Persimmon Technologies Corporation
Latest round
- Series B
Last raised
- Mar 2014
Total raised
- $14M
Investors
- 5
About Persimmon Technologies Corporation
Founded in 2010 in Wakefield, US, Persimmon Technologies Corporation specializes in electric motor technology and vacuum robotics. The company was acquired by Sumitomo Heavy Industries, Ltd. in February 2017, marking a significant business development. Michael Pippins serves as CEO, leading the firm through its various operational focuses and innovations.Persimmon Technologies specializes in high-performance electric motor technology and vacuum robotics, serving the semiconductor, power electronics, LED, and advanced packaging equipment markets. The company develops advanced direct drive vacuum robotics engineered for precision in semiconductor manufacturing, enabling clients to produce next-generation computer chips. Additionally, Persimmon offers high-performance servo motors for challenging applications, including their innovative Hybrid Field Motor technology, which promises up to double the output of conventional motors.Persimmon Technologies generates revenue through direct sales of its electric motors and vacuum robotics solutions to business clients in the semiconductor industry, primarily engaging in B2B transactions. Contracts are established based on project scope and specific client needs, with pricing determined through negotiated agreements.Looking ahead, Persimmon Technologies plans to launch new products designed for enhanced performance in semiconductor manufacturing and robotics. The company is targeting expansion into new geographic regions, focusing on increased market penetration in Asia and Europe by 2025.20 mn, will be utilized to support these growth initiatives, including product development and regional expansions.
Who invested in Persimmon Technologies Corporation
5 investors across 2 rounds
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Questions about Persimmon Technologies Corporation
Who invested in Persimmon Technologies Corporation?
Persimmon Technologies Corporation has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Persimmon Technologies Corporation raised?
Persimmon Technologies Corporation has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Persimmon Technologies Corporation last raise money?
Persimmon Technologies Corporation's most recent round on record is a Series B, in Mar 2014.
What does Persimmon Technologies Corporation do?
Founded in 2010 in Wakefield, US, Persimmon Technologies Corporation specializes in electric motor technology and vacuum robotics.
Where is Persimmon Technologies Corporation headquartered?
Persimmon Technologies Corporation is headquartered in Wakefield, US.
Which VCs invest in companies like Persimmon Technologies Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back industrial machinery companies at Persimmon Technologies Corporation's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series B
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