Coast Technology Investors originally backed the company, helping make it is what is today.
The company started in 1999 but really started to take off in the last couple of years, hiring nearly 20 of its 35 people.
The firm creates supplies for both wireless and wired systems. Quite often they include built-in wireless sensors, which allow for immediate feedback. For instance, if a military vehicle crashes, a central command post will know almost immediately because of Solidica’s technology.Â
With that in mind, the company plans to pursue military contracts with its latest products.
Source: Michigan Economic Development Corporation
Writer: Jon Zemke
Related Articles
On-Demand Coaching helps Ypsi’s government and small businesses build a winning team
A Michigan Municipal League program helps Ypsi and other municipalities connect small businesses and entrepreneurs with existing capital and technical assistance.Â
Ann Arbor DDA expands its boundaries for first time, enabling new projects on city’s North Side
The goal of the Ann Arbor Downtown Development Authority’s expansion is to strengthen connections between downtown, the Huron River, and Ann Arbor’s North Side.
Ypsilanti African-American cemetery is being rehabilitated after decades of disrepair
The African American Cultural and Historical Museum of Washtenaw County has been cleaning up Woodlawn Cemetery and working to identify lost graves.
