What is Precision Ground?
Precision Ground specializes in the meticulous creation of custom mold components essential for plastic injection molding. Their commitment to exceptional craftsmanship and dedicated customer service caters to a diverse industrial clientele, including the demanding medical, automotive, and consumer goods sectors. The company's comprehensive product portfolio features bubbler cores, ejector sleeves, threaded cores, cavity inserts, and other highly specialized components. Leveraging advanced capabilities in CNC machining, grinding, and EDM processes, Precision Ground is adept at tackling complex projects requiring stringent tolerance adherence, ensuring the delivery of flawless, client-specific solutions.
How much funding has Precision Ground raised?
Precision Ground has raised a total of $707K across 2 funding rounds:
Debt
$350K
Debt
$357K
Debt (2020): $350K with participation from PPP
Debt (2021): $357K led by PPP
What's next for Precision Ground?
The recent major strategic investment signifies a pivotal moment for Precision Ground, likely enabling the company to expand its manufacturing capacity, enhance its technological infrastructure, and potentially broaden its market reach. This capital infusion is expected to fuel further innovation in component design and production, reinforcing its competitive edge in the custom mold component market. The company's focus on precision and tailored solutions positions it for sustained growth and deeper penetration into high-value industries.
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