What is Procision Boring?
Procision Boring, Inc. is a distinguished provider of trenchless solutions for underground utility installation and replacement. The company leverages a blend of traditional and innovative methodologies, often combining trenchless techniques with cutting-edge technology to successfully navigate challenging environments. Their expertise in overcoming complex installation hurdles has cemented a reputation for innovative problem-solving and project completion, even in scenarios where other firms have faltered. Procision Boring's extensive fleet and industry resources enable them to undertake a wide spectrum of trenchless projects, employing diverse techniques to meet specific client requirements.
How much funding has Procision Boring raised?
Procision Boring has raised a total of $330K across 2 funding rounds:
Debt
$150K
Debt
$180K
Debt (2020): $150K with participation from PPP
Debt (2021): $180K led by PPP
Key Investors in Procision Boring
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Procision Boring?
The substantial capital infusion, particularly the recent strategic investment, positions Procision Boring for accelerated expansion and technological advancement. This late-stage funding suggests a focus on scaling operations, enhancing service capabilities, and potentially exploring new market segments. The company's proven track record in executing difficult projects, coupled with this financial backing, indicates a strategic push to solidify its leadership in the trenchless utility sector and capitalize on increasing infrastructure development demands.
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