About Primet Precision
Primet Precision is a company based in Ithaca (United States) founded in 2003. Primet Precision has raised $7.57 million across 5 funding rounds from investors including New York State Energy Research and Development Authority, ATEL Capital Group and Cayuga Venture Fund. The company has 14 employees as of December 31, 2023. Primet Precision operates in a competitive market with competitors including Nanoramic, NanoOne, Gnanomat, Ten-Nine Technologies and Nanom, among others.
- Headquarter Ithaca, United States
- Employees 14 as on 31 Dec, 2023
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Sectors
Energy & UtilitiesTechnology
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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 Primet Precision Materials, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.57 M (USD)
in 5 rounds
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Latest Funding Round
$650 K (USD), Grant
Jan 10, 2013
- Investors
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Employee Count
14
as on Dec 31, 2023
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People of Primet Precision
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Finance and Accounting
2 people
Founder Team
1 people
Software Development Team
1 people
Leadership Team
1 people
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Funding Insights of Primet Precision
Primet Precision has successfully raised a total of $7.57M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $650 thousand completed in January 2013. 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 5
- Last Round Grant — $650,000
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First Round
First Round
(14 Sep 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2013 | Amount | Grant - Primet Precision | Valuation |
investors |
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| May, 2011 | Amount | Series B - Primet Precision | Valuation |
investors |
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| Apr, 2010 | Amount | Series B - Primet Precision | Valuation |
investors |
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Investors in Primet Precision
Primet Precision has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include New York State Energy Research and Development Authority, ATEL Capital Group and Cayuga Venture Fund.
| Investor | Description | Founded Year | Domain | Location |
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VC & private debt firm focused on tech companies
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Founded Year | Domain | Location | |
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Stage-agnostic venture capital is invested in New York tech firms.
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location |
Investments & Acquisitions by Primet Precision
Financial Statements - Primet Precision
Primet Precision Comparisons
Competitors of Primet Precision
Primet Precision 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 Nanoramic, NanoOne, Gnanomat, Ten-Nine Technologies and Nanom, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Nanotech-based electrode materials for supercapacitors are provided.
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| domain | founded_year | HQ Location |
Nanotech-based cathode materials for lithium batteries are developed.
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| domain | founded_year | HQ Location |
Graphene and derivative composites are manufactured using patented technology.
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| domain | founded_year | HQ Location |
Battery materials are developed for energy parity with fossil fuels.
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| domain | founded_year | HQ Location |
Developer of nano-based battery materials
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Latest news on Primet Precision
Frequently Asked Questions about Primet Precision
Primet Precision was founded in 2003 and raised its 1st funding round 4 years after it was founded.
Primet Precision is headquartered in Ithaca, United States. It is registered at Ithaca, New York, United States.
Primet Precision is a funded company, having raised a total of $7.57M across 5 funding rounds to date. The company's 1st funding round was a Series B of $4.07M, raised on Sep 14, 2007.
As of Dec 31, 2023, the latest employee count at Primet Precision is 14.
Primet Precision Materials, Inc. was established in 2003 in Ithaca, United States, within the advanced materials sector. Electrode materials for batteries are produced, supporting applications from handheld devices to electric vehicles. A process technology is employed that reduces capital and operating costs, alongside use of lower-cost raw materials. Investment support is received from Draper Fisher Jurvetson, Cayuga Venture Fund, Morgan Stanley, and additional funds.
Primet Precision has 4 investors. Key investors include New York State Energy Research and Development Authority, ATEL Capital Group, Cayuga Venture Fund, and DFJ.