About TriMech
TriMech is a company based in Glen Allen (United States) founded in 1998 by Steve Pelham and Michael Ayres was acquired by Sentinel Capital Partners in March 2022.. TriMech has raised $12.88 million across 2 funding rounds from investors including M-One Capital and Sentinel Capital Partners. The company has 233 employees as of December 31, 2022. TriMech has completed 4 acquisitions, including Adaptive Corp, Forward Vision and InterPro Additive Manufacturing. TriMech offers products and services including SOLIDWORKS Desktop CAD, 3D Printers, Training Services, and SOLIDWORKS Simulation. TriMech operates in a competitive market with competitors including Xometry, Hubs, VulcanForms, Ethereal Machines and Immensa, among others.
- Headquarter Glen Allen, United States
- Employees 233 as on 31 Dec, 2022
- Founders Steve Pelham, Michael Ayres
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trimech Solutions, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.88 M (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Series B
Mar 05, 2024
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Investors
M-One Capital
& 1 more
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Employee Count
233
as on Dec 31, 2022
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Investments & Acquisitions
Adaptive Corp
& 3 more
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Acquired by
Sentinel Capital Partners
(Mar 14, 2022)
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Products & Services of TriMech
TriMech offers a comprehensive portfolio of products and services, including SOLIDWORKS Desktop CAD, 3D Printers, Training Services, and SOLIDWORKS Simulation. 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.
Software for comprehensive 3D design and modeling tasks
Machines for plastic and carbon fiber prototyping
Programs to enhance CAD and engineering skills
Software for performance evaluation and analysis
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Funding Insights of TriMech
TriMech has successfully raised a total of $12.88M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $500 thousand completed in March 2024. 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 2
- Last Round Series B — $500,000
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First Round
First Round
(12 Mar 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - TriMech | Valuation |
investors |
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| Mar, 2014 | Amount | Series B - TriMech | Valuation | McCarthy Capital |
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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 TriMech
TriMech has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include M-One Capital and Sentinel Capital Partners. 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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M-One Capital is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Private equity and capital solutions are offered by Sentinel.
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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 TriMech
TriMech has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Adaptive Corp, Forward Vision and InterPro Additive Manufacturing. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Product design and industrial engineering services are provided.
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2009 | ||||
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3D printing and scanning services are provided to clients.
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2006 | ||||
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3D printer and 3D design software provider
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TriMech
| 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 |
Trimech Comparisons
Competitors of TriMech
TriMech 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 Xometry, Hubs, VulcanForms, Ethereal Machines and Immensa, 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 |
Platform for on-demand distributed manufacturing and prototyping is provided.
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| domain | founded_year | HQ Location |
Tech-enabled on-demand 3D printing and manufacturing services are provided.
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| domain | founded_year | HQ Location |
Provider of industrial metal additive manufacturing system
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| domain | founded_year | HQ Location |
On-demand manufacturing services for industrial machines are offered.
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| domain | founded_year | HQ Location |
Cloud-based on-demand manufacturing solutions are developed for additive services.
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| 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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Latest news on Trimech
Frequently Asked Questions about TriMech
When was TriMech founded?
TriMech was founded in 1998 and raised its 1st funding round 16 years after it was founded.
Where is TriMech located?
TriMech is headquartered in Glen Allen, United States. It is registered at Glen Allen, Virginia, United States.
Is TriMech a funded company?
TriMech is a funded company, having raised a total of $12.88M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12.38M, raised on Mar 12, 2014.
How many employees does TriMech have?
As of Dec 31, 2022, the latest employee count at TriMech is 233.
What does TriMech do?
Online on demand 3D printing and manufacturing solutions. It offers engineering teams 3D design and additive manufacturing solutions such as concept designing, sketching, and manufactured products. It allows users to virtual test designs using simulated physical instances. The company provides rapid prototyping and training in 3D printing. Additionally, it is a reseller of multi industry hardware and software. The offering sectors include aerospace, automotive, energy, government, healthcare, and more.
Who are the top competitors of TriMech?
TriMech's top competitors include Xometry, VulcanForms and Fictiv.
What products or services does TriMech offer?
TriMech offers SOLIDWORKS Desktop CAD, 3D Printers, Training Services, and SOLIDWORKS Simulation.
How many acquisitions has TriMech made?
TriMech has made 4 acquisitions, including Adaptive Corp, Forward Vision, and InterPro Additive Manufacturing.
Who are TriMech's investors?
TriMech has 2 investors. Key investors include M-One Capital, and Sentinel Capital Partners.
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