What is Ormond?
Ormond LLC is a specialized entity focused on research and development, applied engineering, and advanced manufacturing services. The company excels in process and tooling development, catering to a diverse range of industries through both commercial and government-funded projects. Ormond's expertise is highlighted by its proprietary technologies, including Cavitation Peening, Controlled Geometry Waterjet Milling, and 5-Axis Waterjet Cutting, positioning it as a key provider of innovative manufacturing solutions and precision engineering.
How much funding has Ormond raised?
Ormond has raised a total of $302K across 2 funding rounds:
Debt
$150K
Debt
$152K
Debt (2020): $150K with participation from PPP
Debt (2021): $152K led by PPP
Key Investors in Ormond
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Ormond?
The substantial late-stage funding indicates Ormond is poised for significant scaling and further technological advancement. This capital injection is likely to fuel expansion of its R&D capabilities, enhance its manufacturing infrastructure, and potentially broaden its market reach. The strategic nature of the recent investment suggests a focus on accelerating the adoption of its patented technologies and solidifying its competitive advantage in precision engineering and advanced manufacturing services.
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