Circuit Technology Inc (CTI) is a manufacturers' representative and distributor specializing in equipment for the assembly, repair, and cleaning of printed circuit boards (PCBs), serving electronics manufacturers with SMT prototype, production, and test tools.[2][6] Founded in 1994 and based in Merrimack, New Hampshire, the company offers products like stencil printers, 3D solder paste inspection, placement systems, reflow ovens, AOI/X-ray inspection, and rework stations, alongside support items such as soldering equipment, microscopes, and IPC training services.[1][2] With annual revenue around $5-6.6 million and a small team of about 12 employees, CTI focuses on building customer partnerships to enhance manufacturing capabilities, capacity, and profitability in the electronics sector.[1][2][4]
Distinct from related entities like Circuit Technology Center (a rework/repair service since 1979) or Circuit Technology Training Inc. (IPC-focused training), CTI emphasizes equipment distribution and value-added support for PCB assembly processes.[2][3][4][7]
Circuit Technology Inc was founded in 1994 by Bob Doetzer, who drew from his extensive background in electronics manufacturing, sales, and distribution.[2] Doetzer established CTI to address gaps in PCB assembly equipment by evaluating and selecting high-value tools for customers, evolving the business through ongoing market assessment.[2] Early focus centered on core SMT equipment, expanding to a broad line card including printers, inspection systems, ovens, and rework tools, while adding support products and IPC consulting.[2][6]
Key milestones include building a reputation for post-sale support and ROI-driven solutions, as evidenced by customer testimonials praising Doetzer's partnership approach.[2] The company remains led by Doetzer as President, maintaining a lean operation in Merrimack, NH.[1][2]
Circuit Technology rides the wave of surging demand for advanced PCB assembly amid electronics miniaturization, 5G/edge computing, IoT proliferation, and high-reliability needs in automotive, aerospace, and consumer devices.[2][3] Timing aligns with post-pandemic supply chain shifts favoring U.S.-based distributors for faster sourcing and reduced geopolitical risks, benefiting NAICS 334 (electronics manufacturing) players.[1] Market forces like labor shortages and skill gaps amplify CTI's role in equipping firms with automated inspection (AOI/AXI) and rework tools, while IPC training addresses certification mandates.[2][6][7]
CTI influences the ecosystem by enabling smaller manufacturers to scale SMT capabilities, attract business through improved quality/profitability, and compete with giants via accessible, high-ROI equipment—supporting the resurgence of domestic electronics production.[2]
CTI's niche focus positions it for steady growth as PCB complexity rises with AI hardware, EVs, and flexible electronics, potentially expanding via partnerships in emerging tech like microelectronics or additive manufacturing.[2][6] Trends like automation and sustainability (e.g., lead-free processes, aqueous cleaning) will shape its trajectory, with opportunities in high-mix/low-volume prototyping for startups.[2] Influence may evolve through deeper IPC integration or digital twin-enabled equipment, solidifying its role as a profitability partner in a fragmenting supply chain—echoing its origin as a solutions provider in electronics manufacturing.[2][6]
Circuit has raised $29.0M in total across 3 funding rounds.
Circuit's investors include 7BC Venture Capital, Tribeca Venture Partners, Blackhorn Ventures, SOSV, Hudson Valley Startup Fund.
Circuit has raised $29.0M across 3 funding rounds. Most recently, it raised $17.0M Series B in February 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2025 | $17.0M Series B | 7BC Venture Capital, Tribeca Venture Partners | |
| Sep 1, 2022 | $11.0M Series A | 7BC Venture Capital, Tribeca Venture Partners | |
| Oct 1, 2018 | $1.0M Seed | Blackhorn Ventures, SOSV, Hudson Valley Startup Fund |
