What is Asteroid Precision?
Asteroid Precision is a distinguished contract manufacturing firm, founded in 1966, with a deep-rooted specialization in high-precision component machining. The company's comprehensive service portfolio includes precision grinding, Swiss machining, and honing, making it a critical supplier to demanding industries such as aerospace, military, automotive, medical, and hydraulics. Renowned for its unwavering commitment to quality and continuous innovation, Asteroid Precision operates under ISO9001:2015 compliance, leveraging state-of-the-art inspection and machining equipment. With over half a century of operational excellence, the firm has solidified its reputation as a preferred manufacturing partner for numerous prominent OEMs across diverse industrial landscapes.
How much funding has Asteroid Precision raised?
Asteroid Precision has raised a total of $1.2M across 2 funding rounds:
Debt
$350K
Debt
$880K
Debt (2020): $350K with participation from PPP
Debt (2021): $880K led by PPP
What's next for Asteroid Precision?
The recent major strategic investment signifies a pivotal moment for Asteroid Precision, likely enabling the company to further enhance its advanced manufacturing capabilities and expand its market reach. This capital infusion is expected to fuel strategic initiatives, potentially including the adoption of new technologies, the scaling of production capacity, and the strengthening of its supply chain. Asteroid Precision's continued focus on high-precision machining for critical sectors positions it for sustained growth and technological leadership in the competitive enterprise manufacturing arena.
See full Asteroid Precision company page
