Trinity Capital Inc. Provides $20 Million Equipment Financing to Formlogic
Formlogic is changing how precision parts are sourced and manufactured by separating engineering from physical labor. Through a combination of remote AI-based planning and autonomous production, the company has created software that performs the simulations needed to produce effectively, replacing the guess-and-check method usually done by a skilled worker.
"The manufacturing sector is home to some of the most innovative ideas in the medical, semiconductor, and aerospace industries and we're excited to add Formlogic to our portfolio," said
Formlogic has factories located in
"Formlogic is on a mission to help modernize the industrial supply chain and ensure tens of billions of dollars in skilled manufacturing remains in the US," said
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company's website at www.trinitycap.com.
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Ben Malcolmson, Head of Investor Relations, Trinity Capital Inc., email@example.com