Radar · Industrial Goods and Manufacturing in Latvia
Best Industrial Goods and Manufacturing Companies in Latvia
The 36 best Industrial Goods and Manufacturing companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: CENOS.
By Riya SenguptaFinancials
36companies tracked
$1.4Mdisclosed funding
0unicorns
1have raised
FLIAR INTELLIGENCE · INDUSTRIAL GOODS AND MANUFACTURING × LATVIA
Our analysis of 431 Industrial Goods and Manufacturing companies
$22.6b in tracked funding; 74% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
431companies analysed
74%cloud-native stacks
2025funding peak (by rounds)
13unicorns
2017median founding year
Ranked: Best Industrial Goods and Manufacturing companies in Latvia
| # | Company | Disclosed funding | Revenue | Employees | Founded | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Stokker Stokker is a sales and service company for industrial tools, equipment, heavy machinery, and workwear. | — | $98M FY2023 | 228 | — | Cart FunctionalityNode.jsSalesforce+13 | Top 5M | — |
| 2 | SIA "Energokompleks" Provider of cables & wires manufacturing and material installation services | — | $37M FY2024 | — | 2006 | PHPLeafletMapbox.js+15 | Top 10M | — |
| 3 | Eltex Manufacturer of electrostatic systems for industrial process optimization | — | $7M FY2024 | 36 36 → 26 (-28%) | — | WordPressPleskMySQL+22 | Top 10M | — |
| 4 | Satema Distributor of electrical and panel building products and services | — | $6M FY2023 | 19 | 1963 | — | — | — |
| 5 | Pakum Industrial Provider of metal structures, construction, and ship restoration services | — | $3M FY2022 | 66 | 2013 | — | — | — |
| 6 | Powerscreen Manufacturer of crushers and conveyors for the aggregates industry | — | $3M FY2022 | 7 | 2011 | — | — | — |
| 7 | Vladcom Manufacturer of diversified industrial automation equipment | — | $3M FY2023 | 15 | 2023 | — | — | — |
| 8 | BEIJER REF Latvia Wholesaler of cooling technology and HVAC solutions | — | $3M FY2022 | 6 | 1999 | Wix eCommerceWixSentry+12 | Top 50M | — |
| 9 | Eko Air Manufacturer of brazed plate heat exchangers, promoting energy efficiency in buildings | — | $3M FY2022 | 15 | 2012 | — | — | — |
| 10 | Tespars Provider of a wide range of power tools and equipment | — | $2M FY2023 | 14 | 2002 | MagentoHyva ThemesMySQL+12 | Top 5M | — |
| 11 | Aquila Harbor Cranes Provider of maritime cranes and port equipment marketplace | — | $2M FY2024 | 4 | 2012 | — | — | — |
| 12 | Zippy Vision Provider of visual inspection and automation solutions for the wood industry | — | $2M FY2024 | 14 14 → 13 (-7%) | 2017 | — | — | — |
| 13 | SILTEKS Provider of workwear and personal protective equipment solutions for businesses | — | $1M FY2022 | 10 | 2006 | — | — | — |
| 14 | Laudorts Manufacturer of diversified industrial automation equipment | — | $1M FY2023 | 7 | — | WordPressMySQLPHP+11 | Top 10M | — |
| 15 | BIBUS Baltics Provider of industrial machinery and manufacturing solutions specializing in hydraulic sales and mechatronics | — | $1M FY2023 | 5 | 2014 | TYPO3 CMSPHPEmotion+12 | Top 50M | — |
| 16 | CENOS 3D simulation software for induction heating applications | $1M | $659K FY2024 | 14 14 → 19 (+36%) | 2017 | WordPressMySQLPHP+19 | Top 10M | — |
| 17 | Latmas Manufacturer of diversified industrial automation equipment | — | $527K FY2022 | 6 | 2006 | WordPressMySQLPHP+15 | Top 50M | — |
| 18 | AMA Automatika Manufacturer of automation components and solutions for the manufacturing industry, specializing in pump… | — | $345K FY2022 | 3 | — | — | — | — |
| 19 | BS inzeniertikli Provider of heating and air conditioning solutions | — | $343K FY2022 | 5 | 2021 | — | — | — |
| 20 | ProfMeh Manufacturer of mechanical parts, bearings, and others | — | $281K FY2023 | 2 | 2019 | PHPSemantic UIApache HTTP Server+10 | Top 5M | — |
Top 2 Industrial Goods and Manufacturing companies in Latvia
#1
Seed · Riga, Riga · founded 2017 · 14 employees$1.1Mraised▾
Seed · Riga, Riga · founded 2017 · 14 employees
CENOS offers 3D simulation software for induction heating applications. Its features include geometry design tool, automatic and user-controlled meshing, optimal calculation time, tools for fast estimation, post-processing of results, and steady state & transient simulation. It offers a subscription-based pricing model. Himmelwerk, SMS Elotherm, and DLR are part of its clientele.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 13.2% of this cohort's audience
