What is Preferred Data?
Preferred Data Corporation, established in 1987 and headquartered in High Point, North Carolina, is a seasoned IT partner specializing in manufacturing-focused IT services, AI solutions, and cybersecurity. The company leverages over 37 years of experience to serve a diverse industrial clientele across North Carolina, including those in the furniture, textiles, and construction sectors. Their offerings encompass a proprietary PDC Software Suite and comprehensive managed IT services, all designed to enhance operational efficiency, drive business growth, and ensure robust client security. This focus on tailored technology solutions for the industrial market positions Preferred Data as a key player in its niche.
How much funding has Preferred Data raised?
Preferred Data has raised a total of $1.2M across 2 funding rounds:
Debt
$1M
Debt
$150K
Debt (2025): $1M with participation from Live Oak Bank
Debt (2025): $150K led by WSFS Bank
Key Investors in Preferred Data
Live Oak Bank
Live Oak Bank is a financial institution that likely provides debt financing and banking services, supporting the capital needs of established businesses.
WSFS Bank
WSFS Bank is a regional bank that offers a range of financial products, suggesting their involvement in providing debt financing for Preferred Data's operational and growth initiatives.
What's next for Preferred Data?
The recent major strategic investment signifies a pivotal moment for Preferred Data, likely enabling further expansion of its AI solutions and cybersecurity offerings. This infusion of capital is expected to fuel the company's growth trajectory, allowing for enhanced service delivery and potentially broader market penetration within the manufacturing sector. The company's long-standing history and focus on measurable results suggest a strategic approach to leveraging this new financing for sustained development and strengthening its role as a trusted IT partner.
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