What is CMI?
Founded in 1972 and headquartered in Phoenix, AZ, CMI (Cassavant) is a prominent manufacturer specializing in critical components for engines, auxiliary power units (APUs), fuel and fluid systems, gears, hydraulics, and valves. The company serves a broad spectrum of commercial, military, and business jet platforms within the aerospace and defense industry. CMI is recognized as a key supplier for major global original equipment manufacturers (OEMs), leveraging its vertically integrated manufacturing expertise and extensive capabilities to deliver high-quality products and services.
How much funding has CMI raised?
CMI has raised a total of $9.5M across 3 funding rounds:
Series A
$5.5M
Debt
$2M
Debt
$2M
Series A (2020): $5.5M with participation from Hindustan Media Ventures Limited
Debt (2020): $2M led by PPP
Debt (2021): $2M supported by PPP
Key Investors in CMI
PPP
Public-Private Partnership
Hindustan Media Ventures Limited
Hindustan Media Ventures Limited, with its domain suggesting a focus on media and potentially diversified investments, participated in CMI's Series A funding, indicating an interest in the company's early-stage growth and market potential.
What's next for CMI?
The recent major strategic investment signals CMI's readiness for its next phase of expansion. With a strong foundation built over decades and a consistent track record of securing capital, the company is well-positioned to enhance its product development, scale manufacturing operations, and potentially explore new market segments. This infusion of capital is expected to fuel innovation and solidify CMI's competitive edge in the demanding aerospace and defense landscape, potentially leading to further strategic partnerships and market penetration.
See full CMI company page
