About Reach
Reach is a company based in Redwood City (United States) founded in 2014 by Chris Davlantes. It operates as a AI-as-a-Service, and Product-as-a-Service. Reach has raised $39.12 million across 3 funding rounds from investors including DCVC, Y Combinator and Transform VC. The company has 11 employees as of December 31, 2022. Reach offers products and services including Wireless Power-at-a-Distance, Defense & Intelligence Solutions, Manufacturing & Logistics Solutions, and Public Safety Solutions. Reach operates in a competitive market with competitors including Ossia, Energous, Powercast, Mojo Mobility and PowerLight, among others.
- Headquarter Redwood City, United States
- Employees 11 as on 31 Dec, 2022
- Founders Chris Davlantes
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Reach Power Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.12 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series B
Dec 02, 2022
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Investors
DCVC
& 3 more
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Employee Count
11
as on Dec 31, 2022
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Products & Services of Reach
Reach offers a comprehensive portfolio of products and services, including Wireless Power-at-a-Distance, Defense & Intelligence Solutions, Manufacturing & Logistics Solutions, and Public Safety Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Wireless power delivery is enabled for various devices.
Power solutions are provided for harsh remote environments.
Efficiency is increased for robotics and advanced devices.
Persistent drone flight is enabled for safety operations.
Funding Insights of Reach
Reach has successfully raised a total of $39.12M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $30.0M
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First Round
First Round
(18 May 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series B - Reach | Valuation | DCVC | |
| Nov, 2018 | Amount | Series A - Reach | Valuation | DCVC | |
| May, 2015 | Amount | Seed - Reach | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Reach
Reach has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include DCVC, Y Combinator and Transform VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Early-stage technology companies are funded by Transform VC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Reach
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Reach
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Reach Comparisons
Competitors of Reach
Reach operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ossia, Energous, Powercast, Mojo Mobility and PowerLight, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wireless power technology is developed and licensed by Ossia.
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| domain | founded_year | HQ Location |
RF-based wireless charging solutions are offered for battery-powered devices.
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| domain | founded_year | HQ Location |
Developer of wireless power and RF energy harvesting solutions for micro-power applications
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| domain | founded_year | HQ Location |
Near-field technology is employed for wireless mobile device charging.
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| domain | founded_year | HQ Location |
Wireless electricity is transmitted via laser beams to airborne drones.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Reach
When was Reach founded?
Reach was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Reach located?
Reach is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Who is the current CEO of Reach?
Chris Davlantes is the current CEO of Reach. They have also founded this company.
Is Reach a funded company?
Reach is a funded company, having raised a total of $39.12M across 3 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on May 18, 2015.
How many employees does Reach have?
As of Dec 31, 2022, the latest employee count at Reach is 11.
What does Reach do?
Innovative wireless power technology is provided by Reach, focusing on energy transmission without wires. Solutions are offered across defense, manufacturing, logistics, and public safety sectors. Patented hardware and AI-driven software are utilized to deliver scalable and mobile power beaming. Applications include persistent drone flight, industrial robotics efficiency, and remote environment energy needs. Transformation of energy delivery is aimed at, supporting critical infrastructure and pioneering future industry standards.
Who are the top competitors of Reach?
Reach's top competitors include Ossia, Energous and PowerLight.
What products or services does Reach offer?
Reach offers Wireless Power-at-a-Distance, Defense & Intelligence Solutions, Manufacturing & Logistics Solutions, and Public Safety Solutions.
Who are Reach's investors?
Reach has 4 investors. Key investors include DCVC, Y Combinator, Transform VC, and Collab Fund.
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