Corning Incorporated
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Corning Incorporated - overview
Established
1851
Location
Corning, NY, US
Primary Industry
Materials
About
Based in the US, Corning Incorporated specializes in advanced materials and innovative glass products, serving diverse industries such as telecommunications, consumer electronics, and life sciences. Founded in 1851 in Corning, US, Corning Incorporated is known for its advanced materials solutions. The company has engaged in various business strategies and has not undergone significant pivots or changes in operation. Corning was co-founded by Ben Garber and Christina Chan, with Rehab Farrag currently serving as CEO.
The company has raised a total of EUR 45. 00 mn across 7 deals, with its latest funding being an Add-on round of EUR 15. 00 mn from Suzhou Delphi Laser Co. , Ltd.
Corning Incorporated specializes in advanced materials science and innovative glass products catering to various industries, including telecommunications, consumer electronics, life sciences, and environmental technologies. Its flagship offerings include Corning® Gorilla® Glass, widely used in mobile devices for its durability, high-quality optical fiber and cables for telecommunications, advanced ceramics for automotive applications, and solutions for environmental technologies and pharmaceutical packaging. The company serves a global clientele, including major manufacturers and service providers in North America, Europe, and Asia. In the most recent year, 2023, Corning Incorporated reported a revenue of EUR 12,588.
00 mn and an EBITDA of EUR 2,259. 00 mn, primarily generated through direct sales to businesses in telecommunications, electronics, and healthcare sectors. Their B2B transactions involve bulk orders and partnerships with major firms, such as Samsung, ensuring a steady supply of essential materials. Looking ahead, Corning Incorporated plans to introduce new products, although specific launch dates have not been disclosed.
The company is focused on expanding into additional geographic markets, targeting regions that are not explicitly mentioned. The funds from the recent EUR 15. 00 mn Add-on round will likely support these initiatives as Corning continues its strategic efforts to enhance its product offerings and market presence.
Current Investors
Apple Advanced Manufacturing Fund, DelphiLaser
Primary Industry
Materials
Sub Industries
Advanced Materials, Glass
Website
www.corning.com/
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Corning Incorporated - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Corning Incorporated | - | ||||||||
| Add-on, Trade Sale | Completed | Corning Incorporated’s Gentest Business | - | ||||||||
| Growth | Completed | Corning Incorporated | - | ||||||||
| Growth | Completed | Corning Incorporated | - | ||||||||
| Growth | Completed | Corning Incorporated | - |
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