What is Caliber Precision?
Founded in 2005 in Mount Vernon, Washington, by Engineer Paul Budd and Machinist Bodi Orton, Caliber Precision has evolved from a small prototype and tool and die shop into a significant player serving defense, aerospace, and various other industries. The company's growth is evidenced by its expansion to an 11,000-square-foot facility and a team of over 25 employees. Caliber Precision has achieved critical industry certifications and compliance, including AS9100, DD2345 registration, and NIST 800-171 cybersecurity compliance. This commitment to quality and evolving standards has resulted in numerous supplier excellence awards from major clients like General Dynamics Ordinance and Tactical Systems, highlighting its long-standing relationships and reliability.
How much funding has Caliber Precision raised?
Caliber Precision has raised a total of $655K across 2 funding rounds:
Debt
$350K
Debt
$305K
Debt (2020): $350K with participation from PPP
Debt (2021): $305K led by PPP
Key Investors in Caliber Precision
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Caliber Precision?
The recent major strategic investment positions Caliber Precision for accelerated growth and enhanced operational capabilities. This capital infusion is expected to fuel further advancements in production capacity, technological integration, and market penetration. The company's focus on maintaining its high standards, coupled with strategic financial backing, suggests a continued emphasis on serving its core clientele while exploring new opportunities within its established sectors. The enterprise-level funding context points towards a phase of scaling operations and solidifying its market leadership.
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