What is Criterion Tool & Die?
Criterion Tool & Die operates as a specialized precision machine shop, distinguished by its ability to execute machining to tolerances of +/- .0002. With over 132 years of combined technical expertise, the organization serves as a vital partner for sectors requiring rigorous quality control, including the medical and aerospace fields. The company maintains a robust operational framework, evidenced by its ISO 9001 and ISO 13485 certifications, alongside strict adherence to Good Manufacturing Practice (GMP) standards. This commitment to quality ensures that Criterion remains a preferred vendor for both prototype development and high-volume production requirements.
How much funding has Criterion Tool & Die raised?
Criterion Tool & Die has raised a total of $720K across 2 funding rounds:
Debt
$350K
Debt
$370K
Debt (2020): $350K with participation from PPP
Debt (2021): $370K led by PPP
Key Investors in Criterion Tool & Die
PPP
Public-Private Partnership
Undisclosed Institutional Partner
An undisclosed investor participating in the funding round to bolster the company's long-term manufacturing capabilities.
Strategic Debt Provider
A specialized lender focused on providing liquidity to established manufacturing firms with proven technical track records.
What's next for Criterion Tool & Die?
Looking ahead, the infusion of capital positions Criterion Tool & Die to further scale its manufacturing infrastructure and deepen its penetration into high-barrier-to-entry markets. As the industrial landscape shifts toward increased automation and tighter regulatory compliance, the company is well-equipped to leverage its existing technical foundation to meet evolving client demands. Future strategic initiatives will likely focus on expanding capacity for complex component fabrication, ensuring that the firm remains at the forefront of precision engineering while maintaining the stringent quality benchmarks that define its market reputation.
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