Direct Drive Systems Overview
- Year Founded
-
2005
- Status
-
Acquired/Merged
- Latest Deal Type
-
M&A
- Latest Deal Amount
-
$120M
Direct Drive Systems General Information
Description
Manufacturer of permanent magnet motors and generators, magnetic bearings, and power electronics. The company offers Frame 2 system for critical pipeline, marine, and offshore applications; and FRAME 8 machine for pipelines, platforms, and ships applications, as well as in various power range applications.
Contact Information
Website
www.directdrivesystems.netCorporate Office
- 12880 Moore Street
- Cerritos, CA 90703
- United States
Corporate Office
- 12880 Moore Street
- Cerritos, CA 90703
- United States
Direct Drive Systems Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Merger/Acquisition | 30-Oct-2009 | $120M | Completed | Generating Revenue | ||
| 4. Debt - General | 17-Jun-2009 | Completed | ||||
| 3. Early Stage VC (Series B) | 21-Jan-2008 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 31-Aug-2006 | $15.5M | $15.5M | Completed | Product Development | |
| 1. Seed Round | Completed |
Direct Drive Systems Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | ||||||||
| Series A |
Direct Drive Systems Patents
Direct Drive Systems Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| AU-2015330672-A1 | Permanent magnet motor control for electric subsea pump | Active | 09-Oct-2014 | ||
| AU-2015330672-B2 | Permanent magnet motor control for electric subsea pump | Inactive | 09-Oct-2014 | ||
| EP-3205012-A1 | Permanent magnet motor control for electric subsea pump | Active | 09-Oct-2014 | ||
| EP-3205012-B1 | Permanent magnet motor control for electric subsea pump | Active | 09-Oct-2014 | ||
| WO-2016057934-A1 | Permanent magnet motor control for electric subsea pump | Inactive | 09-Oct-2014 | H02P6/20 |
Direct Drive Systems Former Investors (6)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| BankInvest Group | Asset Manager | Minority | ||
| Cooper Capital Partners | Venture Capital | Minority | ||
| EV Private Equity | Impact Investing | Minority | ||
| ITOCHU Technology Ventures | Venture Capital | Minority | ||
| NES Partners | Venture Capital | Minority |
Direct Drive Systems FAQs
-
When was Direct Drive Systems founded?
Direct Drive Systems was founded in 2005.
-
Where is Direct Drive Systems headquartered?
Direct Drive Systems is headquartered in Cerritos, CA.
-
What industry is Direct Drive Systems in?
Direct Drive Systems’s primary industry is Electrical Equipment.
-
Is Direct Drive Systems a private or public company?
Direct Drive Systems is a Private company.
-
What is the current valuation of Direct Drive Systems?
The current valuation of Direct Drive Systems is .
-
What is Direct Drive Systems’s current revenue?
The current revenue for Direct Drive Systems is .
-
How much funding has Direct Drive Systems raised over time?
Direct Drive Systems has raised $28.5M.
-
Who are Direct Drive Systems’s investors?
BankInvest Group, Cooper Capital Partners, EV Private Equity, ITOCHU Technology Ventures, and NES Partners are 5 of 6 investors who have invested in Direct Drive Systems.
-
When was Direct Drive Systems acquired?
Direct Drive Systems was acquired on 30-Oct-2009.
-
Who acquired Direct Drive Systems?
Direct Drive Systems was acquired by FMC Technologies.
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