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Microtec Corvallis

lucidyne.com

Founded Year

1985

Stage

Acquired | Acquired

Total Raised

$1.5M

About Microtec Corvallis

Microtec Corvallis manufactures scanning technologies for the wood product industry. The company focuses on final grading solutions for mills and provides solutions that give customers the ability to manage their mills and businesses.On April 30th, 2020, Microtec Corvallis was acquired by Microtec. Terms of the transaction were not disclosed.

Headquarters Location

155 SW Madison Avenue

Corvallis, Oregon, 97333,

United States

541-753-5111

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Microtec Corvallis Patents

Microtec Corvallis has filed 1 patent.

The 3 most popular patent topics include:

  • Artificial intelligence
  • Artificial neural networks
  • Classification algorithms
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/21/2020

11/10/2020

Machine learning, Artificial neural networks, Classification algorithms, Artificial intelligence, Image processing

Grant

Application Date

2/21/2020

Grant Date

11/10/2020

Title

Related Topics

Machine learning, Artificial neural networks, Classification algorithms, Artificial intelligence, Image processing

Status

Grant

Latest Microtec Corvallis News

Lumber optimization software company partners with wood processing company

May 20, 2022

Print A Microtec scanning solution checks the moisture level in this wood plank. Microtec and Lucidyne are integrating their technologies. VANCOUVER, B.C.— Lucidyne Technologies Inc., a North American supplier of automated lumber scanning and optimization, is integrating its software platform with Microtec's scanning solutions that it develops for the sawmilling and wood processing industry. Lucidyne will work under the common corporate brand of Microtech to build wood scanning solutions for customers in North America, Australia, and New Zealand. “The integration of our groundbreaking patented technology and expert team into the Microtech ecosystem brings scale, service, and innovation within North America that wasn’t possible before,” said Mark Hiatt, managing director of Lucidyne. “Our companies share a parallel history and vision that make this a perfect evolution for us — and those we serve. Now, unified as Microtech, we can offer a long-term, strengthened foundation, as well as access to an expanded product portfolio and network of support that will take our customers’ businesses to the next level.” Lucidyne will merge its patented software platform, which uses deep learning artificial intelligence techniques to grade lumber, into Microtec’s family of scanning solutions. The new Microtech Corvallis office, working out of the former Lucidyne location, will join forces with the existing Microtech Vancouver office to become one team serving the entire North American market, as well as Australia and New Zealand. Have something to say? Share your thoughts with us in the comments below.

Microtec Corvallis Frequently Asked Questions (FAQ)

  • When was Microtec Corvallis founded?

    Microtec Corvallis was founded in 1985.

  • Where is Microtec Corvallis's headquarters?

    Microtec Corvallis's headquarters is located at 155 SW Madison Avenue, Corvallis.

  • What is Microtec Corvallis's latest funding round?

    Microtec Corvallis's latest funding round is Acquired.

  • How much did Microtec Corvallis raise?

    Microtec Corvallis raised a total of $1.5M.

  • Who are the investors of Microtec Corvallis?

    Investors of Microtec Corvallis include Microtec and Paycheck Protection Program.

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