About Direct Drive Systems
Direct Drive Systems is an Industrial Goods & Manufacturing company based in Cerritos (United States) founded in 2004, and was acquired by TechnipFMC in November 2009. Oil service equipment systems and products are provided globally. Direct Drive Systems has raised $1.04 million across 1 funding round from investors including TechnipFMC. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
Direct Drive Systems was established in 2004 and is based in Cerritos, United States. Equipment systems and products for the oil services sector are supplied by the company. Operations encompass design, manufacturing, and distribution of specialized components used in oilfield applications. Services include maintenance support and customization options for industry needs, with a focus on North American markets. The domain directdrivesystems.net is utilized for online presence.
- Headquarters Cerritos, United States
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website directdrivesystems.net
- Acquired by TechnipFMC (Nov 2009)
- Total Equity Funding$1.04M (USD)
in 1 rounds
- Latest Funding Round$1.04M (USD), Seed
Jun 2009
- Investors
- Acquired byTechnipFMC
(Nov 2009)
Funding Insights of Direct Drive Systems
Direct Drive Systems has successfully raised a total of $1.04M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.04 million completed in June 2009. 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 $1.04M
- Total Rounds 1
- Last Round Seed — $1.04M
- First Round $1.04M
(Jun 2009)
All 1 funding rounds of Direct Drive Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2009 | $1.04M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Direct Drive Systems
Direct Drive Systems has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TechnipFMC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology provider for the energy sector | 1958 | technipfmc.com | London, United Kingdom |
Investor details for Direct Drive Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Direct Drive Systems
3 dated milestones of Direct Drive Systems across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Direct Drive Systems is founded.
- Funding First funding round of $1.0M.
- Exit Acquired by TechnipFMC.
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Direct Drive Systems (Contract & Outsourced Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | USD 5.06 M | USD 27.91 B | 147,980 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | USD 7.24 B | 7,290 | ||
Wood-fired grills are manufactured and supplied by Traeger. | 1987 | Salt Lake City, Utah, United States | USD 559.52 M | 666 |
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Frequently Asked Questions about Direct Drive Systems
Direct Drive Systems was founded in 2004 and raised its 1st funding round 5 years after it was founded.
Direct Drive Systems is headquartered in Cerritos, United States. It is registered at Cerritos, California, United States.
Direct Drive Systems is a funded company, having raised a total of $1.04M across 1 funding round to date. The company's 1st funding round was a Seed of $1.04M, raised on Jun 2009.
Direct Drive Systems was established in 2004 and is based in Cerritos, United States. Equipment systems and products for the oil services sector are supplied by the company. Operations encompass design, manufacturing, and distribution of specialized components used in oilfield applications. Services include maintenance support and customization options for industry needs, with a focus on North American markets. The domain directdrivesystems.net is utilized for online presence.
Direct Drive Systems has 1 investor. Key investors include TechnipFMC.
Yes. Direct Drive Systems was acquired by TechnipFMC in November 2009.