Securing $14 million in state funding, Ohio electronics manufacturing startup Eagle Electronics eyes on boosting its Solon facility, incorporating advanced tech and partnerships to make hardware and software-secure cellular modules.
Eagle Electronics, a US-based electronics manufacturing startup, has raised $14 million in funding. The round, led by the O.H.I.O. Fund with participation from Asymmetric Capital Partners, will be used to build advanced manufacturing facility in Solon, Ohio, in collaboration with CO-AX Technology.
Utilising the financial backing, Eagle plans to combine the latest automated manufacturing and testing technologies with hardware and software cybersecurity measures across the American semiconductor supply chain.
Furthermore, the new Solon facility is poised to create multiple job opportunities in Ohio. As the company highlights, Eagle aims to contribute to strengthening America’s leadership in the semiconductor industry.
“Our goal is to set a new standard for electronics manufacturing in the U.S., combining the most advanced automated manufacturing and testing technology with rigorous hardware and software cyber-security testing throughout the supply chain,” commented TJ Dembinski, Eagle’s Co-Founder and CEO.
Ohio Lieutenant Governor Jon Husted underscored the importance of this development, stating, “Eagle is further proof that Ohio is becoming one of the world’s leading semiconductor manufacturing hubs.”
The startup has already secured customers for its cellular modules, including Boston-based Cherish, a health and safety monitoring company. It has also established partnerships with IoT solutions provider Quectel and software company Finite State.
Cherish CEO Sumit Nagpal expressed confidence in the partnership, noting that the U.S.-manufactured modules enhance customer trust in their products. Eagle’s co-founder and chairman, Mark Kvamme, also expressed excitement about the expanding customer base as the company ramps up production.
