PlanarMag Inc.
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PlanarMag Inc. - overview
Location
West Sacramento, CA, US
Primary Industry
Electronics
About
PlanarMag Inc. is a technology company specializing in innovative sensor and connectivity solutions that optimize performance across diverse sectors, including automotive and telecommunications, enhancing operational efficiency and data communication. PlanarMag Inc. focuses on providing specialized sensor technologies and connectivity solutions.
The company is headquartered in West Sacramento, US. In August 2010, Tyco Electronics acquired PlanarMag Inc. for undisclosed financial terms. The company has been engaged in 4 deals, with the most recent deal occurring on August 13, 2010.
The latest funding round was a Series B, raising USD 3. 50 mn, led by TE Connectivity's Touch Solutions Business alongside American River Ventures. PlanarMag Inc. offers a range of advanced sensors, connectors, and related components designed to enhance connectivity and optimize performance in various applications, including automotive, industrial, telecommunications, and aerospace sectors.
Their innovative solutions address critical challenges by improving device efficiency, enhancing safety, and facilitating seamless data communication to a diverse client base, including original equipment manufacturers (OEMs), automotive manufacturers, and industrial automation firms in North America, Europe, and Asia-Pacific markets. PlanarMag Inc. predominantly generates revenue through a business-to-business (B2B) model, directly engaging with OEMs and industrial clients. Revenue is derived from sales of their sensor technologies and custom connectivity solutions, typically through contractual agreements with clients based on operational needs.
The pricing structure is designed to accommodate volume orders, providing flexibility for clients while fostering strong relationships through dedicated account managers. PlanarMag Inc. is focused on leveraging its recent funding from the Series B round in 2010 to drive future growth initiatives. The company plans to expand its product offerings, particularly in sensor technologies, and is exploring new markets in North America and Asia-Pacific by 2015.
This strategic direction aims to enhance their market presence and support continued development of innovative solutions.
Current Investors
American River Ventures
Primary Industry
Electronics
Sub Industries
Electronics, Telecoms
Website
www.planarmag.com
Company Stage
Acquired
Total Amount Raised
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