Smartex Corporation

Smartex Corporation develops automated inspection technologies for the textile industry, enhancing quality control and sustainability in production processes through innovation and digital transformation. Founded in 2018, Smartex Corporation is headquartered in Porto, Portugal, and specializes in automated quality inspection for the textile sector. The company has undertaken 6 significant deals, with its most recent funding round being a SERIES A in December 2024, raising USD 24. 70 mn from various investors including Bombyx Capital Partners AG and H&M Group.

The founders, Gilberto Loureiro and Paulo Ribeiro, have backgrounds in technology and innovation, contributing to the company's strategic direction. Smartex specializes in advanced automated inspection technologies tailored for the textile industry, particularly focusing on circular knitting machines. Their primary offerings include a fully automated quality control system that eliminates the need for time-consuming manual inspections, thereby reducing human error and enhancing production efficiency. By fostering digital transformation, Smartex addresses critical issues faced by textile manufacturers, such as reliance on paper-based processes and insufficient production traceability.

Their solutions are designed to save fabric, water, energy, and reduce CO₂ emissions, making them appealing to a diverse clientele that includes leading manufacturers and distributors across multiple continents, specifically targeting markets in Europe, North America, and Asia. With a commitment to sustainability and operational excellence, Smartex aims to empower textile factories to optimize their operations and achieve significant resource savings. Smartex generates revenue primarily through B2B partnerships with textile manufacturers, offering subscription-based access to its automated inspection systems. The company’s transactions typically involve long-term contracts that provide clients with ongoing support, maintenance, and updates for their systems.

Clients benefit from a comprehensive solution that includes the initial installation of the Smartex System along with continuous improvements and training. The pricing structure accommodates varying scales of operation, ensuring that both large enterprises and smaller manufacturers can leverage their technology. By collaborating with prominent players in the textile market, Smartex establishes a solid revenue stream while contributing to enhanced productivity and sustainability within the industry. Smartex Corporation plans to launch new products aimed at further enhancing their automated inspection capabilities, with targeted release dates expected in early 2025.

The company is focused on expanding its footprint in key markets such as Asia and North America, with strategic initiatives expected to roll out by mid-2025. The recent funding raised in December 2024, amounting to EUR 838,264. 8, will be allocated towards research and development for new product innovations and supporting regional market expansions.