MIAMI--Clarke Industrial Engineering Inc. (Clarke), which designs and markets the patented Shutter Valve, recently completed its 3rd round of venture funding bringing the total raised to $3.7 million.
Mark Kacer, Clarke's CFO/COO, stated, “This enables us to fund volume production of our 1”, 2” and 4” Shutter Valves for our lead customers who represent billions of dollars of industrial revenue. As demand for our products continues to grow, the cost efficiencies realized from these volume builds directly result in competitive pricing for Clarke’s premium products.”
“We also further enhanced our management team with the addition of Jeff Buck, a seasoned executive with world class experience in engineering and production,” added Kacer. “As the former CEO of a leading custom manufacturing company with four facilities in New England, Buck not only brings world class supply chain management skills to Clarke but also provides additional strategic perspective that will help Clarke accelerate its success. Furthermore, we recently recruited Chad Heffernan as our Manager of Sales & Marketing reporting to Kyle Benson, VP of Sales & Marketing. Heffernan brings Clarke over twenty years of high level, strategic sales and marketing experience.”
Kyle Daniels, Founder and CEO added, “We have designed our Shutter Valve to not only provide the best flow control performance in the world, but also for ease of manufacturing, providing surprising value to our customer base. With Jeff Buck onboard, combined with the other members of senior management, I am very confident that we have the right team in place to diffuse our superior technology on a mass scale to industrial companies around the world."
Bill Dambrackas, Clarke's Chairman added, “Bill Pruitt and his associates led this latest round of funding and represented the majority of the funds raised. They were joined by Clarke's original investor, New World Angels (NWA), which has invested in all 3 rounds".
“Bill Pruitt, along with Alexander J. Blake, an initial and continuing Clarke investor, have joined our Board of Directors adding their valuable experience and knowledge to help guide the Company,” said Dambrackas. “Clarke is now well-positioned to establish a market presence in the world-wide $100 billion valve market," he added.
About Clarke Industrial Engineering:
Clarke Industrial Engineering is the innovation leader in the valve industry. By applying aerospace-inspired design concepts to the field of flow control, Clarke has developed the next generation of premium industrial valves to power the world’s best companies.
CEO & President Kyle Daniels holds advanced degrees in engineering and entrepreneurship from Ohio State and Brown University. Mr. Daniels invented the Shutter Valve and through many years of innovations has developed it into the finest high performance valve in the world. The Company’s mission is to continue to innovate and develop valves that customers, technicians, mechanics and engineers will view as the new standard for premium industrial valves.
Contact Clarke at 401-667-7880 or visit their website at: www.clarkeindustrialengineering.com