About Center Rock
Center Rock is a company based in Somerset (United States) founded in 1998 was acquired by Argonaut Private Equity in May 2023.. Center Rock has raised $4 million across 1 funding round from investors including Gemini Investors and Argonaut Private Equity. Center Rock offers products and services including LP Drills and ROTO LOC Under Reamer.
- Headquarter Somerset, United States
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Email
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Phone
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Website
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Social
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- Legal Name Center Rock, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Series A
Jun 01, 2005
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Investors
Gemini Investors
& 1 more
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Employee Count
Employee Count
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Acquired by
Argonaut Private Equity
(May 09, 2023)
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Products & Services of Center Rock
Center Rock offers a comprehensive portfolio of products and services, including LP Drills and ROTO LOC Under Reamer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Drilling tools for enhanced longevity and efficiency are provided in various sizes.
Under reaming systems that reduce casing friction and improve penetration are offered for difficult terrains.
Funding Insights of Center Rock
Center Rock has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series A round of $4 million completed in June 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $4.0M
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First Round
First Round
(01 Jun 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2005 | Amount | Series A - Center Rock | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Center Rock
Center Rock has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Gemini Investors and Argonaut Private Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment services in business and manufacturing sectors through equity and debt capital.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by Argonaut Private Equity fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Center Rock
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Center Rock
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Center Rock Comparisons
Competitors of Center Rock
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Center Rock
When was Center Rock founded?
Center Rock was founded in 1998 and raised its 1st funding round 7 years after it was founded.
Where is Center Rock located?
Center Rock is headquartered in Somerset, United States.
Is Center Rock a funded company?
Center Rock is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Series A of $4M, raised on Jun 01, 2005.
What does Center Rock do?
Center Rock was founded in 1998 and is based in Somerset, United States. Operations focus on the manufacturing sector, where air rock drilling tools and related accessories are produced for industrial applications. The company serves the drilling industry by providing equipment designed for rock excavation. Geographic presence is centered in the United States, with production activities supporting domestic and potential international needs in mining and construction.
What products or services does Center Rock offer?
Center Rock offers LP Drills and ROTO LOC Under Reamer.
Who are Center Rock's investors?
Center Rock has 2 investors. Key investors include Gemini Investors, and Argonaut Private Equity.