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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Finance and Accounting
2 people
Founder Team
1 people
Software Development Team
1 people
Leadership Team
1 people
Unlock access to complete
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 |
|---|---|---|---|---|---|
| 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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| 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 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. 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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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 |
| 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 Primet Precision
| 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 - Primet Precision
| 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 |
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. 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 |
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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| 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 Primet Precision
When was Primet Precision founded?
Primet Precision was founded in 2003 and raised its 1st funding round 4 years after it was founded.
Where is Primet Precision located?
Primet Precision is headquartered in Ithaca, United States. It is registered at Ithaca, New York, United States.
Is Primet Precision a funded company?
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.
How many employees does Primet Precision have?
As of Dec 31, 2023, the latest employee count at Primet Precision is 14.
What does Primet Precision do?
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.
Who are the top competitors of Primet Precision?
Who are Primet Precision's investors?
Primet Precision has 4 investors. Key investors include New York State Energy Research and Development Authority, ATEL Capital Group, Cayuga Venture Fund, and DFJ.