About Prodomax
Prodomax is a company based in Barrie (Canada) founded in 1971 was acquired by Jenoptik in July 2018.. Prodomax offers products and services including Resistance Welding Systems and Assembly Systems.
- Headquarter Barrie, Canada
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- Legal Name Prodomax Automation Ltd
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Products & Services of Prodomax
Prodomax offers a comprehensive portfolio of products and services, including Resistance Welding Systems and Assembly Systems. 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.
Resistance welding technology is integrated into automatic production methods for structural automotive assemblies, such as frame rails and floor pans.
Assembly systems are provided for automotive components like seat tracks and modules, tailored to address unique client requirements in manufacturing processes.
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Funding Insights of Prodomax
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2015 | Amount | Private Equity Round - Prodomax | 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 Prodomax
Prodomax has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include BDC, Kensington Capital Partners and Jenoptik. 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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Multiple sectors are invested in by the private equity firm.
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Commercial banking services for small and medium-sized enterprises are provided.
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Provider of products and services for photonics market
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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 Prodomax
| 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 - Prodomax
| 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 |
Prodomax Comparisons
Competitors of Prodomax
| 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 Prodomax
When was Prodomax founded?
Prodomax was founded in 1971 and raised its 1st funding round 44 years after it was founded.
Where is Prodomax located?
Prodomax is headquartered in Barrie, Canada. It is registered at Barrie, Ontario, Canada.
Who is the current CEO of Prodomax?
Carolyn McGoey Garvey is the current CEO of Prodomax.
What does Prodomax do?
Founded in 1971 in Barrie, Canada, automated manufacturing systems for automotive components are designed and integrated. Customized production solutions are developed to address specific client needs in the automotive sector. Resistance welding, arc welding, laser welding and cutting, and assembly technologies are incorporated into these systems. Operations focus on delivering solutions that comply with industry standards for quality, performance, and reliability.
What products or services does Prodomax offer?
Prodomax offers Resistance Welding Systems and Assembly Systems.
Who are Prodomax's investors?
Prodomax has 3 investors. Key investors include BDC, Kensington Capital Partners, and Jenoptik.
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