How Much Did Progressive Computing Raise?
Funding & Key Investors

Progressive Computing, a New York City-based Managed Service Provider (MSP), has secured significant backing, with its total funding reaching $350K. The company recently announced a major strategic investment of $350K, underscoring its position in the competitive IT solutions market. This latest financing round is indicative of Progressive Computing's established presence and its capacity for continued expansion within the technology services sector.

What is Progressive Computing?

Progressive Computing
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Progressive Computing specializes in delivering a comprehensive suite of IT solutions tailored for businesses in the greater NYC metropolitan area, including Westchester County and Manhattan. Their service portfolio encompasses managed services, advanced cloud computing, robust data backup and recovery, VoIP communications, critical cybersecurity measures, and emerging artificial intelligence applications. The company is dedicated to ensuring seamless IT operations through 24/7 monitoring and support, enabling clients to concentrate on their core business objectives while optimizing operational efficiency and reducing technology-related expenditures. Their commitment is to enhance system uptime and reliability, providing a worry-free technology management experience.

How much funding has Progressive Computing raised?

Progressive Computing has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

What's next for Progressive Computing?

The substantial capital infusion, highlighted by the recent strategic investment, positions Progressive Computing for accelerated growth and enhanced service delivery. As a late-stage company, this financing is likely to fuel further development of its AI and cybersecurity offerings, potentially expanding its geographic reach and deepening its market penetration. The company's focus on providing essential IT infrastructure and support services to businesses in a key economic hub suggests a strategic direction aimed at solidifying its role as a leading MSP in the region, with potential for further strategic acquisitions or partnerships to bolster its capabilities and market share.

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Frequently Asked Questions Regarding Progressive Computing Financial Insights

What are the most recent funding rounds that Progressive Computing has completed, and what were the funding rounds?
Progressive Computing has recently completed 1 funding rounds: Debt on Apr 13, 2020.
What is the total amount of funding Progressive Computing has raised to date?
Progressive Computing has raised a total of $350K in funding to date.
How many funding rounds has Progressive Computing completed?
Progressive Computing has completed 1 funding rounds.
How much funding did Progressive Computing raise in its most recent funding round?
Progressive Computing raised $350K in its most recent funding round.
Who are the lead investors in Progressive Computing's latest funding round?
The lead investor in Progressive Computing'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 Progressive Computing's history?
The largest funding round in Progressive Computing's history was $350K.
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