What is API Precision Machining?
API Precision Machining Inc. is a distinguished precision machining manufacturer with nearly eight decades of operational heritage. Originally founded as Commerce Welding and Manufacturing, Inc. in 1945, the company evolved through various iterations, including Aircraft Products, Inc., gaining significant recognition for its contributions to the Saturn/Apollo Program and earning accolades from institutions like the Smithsonian Institute and Boeing. Throughout the 1980s and 1990s, it became a leader in the telecommunications sector, receiving multiple supplier awards. The company's renewed involvement in space exploration includes manufacturing precision parts for the NASA International Space Station. Renamed API Precision Machining Inc. in 2003, the company holds ISO 9001:2015 certification and is certified as a Women Business Enterprise and a Historically Underutilized Business. Its expertise spans aerospace, telecommunications, space exploration, and energy, delivering complex machined components that meet stringent precision, reliability, and quality performance standards.
How much funding has API Precision Machining raised?
API Precision Machining has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for API Precision Machining?
The recent major strategic investment, as part of API Precision Machining's large-scale late-stage funding, signals a period of accelerated growth and potential expansion for the company. This capital infusion is likely to support advancements in manufacturing capabilities, technological integration, and market penetration within its core sectors of aerospace, telecommunications, space exploration, and energy. The company's established reputation for quality and its certifications as a Women Business Enterprise and HUB position it favorably for continued success and strategic partnerships in high-demand industries.
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