What is Parameters Industries?
Parameters Industries is a family-owned and operated machine shop with a legacy dating back to 1982. The company specializes in providing high-quality machining services to a diverse clientele, serving local, national, and international markets across various industries. With a dedicated team of over 30 highly trained employees and a 25,000 square foot facility equipped with modern CNC machinery, CAD software, and coordinate measuring inspection equipment (CMM), Parameters Industries is adept at producing precision machined components. They also offer comprehensive one-stop machining solutions by collaborating with local partners for services such as spline boring, fabrication, welding, plating, gear cutting, and balancing, ensuring they meet the dynamic demands of the market.
How much funding has Parameters Industries raised?
Parameters Industries has raised a total of $439K across 2 funding rounds:
Debt
$150K
Debt
$289K
Debt (2020): $150K with participation from PPP
Debt (2021): $289K led by PPP
Key Investors in Parameters Industries
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Parameters Industries?
The substantial large-scale late-stage funding indicates Parameters Industries is poised for significant growth and operational enhancement. This capital infusion is likely to be directed towards expanding manufacturing capabilities, investing in advanced technologies, and potentially broadening its service offerings or market reach. The strategic investment suggests a focus on solidifying its competitive advantage and scaling operations to meet increasing demand, positioning the company for sustained success in the precision machining industry.
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