What is Cold Forming Technology?
Cold Forming Technology, Inc., a family-owned enterprise established in 1992 in Detroit, is a specialist in high-quality spline and thread rolling services. The company serves a diverse clientele, including Original Equipment Manufacturers (OEMs), suppliers, and independent producers within the power transmission industry. Their offerings encompass essential tools, prototype development, and emergency rolling services, catering to critical needs across the automotive, construction, racing, and agriculture sectors. Clients depend on Cold Forming Technology for precision parts and robust production support, valuing their commitment to long-term relationships, confidentiality, and timely delivery.
How much funding has Cold Forming Technology raised?
Cold Forming Technology has raised a total of $400K across 2 funding rounds:
Debt
$150K
Debt
$250K
Debt (2020): $150K with participation from PPP
Debt (2021): $250K led by PPP
What's next for Cold Forming Technology?
The substantial late-stage funding context suggests Cold Forming Technology is poised for significant expansion and operational enhancement. This strategic investment will likely fuel advancements in their spline and thread rolling capabilities, potentially enabling the adoption of new technologies or the scaling of production to meet growing demand from key industries like automotive and construction. The company's focus on precision and reliability positions it to capitalize on opportunities for deeper integration within supply chains and to further solidify its reputation as a leader in specialized manufacturing services.
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