What is Parameters Industries?
Established in 1982, Parameters Industries operates as a specialized machine shop providing comprehensive manufacturing solutions. The company distinguishes itself through a 25,000 square foot facility equipped with advanced CNC machinery, CAD software, and coordinate measuring inspection equipment. With a workforce of over 30 highly trained professionals, the firm serves a diverse clientele ranging from local enterprises to international corporations. Their service model emphasizes a one-stop approach, integrating complex processes such as spline bores, fabrication, welding, and gear cutting to ensure seamless project delivery and superior quality control standards.
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
What's next for Parameters Industries?
With the recent infusion of capital, Parameters Industries is positioned to accelerate its modernization efforts and expand its service capabilities. The strategic focus will likely center on upgrading its existing arsenal of precision equipment to further reduce lead times and improve manufacturing throughput. As the company navigates the complexities of the global supply chain, this late-stage financing provides the necessary runway to invest in advanced automation and potentially broaden its partnership network. By maintaining its commitment to quality and timely delivery, the firm is well-equipped to capture additional market share in the high-precision industrial components sector.
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