Concretec

Company Overview

Snapshot

Founded in November 1996 by Shimon Boiko, David Shtakelberg, and Boris Vilge, Concretec operated with 1–10 employees. The company raised $1,000,000 across one funding round from NewBold Intertrade. In October 2003, Concretec secured $1 million in funding.

Business overview

Concretec specializes in industrial technologies, developing and marketing the Contest-8, a patented technology for monitoring, setting, and hardening characteristics, and forecasting the strength of cementitious and bonding materials. This technology, based on nuclear magnetic resonance, provides rapid results for cement production processes. The company also offers consultancy services for integrating its technology into various construction materials and project applications, serving the Real Estate & Construction sector.

Company Intelligence Q&A

What is Concretec's core technology?

Concretec's core technology is the Contest-8, a patented method and apparatus utilizing nuclear magnetic resonance to monitor, set, and harden cementitious and bonding materials, and to forecast their strength. This device provides rapid results for the construction industry.

When was Concretec founded and by whom?

Concretec was founded in November 1996 by co-founders Shimon Boiko, David Shtakelberg, and Boris Vilge.

What was a significant funding event for Concretec?

In October 2003, Concretec raised $1,000,000 in a funding round from investor NewBold Intertrade.

What services does Concretec provide in addition to its core product?

Beyond its Contest-8 technology, Concretec offers consultancy services to assist clients in incorporating its technology into various construction materials and project applications.

What is the operational status of Concretec?

Concretec is currently non-active, having ceased operations in May 2020.