Persimmon Technologies is a technology company.
Persimmon Technologies has raised $14.0M across 1 funding round.
Persimmon Technologies has raised $14.0M in total across 1 funding round.
Persimmon Technologies is a technology company specializing in vacuum robotics and high-performance electric motor technology, primarily serving the semiconductor, solar, LED, flat panel display (FPD), and power electronics markets.[1][2][3] Headquartered in Wakefield, Massachusetts, the company develops direct-drive vacuum robots and innovative Hybrid-Field 3D printed motors that deliver up to 2x higher output than conventional motors, enabling manufacturers to produce next-generation computer chips for applications like AI, smartphones, data centers, and self-driving cars.[2][3] With around 68-77 employees and annual revenue of $5.7 million, Persimmon focuses on disruptive, patent-protected innovations backed by over 60 years of management experience in robotics and automation.[1][3]
The company solves critical challenges in high-vacuum environments, where precision robotics and efficient motors are essential for chip fabrication and advanced manufacturing, providing tangible performance advantages through superior speed, reliability, and energy efficiency.[2]
Founded in 2010, Persimmon Technologies emerged from expertise in advanced robotics for semiconductor equipment, with its management team bringing over 60 years of collective experience in development, manufacturing, and global distribution.[1][3] Under President and CEO Michael Pippins, the company built on this foundation to innovate in vacuum robotics and later expanded into Hybrid-Field motor technology using additive manufacturing techniques.[3][4] A pivotal moment came in its acquisition by Sumitomo Heavy Industries (part of Sumitomo Company) in 2017 for $33 million, which bolstered its resources for scaling hybrid motor applications like steering and brake components while enhancing Sumitomo's product lines in electrical hybrid motors.[4] This acquisition marked early traction and positioned Persimmon for deeper integration into global high-tech manufacturing.
Persimmon rides the wave of surging demand for advanced semiconductors amid AI proliferation, data center expansion, and electrification trends in EVs and renewables.[2][3] Its timing aligns with market forces like the need for smaller, faster chips and efficient power electronics, where vacuum robotics ensure contamination-free fabrication, and 3D-printed motors boost energy efficiency in industrial automation.[1][4] By supplying critical components to leading manufacturers, Persimmon influences the ecosystem through patented tech that accelerates production scaling, supports sustainable energy via power electronics, and enables innovations in self-driving tech and smart devices, as evidenced by its integration into Sumitomo's global supply chain post-2017 acquisition.[2][4]
Persimmon is poised to expand its Hybrid-Field motor tech into broader EV and automation applications, leveraging Sumitomo's resources amid rising chip demand and additive manufacturing adoption.[2][4] Trends like AI-driven chip complexity and energy-efficient motors will shape its growth, potentially amplifying influence through new patents and partnerships. As a key enabler of next-gen computing, Persimmon's innovations continue delivering the performance edge that powers a chip-dependent world.[2]
Persimmon Technologies has raised $14.0M in total across 1 funding round.
Persimmon Technologies's investors include Giant Ventures, TotalEnergies Ventures.
Persimmon Technologies has raised $14.0M across 1 funding round. Most recently, it raised $14.0M Series B in March 2014.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2014 | $14.0M Series B | Giant Ventures, TotalEnergies Ventures |