Simplex raises funding to expand CNC machine production in Tenth of Ramadan City, Egypt

Simplex is raising a new funding round to finance the construction of a third 20,000 sqm facility in Tenth of Ramadan City, Egypt, which will increase annual CNC machine production capacity from 1,500 to 3,500 units. The company also secured a USD 1.5 million angel bridge round.

“The financing comes from the previous round, plus we have an ongoing funding round that hasn’t closed yet.”enterpriseam.com

• 1 source
• enterpriseam.comSimplex raises new funding round to up CNC annual production capacity to 3.5k unitsAug 3, 2026

Summarized from public sources; check the original articles before acting on it.