About Precision Inc
Precision Inc is a company based in Minneapolis (United States) founded in 1919 was acquired by TT Electronics in June 2018.. Precision Inc offers products and services including Power Conversion and Sensors.
- Headquarter Minneapolis, United States
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Sectors
Technology
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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 Precision 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
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Investors
TT Electronics
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Precision Inc
Precision Inc offers a comprehensive portfolio of products and services, including Power Conversion and Sensors. 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.
Power conversion solutions are provided for performance-critical applications in various sectors.
Sensors are manufactured for flow, pressure, and temperature measurement in industrial and medical environments.
Funding Insights of Precision Inc
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2014 | Amount | Unspecified - Precision Inc | Valuation |
investors |
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| Mar, 2014 | Amount | Debt – Conventional - Precision Inc | 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 Precision Inc
Precision Inc has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TT Electronics, CVF Capital Partners and Socius Capital. 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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Private equity is directed toward lower middle market companies.
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Founded Year | Domain | Location | |
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Socius Capital is engaged in private equity sponsorship and financing.
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Founded Year | Domain | Location | |
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Manufacturer of automotive parts
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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 Precision Inc
| 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 - Precision Inc
| 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 |
Precision Inc Comparisons
Competitors of Precision Inc
| 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 Precision Inc
When was Precision Inc founded?
Precision Inc was founded in 1919 and raised its 1st funding round 95 years after it was founded.
Where is Precision Inc located?
Precision Inc is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
What does Precision Inc do?
Precision was founded in 1919 and is headquartered in Minneapolis, United States. Operations focus on the electronics industry, where magnetic components and assemblies are designed and manufactured. These products support various applications in electronic systems. The company maintains a presence in the manufacturing sector, serving industrial clients through specialized production processes. Geographic activities are centered in the United States.
What products or services does Precision Inc offer?
Precision Inc offers Power Conversion and Sensors.
Who are Precision Inc's investors?
Precision Inc has 3 investors. Key investors include TT Electronics, CVF Capital Partners, and Socius Capital.
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