About IPG Genesis Systems
IPG Genesis Systems is a company based in Davenport (United States) founded in 1983 was acquired by FloWorks in September 2021. It operates as a Professional Services, and Direct-to-Consumer (D2C). IPG Genesis Systems has raised $10.25 million across 1 funding round from investors including IPG Photonics, FloWorks and Southland Holdings. IPG Genesis Systems offers products and services including Laser Welding, Laser Ablation/Cleaning, and Hybrid Laser Arc Welding.
- Headquarter Davenport, United States
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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
*********
- Legal Name Ipg Photonics Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.25 M (USD)
in 1 rounds
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Latest Funding Round
$10.25 M (USD), Unspecified
Feb 09, 2022
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Investors
IPG Photonics
& 5 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of IPG Genesis Systems
IPG Genesis Systems offers a comprehensive portfolio of products and services, including Laser Welding, Laser Ablation/Cleaning, and Hybrid Laser Arc Welding. 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.
Laser welding solutions are provided for industrial applications.
Laser cleaning systems are offered for surface preparation.
Hybrid welding technology is delivered for heavy industries.
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Funding Insights of IPG Genesis Systems
IPG Genesis Systems has successfully raised a total of $10.25M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $10.25 million completed in February 2022. 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 Unspecified — $10.2M
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First Round
First Round
(09 Feb 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Unspecified - IPG Genesis Systems | Valuation | Paresh Ghelani |
| 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 IPG Genesis Systems
IPG Genesis Systems has secured backing from 6 investors, including angel and institutional investors. Prominent investors backing the company include IPG Photonics, FloWorks and Southland Holdings. 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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Infrastructure projects development services are provided by Southland Holdings.
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Founded Year | Domain | Location | |
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PG
Paresh Ghelani |
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Founded Year | Domain | Location |
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JN
Jordan Noone |
Co-founder of Embedded Ventures, angel investor in deep tech and aerospace startups.
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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 IPG Genesis Systems
| 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 - IPG Genesis Systems
| 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 |
Ipg Genesis Systems Comparisons
Competitors of IPG Genesis Systems
| 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 IPG Genesis Systems
When was IPG Genesis Systems founded?
IPG Genesis Systems was founded in 1983 and raised its 1st funding round 39 years after it was founded.
Where is IPG Genesis Systems located?
IPG Genesis Systems is headquartered in Davenport, United States. It is registered at Davenport, Iowa, United States.
Who is the current CEO of IPG Genesis Systems?
Pat Pollock is the current CEO of IPG Genesis Systems.
Is IPG Genesis Systems a funded company?
IPG Genesis Systems is a funded company, having raised a total of $10.25M across 1 funding round to date. The company's 1st funding round was a Unspecified of $10.25M, raised on Feb 09, 2022.
What does IPG Genesis Systems do?
IPG Genesis Systems is involved in delivering advanced laser automation solutions for various industries. The company focuses on sectors such as e-mobility, aerospace, transportation, and general industry. Specialized services include laser welding, ablation, cleaning, and hybrid laser arc welding. Pre-engineered and custom-engineered systems are offered alongside automation tooling and fiber laser sources. Support and training are provided to ensure optimal integration and performance for clients.
What products or services does IPG Genesis Systems offer?
IPG Genesis Systems offers Laser Welding, Laser Ablation/Cleaning, and Hybrid Laser Arc Welding.
Who are IPG Genesis Systems's investors?
IPG Genesis Systems has 6 investors. Key investors include IPG Photonics, FloWorks, Southland Holdings, Paresh Ghelani, and Jordan Noone.
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