What is Drake Controls?
Drake Controls is a prominent player in the turbomachinery industry, specializing in engine and turbine retrofitting and control systems. As a key partner of Woodward Inc., the company provides essential products, solutions, and technical services, focusing on enhancing the performance and reliability of equipment for the energy sector. Their offerings encompass control systems for diesel and natural gas engines, steam and gas turbines, and compressor controls, complemented by 24/7 support, repair, and training services. The company's product portfolio includes advanced control systems, hydraulic governors, electronic actuators, and condition monitoring solutions, positioning it as a comprehensive service provider.
How much funding has Drake Controls raised?
Drake Controls has raised a total of $578K across 1 funding round:
Debt
$578K
Debt (2021): $578K with participation from PPP
Key Investors in Drake Controls
PPP
Public-Private Partnership
What's next for Drake Controls?
The recent major strategic investment in Drake Controls signals a period of accelerated growth and expansion. This capital infusion is expected to bolster the company's capabilities in developing and deploying advanced control systems and retrofitting solutions for the turbomachinery market. With a strong foundation in the energy aftermarket and a partnership with Woodward Inc., Drake Controls is poised to further solidify its market position and potentially explore new technological advancements or service expansions to meet the evolving demands of the energy industry.
See full Drake Controls company page
