We are excited to announce this morning our seed round of funding. This is a major milestone for Rigado as we look to serve a growing community of companies bringing IoT solutions to market. We have two primary goals with this funding — both of which will help us further serve companies with development and certification of their connected products, saving them time and costs associated with the process.
First, we look forward to growing our global presence, most specifically in Europe and Asia where demand for our modules, gateways, and DeviceOps platform is strong and growing. Our second aim is to continue expanding our IoT connectivity product line with solutions that directly address our customers’ ability to design, build, and quickly bring to market competitive IoT solutions.
The Oregon Angel Fund led the round with Rogue Ventures and others participating. In addition, Steve Buhaly will join the Rigado Board of Directors as the investor representative from the Oregon Angel Fund. Tom Sperry, co-founder and Managing Director of Rogue Venture Partners, kindly noted, “We are inspired by entrepreneurs who are driven by market traction and Rigado has this in abundance, growing quickly and serving hundreds of clients with its wireless IoT solutions.” And Scott Sandler, Oregon Angel Fund Manager, added, “Rigado is positioned to take advantage of the growing proliferation of IoT devices with technologies that help companies manage and update them at scale. We are proud to invest in Rigado and help them accelerate IoT solutions for global enterprises.”
This year has been full of milestones for Rigado:
- Reaching over 250 customers
- Introducing our IoT Gateway and two new wireless modules
- Being named a 2017 “Cool Vendor in IoT” by Gartner Research
- Winning an “IoT Breakthrough Award”
- Ranking as one of the fastest growing businesses in Oregon by the Portland Business Journal
We look forward to building on this momentum in the year to come, helping our customers build award-winning solutions of their own. For more information on how Rigado can support your IoT efforts, drop us a line today.