Funding rounds
- Feb 2022Seed$1.1M
- Feb 2020Seed$150K
- Mar 2017Seed$21.1K
Investors
Startup Wise Guys, Capitalia, 500 Global, Siena Capital
Tech stack
Apache Http ServerBootstrapCdnjsCloudflareCloudflare Bot ManagementGoogle Analytics
#2
Seed · Riga, Riga · founded 1996 · 6 employees$224.5Kraised▾
Seed · Riga, Riga · founded 1996 · 6 employees
Manufacturer of bioreactor systems intended to assist in the regular biotechnological processes in the laboratory and large-scale industrial processes. The company specializes in manufacturing pilot-scale bioreactors and components such as vessels, technological stands, control cabinets and bioprocess controllers, enabling clients to get products that meet up-to-date requirements at lesser operating costs.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 25.2% of this cohort's audience · 43 engagements/post (4.9× cohort median)
Investors
Zgi capital
Funding & investor landscape
$1.4Mtotal disclosed funding
2companies funded
3disclosed rounds
0rounds last 90 days
Most active investors
RESEARCH SIGNALS · Latvia
How research on Additive Manufacturing / 3D Printing is moving in Latvia
A read on the academic research around Additive Manufacturing / 3D Printing — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 44 Latvia-affiliated papers.
top research entities
- Riga Technical University26
- University of Latvia7
- Institute of Solid State Physics7
- Rezekne Academy of Technologies4
- Riga Stradiņš University3
leading researchers
Sergejs Gaidukovs · Vlads Vladinovskis · Kristīne Šalma-Ancāne · Dekhtyar, Yuri · Gorohovs, Marks · Lichtnecker, Raphael · Bruckhuber, Johanna · Sorokins, Hermanis
▲
Breakthroughs5 · 11%
▲ 0%→11% share
0 median citations80% since 2021mostly methods-led
Breakthroughs are rising (0%→11% of field), led by Nozzle.
rising sub-themes (early→recent)
- Nozzle2
- Extrusion2
- Bending1
- Deformation (meteorology)1
- Limiting1
Landmark State-of-the-art UV-assisted 3D printing via a rapid syringe-extrusion approach for photoactive vegetable oil acr · 28 cites
◆
Advancements25 · 57%
▲ 0%→50% share
5 median citations68% since 2021mostly empirical
Advancements are rising (0%→50% of field), led by Composite material.
rising sub-themes (early→recent)
- Composite material6
- 3d printed5
- Compressive strength3
- Manufacturing engineering3
- Surface roughness2
Newly emergingComposite material 0→6
Landmark 3D printed Sr-containing composite scaffolds: Effect of structural design and material formulation towards new strategie · 127 cites
▼
Concerns2 · 5%
0%→0% share
8 median citations100% since 2021mostly reviews
Concerns are cooling (0%→0% of field), led by Upgrade.
rising sub-themes (early→recent)
- Upgrade1
- Manufacturing engineering1
- Personalization1
- Engineering drawing1
- Production (economics)1
Landmark The amber nano fibers development prospects to expand the capabilites of textile 3D printing in the general process of f · 17 cites
RESEARCH HOTSPOTS · Latvia
Where additive manufacturing is researched across Latvia
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Riga40 · +0.42
Common questions
How many Industrial Goods and Manufacturing companies are there in Latvia?
Radar tracks 36 indexable Industrial Goods and Manufacturing companies headquartered in Latvia that meet our profile-completeness bar.
What is the total funding raised by Industrial Goods and Manufacturing companies in Latvia?
The Industrial Goods and Manufacturing companies in Latvia on this list have raised a combined $1.4M in disclosed equity funding across 2 funded companies.
Which is the highest-funded Industrial Goods and Manufacturing company in Latvia?
CENOS is the highest-funded Industrial Goods and Manufacturing company in Latvia, with $1.1M in disclosed equity funding.
How many Industrial Goods and Manufacturing companies in Latvia are funded?
2 of the 36 Industrial Goods and Manufacturing companies in Latvia on this list have disclosed at least one equity funding round.
How many Industrial Goods and Manufacturing unicorns are there in Latvia?
None of the Industrial Goods and Manufacturing companies in Latvia on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Latvia Industrial Goods and Manufacturing companies?
The most active investors in Latvia Industrial Goods and Manufacturing companies on this list include 500 Global, Buildit, Capitalia, FlyCap, Imprimatur Capital.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.