About Duro
Duro is a company based in Los Angeles (United States) founded in 2016 by Kellan O'Connor and Michael Corr.. Duro has raised $11.5 million across 2 funding rounds from investors including Bonfire Ventures, Riot Ventures and Atypical. Duro offers products and services including Product Lifecycle Management, PDM One, Integrations, and API. Duro operates in a competitive market with competitors including Aras, Centric Software, One Click LCA, CENIT and CONTACT Software, among others.
- Headquarter Los Angeles, United States
- Founders Kellan O'Connor, Michael Corr
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Sectors
Industrial Goods & Manufacturing
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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 Duro Labs
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.5 M (USD)
in 2 rounds
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Latest Funding Round
$7.5 M (USD), Seed
May 08, 2024
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Investors
Bonfire Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Duro
Duro offers a comprehensive portfolio of products and services, including Product Lifecycle Management, PDM One, Integrations, and API. 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.
Centralizes hardware data and manages change orders for team collaboration.
Protects CAD work from overwrites and maintains design integrity.
Enables flexible connections with CAD, ERP, and other tools for efficiency.
Allows querying of rich data libraries via GraphQL for custom applications.
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Leadership Team
3 people
Staff Team
1 people
Finance and Accounting
1 people
Sales and Marketing
1 people
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Funding Insights of Duro
Duro has successfully raised a total of $11.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $7.5 million completed in May 2024. 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 2
- Last Round Seed — $7.5M
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First Round
First Round
(18 Nov 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - Duro | Valuation |
investors |
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| Nov, 2021 | Amount | Seed - Duro | Valuation | Bonfire Ventures |
| 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 Duro
Duro has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Bonfire Ventures, Riot Ventures and Atypical. 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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Investments are directed toward early-stage companies by Bonfire Ventures.
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Founded Year | Domain | Location | |
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Investments are made by Riot in early-stage hardware tech startups.
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Founded Year | Domain | Location | |
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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 Duro
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - Duro
| 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 |
Duro Comparisons
Competitors of Duro
Duro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Aras, Centric Software, One Click LCA, CENIT and CONTACT Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Low-code platform is utilized for application building and PLM software.
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| domain | founded_year | HQ Location |
Platform offering software product lifecycle management software
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| domain | founded_year | HQ Location |
Lifecycle assessment software is provided for construction and manufacturing sectors.
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| domain | founded_year | HQ Location |
Provider of PLM and SAP implementation services
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| domain | founded_year | HQ Location |
PLM-based digital twin platforms are developed for product management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Duro
Frequently Asked Questions about Duro
When was Duro founded?
Duro was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Duro located?
Duro is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Duro?
Michael Corr is the current CEO of Duro. They have also founded this company.
Is Duro a funded company?
Duro is a funded company, having raised a total of $11.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Nov 18, 2021.
What does Duro do?
Founded in 2016 and headquartered in Los Angeles, United States, Duro operates in the software sector, focusing on cloud-based product lifecycle management tools. Centralized product and supply chain data are maintained, with integrations for CAD systems and automated part sourcing enabled. Change orders and revisions are handled efficiently, while product variants and components are tracked. The software is available in starter, pro, and enterprise editions to support various operational needs.
Who are the top competitors of Duro?
Duro's top competitors include Centric Software, Aras and One Click LCA.
What products or services does Duro offer?
Duro offers Product Lifecycle Management, PDM One, Integrations, and API.
Who are Duro's investors?
Duro has 3 investors. Key investors include Bonfire Ventures, Riot Ventures, and Atypical.
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