About Persimmon Technologies
Persimmon Technologies is a company based in Wakefield (United States) founded in 2010 was acquired by Sumitomo Heavy Industries in June 2017.. Persimmon Technologies has raised $31.68 million across 12 funding rounds from investors including ABB, Sumitomo Heavy Industries and National Science Foundation. The company has 54 employees as of December 31, 2022. Persimmon Technologies offers products and services including Vacuum Robotics and Custom Motors. Persimmon Technologies operates in a competitive market with competitors including Brooks Automation, OptoFidelity, Sastra Robotics, Adapta and FemtoTools, among others.
- Headquarter Wakefield, United States
- Employees 54 as on 31 Dec, 2022
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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 Persimmon Technologies 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
$31.68 M (USD)
in 12 rounds
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Latest Funding Round
$3 M (USD), Series C
Oct 26, 2016
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Investors
ABB
& 6 more
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Employee Count
54
as on Dec 31, 2022
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Acquired by
Sumitomo Heavy Industries
(Jun 01, 2017)
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Products & Services of Persimmon Technologies
Persimmon Technologies offers a comprehensive portfolio of products and services, including Vacuum Robotics and Custom Motors. 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.
Advanced robotics for vacuum environments in semiconductor markets.
High-performance servo motors for challenging industrial applications.
Funding Insights of Persimmon Technologies
Persimmon Technologies has successfully raised a total of $31.68M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $3 million completed in October 2016. 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 12
- Last Round Series C — $3.0M
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First Round
First Round
(28 Apr 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series C - Persimmon Technologies | Valuation |
investors |
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| Aug, 2015 | Amount | Grant - Persimmon Technologies | Valuation |
investors |
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| Jun, 2015 | Amount | Grant - Persimmon Technologies | 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 Persimmon Technologies
Persimmon Technologies has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include ABB, Sumitomo Heavy Industries and National Science Foundation. 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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Tech focused early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location | |
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Investment opportunities are identified for the Berwind family by Berwind Private Equity.
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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 Persimmon Technologies
| 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 - Persimmon Technologies
| 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 |
Persimmon Technologies Comparisons
Competitors of Persimmon Technologies
Persimmon Technologies 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 Brooks Automation, OptoFidelity, Sastra Robotics, Adapta and FemtoTools, 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 |
Vacuum robots for semiconductor wafer handling are developed.
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| domain | founded_year | HQ Location |
Test and measurement automation systems for devices are provided.
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| domain | founded_year | HQ Location |
Manufacturer of consumer and industrial use robots
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| domain | founded_year | HQ Location |
Robots for shelf management and device testing are manufactured.
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| domain | founded_year | HQ Location |
MEMS testing platforms are developed for robotic wafer-level analysis.
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| 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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Latest news on Persimmon Technologies
Frequently Asked Questions about Persimmon Technologies
When was Persimmon Technologies founded?
Persimmon Technologies was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Persimmon Technologies located?
Persimmon Technologies is headquartered in Wakefield, United States.
Is Persimmon Technologies a funded company?
Persimmon Technologies is a funded company, having raised a total of $31.68M across 12 funding rounds to date. The company's 1st funding round was a Grant of $200K, raised on Apr 28, 2011.
How many employees does Persimmon Technologies have?
As of Dec 31, 2022, the latest employee count at Persimmon Technologies is 54.
What does Persimmon Technologies do?
Persimmon Technologies was founded in 2010 and is based in Wakefield, United States. Vacuum robotics and hybrid-field motor technology are supplied to the semiconductor, LED, flat panel display, and solar equipment sectors. Motor components are produced using 3D deposition processes within this technology, through which power density is enhanced, production steps are removed, and costs for components are lowered.
Who are the top competitors of Persimmon Technologies?
Persimmon Technologies's top competitors include Brooks Automation, Adapta and Sastra Robotics.
What products or services does Persimmon Technologies offer?
Persimmon Technologies offers Vacuum Robotics and Custom Motors.
Who are Persimmon Technologies's investors?
Persimmon Technologies has 7 investors. Key investors include ABB, Sumitomo Heavy Industries, National Science Foundation, MassVentures, and Intel Capital.
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