How Much Did Preferred Data Systems Raise?
Funding & Key Investors

Preferred Data Systems has secured $97K in recent financing, contributing to a total funding amount of $97K. This capital infusion marks a significant milestone for the company, which operates at a substantial Series B/C stage, indicating a period of accelerated growth and market expansion. The recent investment is earmarked for substantial expansion capital, signaling strategic initiatives to scale operations and enhance service offerings.

What is Preferred Data Systems?

Preferred Data Systems
Business ServicesSoftware Testing

Preferred Data Systems is a provider of comprehensive IT support and cybersecurity solutions, specifically catering to the needs of growing businesses within the Metro Detroit area. The company's service portfolio encompasses managed IT services, cloud computing, robust data backup and recovery, advanced network security, and secure email protection. These offerings are meticulously designed to ensure uninterrupted business continuity and fortify digital defenses. Preferred Data Systems champions a proactive IT management philosophy, featuring 24/7 system monitoring and expert technical support to mitigate risks and minimize operational disruptions. Their approach focuses on delivering customized solutions, maintaining transparent communication, and a steadfast commitment to safeguarding client systems and sensitive data.

How much funding has Preferred Data Systems raised?

Preferred Data Systems has raised a total of $97K across 1 funding round:

2021

Debt

$97K

Debt (2021): $97K with participation from PPP

Key Investors in Preferred Data Systems

PPP

Public-Private Partnership

What's next for Preferred Data Systems?

With the recent influx of substantial expansion capital, Preferred Data Systems is poised for significant strategic advancement. The company's positioning at a Series B/C stage suggests a focus on scaling its market penetration, potentially through geographic expansion beyond Metro Detroit or by broadening its service portfolio to address emerging cybersecurity threats and cloud infrastructure demands. Future investments are likely to target enhancing its technological capabilities, expanding its sales and support teams, and potentially pursuing strategic partnerships or acquisitions to further solidify its market leadership in IT support and cybersecurity for growing enterprises.

See full Preferred Data Systems company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Business Services industry

Business ServicesFood ServiceConvenience Stores, Gas Stations & Liquor StoresRetail
Business ServicesSoftware TestingProject Management
Business ServicesProject ManagementAccounting for Legal Practices
Accounting for Legal PracticesBusiness Services

Frequently Asked Questions Regarding Preferred Data Systems Financial Insights

What are the most recent funding rounds that Preferred Data Systems has completed, and what were the funding rounds?
Preferred Data Systems has recently completed 1 funding rounds: Debt on Mar 13, 2021.
What is the total amount of funding Preferred Data Systems has raised to date?
Preferred Data Systems has raised a total of $97K in funding to date.
How many funding rounds has Preferred Data Systems completed?
Preferred Data Systems has completed 1 funding rounds.
How much funding did Preferred Data Systems raise in its most recent funding round?
Preferred Data Systems raised $97K in its most recent funding round.
Who are the lead investors in Preferred Data Systems's latest funding round?
The lead investor in Preferred Data Systems's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Preferred Data Systems's history?
The largest funding round in Preferred Data Systems's history was $97K.
See more information about Preferred Data Systems