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 solutions. The company offers a comprehensive suite of services including AI solutions and robust cybersecurity, catering to a diverse industrial client base across North Carolina. Their offerings encompass the proprietary PDC Software Suite and extensive managed IT services, all designed to optimize operational efficiency and bolster security for businesses in the furniture, textiles, and construction industries. With over three decades of experience, Preferred Data is committed to fostering enduring client relationships and delivering tangible business outcomes.
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 to businesses, potentially focusing on specialized sectors or growth-oriented companies.
WSFS Bank
WSFS Bank is a regional bank that offers a range of commercial banking products, suggesting a role in providing debt capital or strategic financial backing for established businesses.
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 capabilities and cybersecurity offerings. This infusion of capital is expected to fuel innovation within its PDC Software Suite and enhance its managed IT services portfolio. As a company with a long-standing history and a focus on the industrial sector, this financing round positions Preferred Data for accelerated growth, allowing it to deepen its market penetration and solidify its role as a trusted IT partner for manufacturers seeking to leverage advanced technology for operational excellence and competitive advantage.
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