Memex Automation secures $2.4 mln from angel investors, FedDev Ontario
Astrix Networks Inc, which operates as Memex Automation, has obtained up to $800,000 from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). FedDev Ontario said members of the Niagara Angel Network also committed $1.6 million of financing to the company. Based in Burlington, Ontario, Memex is a provider of technology solutions that enable automated machine tools to work and connect on the factory floor. The company will use investment proceeds to commercialize the latest version of its product MERLIN and additional features to be rolled out in the coming years.
19 March 2015•4 mins read
