About Magnetic & Penetrant Services
Magnetic & Penetrant Services is a company based in Seattle (United States) founded in 1981 was acquired by Valence Surface Technologies in March 2017.. The company has 195 employees as of December 31, 2018. Magnetic & Penetrant Services operates in a competitive market with competitors including Texture Jet and BMT Aerospace, among others.
- Headquarter Seattle, United States
- Employees 195 as on 31 Dec, 2018
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Magnetic & Penetrant Services Co., Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
195
as on Dec 31, 2018
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Acquired by
Valence Surface Technologies
(Mar 21, 2017)
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Funding Insights of Magnetic & Penetrant Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Magnetic & Penetrant Services
Magnetic & Penetrant Services has secured backing from 1 investor. Prominent investors backing the company include Valence Surface Technologies. 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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Aerospace metal finishing and nondestructive testing services are provided.
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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 Magnetic & Penetrant Services
| 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 - Magnetic Penetrant Services
| 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 |
Magnetic & Penetrant Services Comparisons
Competitors of Magnetic & Penetrant Services
Magnetic & Penetrant Services 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 Texture Jet and BMT Aerospace, 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 |
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| domain | founded_year | HQ Location |
Provider of surface texture adjustment technology for the aerospace industry
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| domain | founded_year | HQ Location |
Provides precision gears, gearboxes, actuators, and engineering services for aerospace industry.
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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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Frequently Asked Questions about Magnetic & Penetrant Services
When was Magnetic & Penetrant Services founded?
Magnetic & Penetrant Services was founded in 1981.
Where is Magnetic & Penetrant Services located?
Magnetic & Penetrant Services is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
How many employees does Magnetic & Penetrant Services have?
As of Dec 31, 2018, the latest employee count at Magnetic & Penetrant Services is 195.
What does Magnetic & Penetrant Services do?
Magnetic Penetrant Services was founded in 1981 and is based in Seattle, United States. Surface finishing for aircraft components is handled through magnetic particle and penetrant inspection methods. Non-destructive testing operations are conducted to detect surface flaws in aerospace parts. Services are tailored to the aviation industry, with focus on quality assurance for metal structures. Ownership is attributed to Frank Milette, overseeing daily activities.
Who are the top competitors of Magnetic & Penetrant Services?
Magnetic & Penetrant Services's top competitors include Texture Jet and BMT Aerospace.
Who are Magnetic & Penetrant Services's investors?
Magnetic & Penetrant Services has 1 investor. Key investors include Valence Surface Technologies.